Sailun ups investment in Vietnam tire plant

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Qingdao, China – Sailun is planning to increase its investment in its Vietnam plant by €121 million, according to a company filing on the Shanghai Stock Exchange.

With 1.2 million-unit truck and bus tire annual capacity and 30,000-unit off-the-road tire annual capacity, the unit will have total registered capital of €187 million.

Such investment is funded by the company’s private placement in November, raising €165 million capital.

Read the source article at European Rubber Journal

The Synthetic Rubber Market is Estimated to be USD 28.88 Billion in 2017 and is Projected to Reach USD 37.82 Billion by 2022

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The Synthetic Rubber Market is Estimated to Be USD 28.88 Billion in 2017 And is Projected to Reach USD 37.82 Billion By 2022, Registering a CAGR of 5.5% Between 2017 And 2022.

Synthetic rubber is mostly produced from crude oil and natural gas, by the polymerization of monomers. Although used in a wide range of applications, its major application is in tires. There has been a growing demand for synthetic rubber from applications, such as tire, non-tire automotive, footwear, industrial, and others. Environmental regulations related to synthetic rubber may act as a restraint for the synthetic rubber market.

Based on type, the NBR (nitrile butadiene rubber) segment is projected to witness the highest growth during the forecast period. NBR is mostly used in applications where high oil resistance is required. Increasing demand for hoses, belts, and cables in the manufacturing and automotive industries in APAC, is likely to fuel the growth of the NBR segment over the forecast period. Rapid industrialization in China and India is anticipated to drive the demand for NBR in APAC over the next six years.

Read the source article at PR Newswire

Sen. Tim Scott tours South Carolina’s Giti plant

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RICHBURG, S.C. — U.S. Sen. Tim Scott was introduced to the world of tire making on Dec. 4 during his tour of the new, $1.7-million Giti Tire Group manufacturing plant in Richburg.

Read the source article at Tire Business

HF advances new tire building machine

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Hamburg, Germany – HF has developed a tire building machine (TBM) to meet market demands for larger sizes, smaller batches and enhanced quality.

Labelled PLT2-SD-Flex, the TBM features a flexible drum concept, which is said to facilitate “diversified production” of highly complex tires.

With just a tool-change, the machine can build all tire constructions currently on the market, in a flat or high-crown building process, according to HF.

Read the source article at European Rubber Journal

Europa Systems debuts new tire handling tech

The unit features a special double centering device that positions two tires at the same time in the correct place to be picked up by a robot.

 

Read the source article at Tire Technology International

Continental breaks ground at new Tire Plant in Thailand

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Continental celebrated the Foundation Stone Laying Ceremony last November 21, marking the start of construction of its new Greenfield tire plant in Rayong, Thailand. The ceremony was attended by Mr. Chalee Chotiwong, Chief of Provincial Administration Organization for Maenamkoo district, as well as Continental management, the local project team, and suppliers.

Read the source article at Traction News

USTMA Reflects on Selleck’s Retirement from Michelin

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On November 16, Michelin North America announced the retirement of Chairman and President Pete Selleck, effective Dec. 31, 2017, after six years in that role. His impact to the industry is praised and recognized by the USTMA among others.

Selleck is known for his dedication and service to the tire industry. Anne Forristall Luke, president and CEO of the U.S. Tire Manufacturers Association (USTMA), say Selleck “leaves a lasting legacy of visionary leadership” in the industry.

Read the source article at Tire Review

TTI Awards open for nominations!

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Nominations have opened for the 2018 Tire Technology International Awards for Innovation and Excellence – the world’s biggest celebration of endeavor in the field of tire development and manufacturing. Nominations are open in the following five categories until December 1, 2017:

Environmental Achievement of the Year

In recognition of environmental advances in the tire industry

Tire Technology of the Year

In recognition of important advances in technology

Tire Industry Supplier of the Year

Read the source article at Tire Technology International

Giti’s U.S. plant begins production in S.C.

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RICHBURG, S.C.–Giti Tire has initiated production at its $560 million Richburg tire plant, making Singapore-headquartered Giti the 16th global tire maker with U.S.-based manufacturing capacity.

Read the source article at Rubber and Plastics News

Goodyear Chemical Plant Earns Osha Vpp Star Status for Safety

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The Goodyear Tire & Rubber Company has announced that its Houston chemical plant has earned certification to Voluntary Protection Program (VPP) Star Status by the Occupational Safety & Health Administration (OSHA).

Goodyear Houston is the fourth of the company’s four U.S. chemical plants to achieve VPP certification, underscoring Goodyear’s long-term commitment to safety leadership.

Read the source article at Tire Review