Hankook Wins Red Dot Design Award 2017

Hankook Tire Co. has earned a Red Dot Design Award 2017 for its Laufenn I FIT the studless winter tire.

“Following last year’s multiple wins from Red Dot Design, this award once again solidifies Hankook Tire’s commitment and determination to lead future driving through progressive innovation and creative design,” said Seung Hwa Suh, vice chairman and CEO of Hankook Tire. “We will continue to contribute to advancement in driving with aspiration for innovative technology, both through Hankook and Laufenn’s dedicated technology leadership.”

The Red Dot Design Award is an international design prize awarded by the Design Zentrum Nordrhein Westfalen, Germany.

Read the source article at Tire Review

Goodyear Declares Dividend on Common Stock

curata__OBngZibNOsr2DsJ.jpeg

AKRON, Ohio, April 11, 2017 /PRNewswire/ — Directors of The Goodyear Tire & Rubber Company (NASDAQ: GT) have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable June 1, 2017, to shareholders of record on May 1, 2017. The payout represents an…

Read the source article at PR Newswire

Continental to expand its R&D footprint in North America with Advanced Indoor Evaluation Center

UVALDE, TexasApril 5, 2017 /PRNewswire/ — Continental has announced the investment of approximately $10 million in a new indoor tire test center located in Uvalde, Texas, at the company’s U.S. proving grounds.

“The new test center will support our vision of being the preferred technology partner for Continental’s Original Equipment customers for tires, as well as increasing our speed in developing new technologies specifically designed for the Americas market,” said Dr. Boris Mergell, head of research and development for Passenger and Light Truck Tires at Continental.

 

Strategically located on Continental’s proving grounds for tires in Uvalde, the new test center is designed to provide indoor test capacity for all tires manufactured in Continental’s North and South American plants.

“Our developments for Original Equipment customers in the Americas will be positively impacted, as we will be able to increase our testing capacity in the region,” said Dr. Juan Botero, vice president of key account management for Original Equipment Passenger and Light Truck Tires for Continental Tire the Americas. The test facility is expected to be fully functional in April, 2019.

Read the source article at PR Newswire

Continental opens Chinese tire plant expansion

curata__H0SAs8fBCMXh2vC.png

Hefei, China – Continental has opened a €250-million expansion of its tire plant in Hefei, Anhui province, according to local government websites.

Phase 3 of the Hefei expansion project started in November 2015. It is expected to increase passenger car tire capacity from 5 million units/year today to 14 million units/year by 2019.

By May 2015, the company had produced 10 million passenger car and light truck tires, mostly for the China market.

Read the source article at European Rubber Journal

Nexen Tire Holds ‘2017 Purple Summit, Manchester’ for Worldwide Business Partners

SEOUL, South Korea, March 20, 2017 /PRNewswire/ — Nexen Tire, a leading global tire manufacturer, held the ‘2017 Purple Summit, Manchester,’ to demonstrate its commitment to its worldwide partners.

Read the source article at WardsAuto

Hankook Opens Test Centre in Finland

curata__b0HjNrjhp6mqifM.jpeg

Located 300 km north of the Arctic Circle in Ivalo, Finland, Technotrac is Hankook Tire’s new state-of-the-art winter tire testing facility.

The opening of Technotrac, says Hankook, marks a major milestone for the tire manufacturer, proving that its winter tires are tried and tested in the world’s most severe winter conditions.

Read the source article at Autosphere.ca

Pirelli debuts cloud-based tire-monitoring system

Geneva, Switzerland –  Pirelli Tyre SpA has developed a digital platform that integrates tire operating data available through its cyber technology with telecommunications technology to deliver real-time tire performance feedback to the driver through a mobile phone app.

The platform, dubbed “Conesso,” is available initially to owners of cars fitted with P Zero and Winter Sottozero tires, which are equipped with Pirelli’s sensor-driven cyber tire technology.

Pirelli unveiled the technology — along with the market availability of its custom colour-sidewall option — at the 2017 Geneva International…

Read the source article at European Rubber Journal

Korean Hankook – Cheap Stock And Plans To Grow Revenues 15% In 2017 | Top Stocks For 2017

curata__8wURxBKs14cvOGN.png

Hankook (OTC:HAOOF), the Korean tire manufacturer, is very profitable and stealing market share from competitors. The stock is cheap and the company wants to grow 15% in 2017.

