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.
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.
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…
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.
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.
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.
The Examation tyre assembly system is said to have resulted in a “landslide victory” for Bridgestone at the 2017 TTX Awards. The company was named Tire Manufacturing Innovation of the Year award at a ceremony in Hannover, Germany this week.
Bridgestone’s Hikone passenger car tyre plant in Japan was the first of the company’s facilities to utilise Examation. The system combines specially developed ICT with artificial intelligence to greatly improve quality and enhance productivity in the factory.
Examation incorporates more advanced versions of the information and communication technologies utilised in the BIRD (Bridgestone Innovative and Rational Development) production system and also employs new proprietary technologies based on the concepts of Bridgestone Intelligent Office (BIO) and Bridgestone Intelligent Device (BID). BIO and BID refer to new technologies that incorporate data analysis utilising Bridgestone’s core expertise in the processing of high polymer rubber complex materials, which represents a core technology area. These technologies also employ proprietary algorithms that are made by combining analysis of big data collected from manufacturing processes with the techniques and know-how of Bridgestone’s experts in manufacturing process.
“We are very proud that the Examation tyre assembly system has been recognised with this prestigious award,” comments Emilio Tiberio, vice-president of research and development at the Bridgestone Technical Centre Europe. “We believe that the application of our ICT and AI to our production systems will provide great benefits.”
WASHINGTON (Feb. 15, 2017) — The U.S. Department of Transportation issued 22 new DOT plant identification codes in the past year for tire factories worldwide, including 14 for plants in China.
Tire manufacturers wishing to sell tires intended for use on U.S. roadways must have a DOT code for each plant, and that code must be molded into the sidewalls of each such tire.
Of the new codes issued, only one—for Yokohama Tire Corp.’s truck tire plant in West Point, Miss.—is in North America.
Shannon Campbell , Wayland Campbell and Jason Scherer swept the podium of the 2017 race. Shannon Campbell is the first racer to have won the King of the Hammers race three times. Erik Miller , JP Gomez, and Josh Blyler made up the rest of the top six. This year’s race was one of the closest in KOH history with Shannon Campbell finishing just 28 seconds ahead of his son Wayland.
Cooper Tire & Rubber Co., like many companies in the rubber industry, is trying to find ways to develop its talent pipeline. It realized that to do so, manufacturing needs to have a voice early on in a child’s education.
The company has used Manufacturing Day as a platform. And in conjunction with the Manufacturing Institute’s “Dream It. Do It.” program, the company established its own “Dream Team,” which consists of employees who serve as year-round ambassadors for manufacturing.
The team does a number of community outreach activities with local high schools and colleges, but the majority of them are centered around eighth graders, and the biggest is Manufacturing Day. The last two years Cooper has hosted events at all three of its plants for middle schoolers and offered the chance to experience what it’s like to work in the rubber industry. Kids take on roles—for instance a tire builder—and work one-on-one with employees to learn the job.
Cooper Tire said it’s reached 10,000 eighth graders through its Manufacturing Day programs.