The stock trades at 57,300 won, there are 123.85 million shares, and the market cap is 7.1 trillion won ($6.1 billion). It takes 1151 won to buy one dollar. The stock pays a 400 won dividend and yields 0.7%. Earnings per share last year was 2,844 won and the price to earnings ratio was 20.

Read the source article at Top Stocks For 2017

Nitian Mantri to replace Yogesh Mahansaria as CEO of ATG

curata__wEAl1BYwm0LQ8LU.jpeg

Yogesh Mahansaria is to step down as chief executive officer of the company he founded. Alliance Tire Group (ATG) has announced the appointment of Nitian Mantri as chief executive officer – designate, and states that he will “be taking over the reins” from Mahansaria over the coming few months.

Read the source article at Tyrepress

Bridgestone, Conti and SRI win at TTI Awards

curata__1HLytIpMEz8l7ec.jpeg

Sustainable innovation, and next-generation information and communication technologies were championed at this year’s Tire Technology International Awards for Innovation and Excellence.

The awards are decided by the votes of a 27-strong panel of experts from the tire industry and academia, with the winners announced last night (Wednesday, February 15) during Tire Technology Expo, at a Gala Dinner at the Hannover Congress Centrum.

This year’s winners are testament to how the latest consumer electronics and cutting-edge information communication technology are being successfully adopted into tire design and manufacturing, yielding great results.

Graham Heeps, editor, Tire Technology International & chairman of the judging panel said: “Cutting-edge sustainability and information technology is more prominent than ever among this year’s winners, showing that the tire industry is at the forefront of high-tech research, development and manufacturing. The judging panel was impressed by the strength in depth among this year’s finalists. Picking the winners gets harder every year!”

Bridgestone was awarded Tire Manufacturing Innovation of the Year with judges overwhelmingly voting for the brand’s Examation tire assembly system. Examation combines revolutionary artificial intelligence with information and communication technologies, for improved quality and enhanced factory productivity.

Versalis/Genomatica won the Environmental Achievement of the Year award for their long-term project to create renewable butadiene. The companies embarked on the joint venture in a bid to address concerns around potential butadiene shortages and price increases. In a demonstration run in 2016, several kilograms of renewable butadiene were prepared starting from commercial sugars, with polymerization tests showing no differences between the polybutadiene prepared from fossil or renewable feedstock.

Sumitomo Rubber Industries (SRI, producers of Falken tires) won the Tire Technology of the Year category for a record third time with its Advanced 4D Nano Design, which makes is possible to perform highly realistic simulations of the complex internal structures and behaviours of rubber materials at the nanoscale. The technology is being used to develop next-generation tire materials, including a new tread rubber that doubled the wear performance of SRI’s standard tread rubber from 2011.

The Tire Industry Supplier of the Year award was presented to Harm Voortman, president and CEO, VMI Group. Judges recognized the launch of VMI’s Milexx truck-tire building machine, along with further debuts including its Retrax automated pre-cure tread applicator, Pixxel vision system, and its new manufacturing facility in Leszno, Poland, operational from Q2 2017.

In the hotly contested Tire Manufacturer of the Year category it was Continental who scooped the prize, beating off stiff competition from Hankook, Michelin and Yokohama.

A raft of major R&D and production investments were unveiled by Continental in 2016, with German projects including a new high-performance technical center and a dedicated dandelion-rubber research center. In September, the first truck test tires containing dandelion rubber were revealed, with production expected to follow in 5-10 years.

Two specialist awards were also presented. TU Dresden PhD candidate, Pavel Sarkisov took home the Young Scientist Prize after delivering an impressive conference paper entitled “Optical measurement of tire deformation focused on transient handling properties”. Meanwhile tire materials expert, Gert Heinrich, director of the Institute of Polymer Materials at the Leibniz Institute for Polymer Research in Dresden, and Continental’s former head of materials research, received the Lifetime Achievement Award.

For more on all the winners, head to www.tiretechnology-expo.com.

Read the source article at Tire Technology International