Michelin to shut Dundee plant with loss of 845 jobs

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Dundee, UK – Groupe Michelin is to close its tire plant in Dundee, Scotland by mid-2020 with the loss of 845 jobs, the company informed employees there on 5 Nov.

The Dundee site, which opened in 1971, manufactures only 16-inch and smaller tires for passenger cars, explained a Michelin statement.

This market, it said, has faced serious difficulties in recent years due to a structural decline in demand for these tire sizes and competition from low-cost, entry-level products from Asia.

Read the source article at European Rubber Journal

BKT to build plant in U.S.; on-stream by late 2020/early 2021

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LAS VEGAS — Off-road tire maker Balkrishna Industries Ltd., the No. 39 tire maker worldwide, has disclosed it plans to build a plant in the U.S.

Read the source article at Tire Business

Stakeholders Launch Global Platform for Sustainable Natural Rubber

Development of the platform was initiated by the CEOs of the World Business Council for Sustainable Development (WBCSD) Tire Industry Project (TIP) in November 2017 and has since been led by a Working Group of TIP member companies. TIP members continue to work to ensure the sustainable production and supply of natural rubber, and in joining the platform they commit to be able to demonstrate the integration of principles for sustainable natural rubber into their purchasing and/or operational activities. The GPSNR is open to applications for membership from other natural rubber stakeholders. 

Speaking at the launch Peter Bakker, President and CEO of WBCSD said “The tire industry consumes around 70 percent of natural rubber and demand is growing. This throws into sharp relief the social, economic and environmental opportunities associated with this important commodity. The GPSNR will consider the people, communities and natural resources touched by natural rubber production and supply – they all stand to benefit from the creation and adoption of sustainable and responsible practices.” 

The ceremonial launch included the signing of a GPSNR Member Statement by the 11 members of TIP, and Ford Motor Company, Halcyon Agri Corporation Limited, ITOCHU Corporation, Kirana Megatara, SIPEF, The Socfin Group, and Southland Global PTE Ltd. 

Bakker praised the efforts of founding and prospective GPSNR members in bringing the platform to launch, adding “This spirit of collaboration will define the actions of the platform going forward – there is strength in diversity, and the various interests and expertise within the GPSNR can deliver a truly sustainable natural rubber supply chain.” 

The WBCSD’s TIP spearheaded development of the GPSNR and will financially support the platform during start-up and its first two years of operation – a level of support necessary to ensure basic operations while a paying membership base is established. Despite industry backing the GPSNR will maintain its independence, underlined Anne-Cécile Remont, Director WBCSD TIP– “Once officially launched, the platform will be independently managed, with governance and decision making overseen by a representative group of stakeholders.” 

Building upon past work, in developing the platform, a review of comparable supply chain sustainability initiatives, including natural rubber, revealed that meaningful change was best achieved through the mainstreaming of good practices and this was central to discussions around the GPSNR’s governance structure, explained Remont. “Successful mainstreaming requires actionable commitment from the entire supply chain. Best results are found where the various contributions of stakeholder groups are relative to their ownership of supply chain opportunities, their relevant expertise and their capacity to implement meaningful change,” she said. 

To be headquartered in Singapore, a dedicated GPSNR secretariat will kick-off operations in March 2019 with an inaugural GPSNR General Assembly. 

About the World Business Council for Sustainable Development (WBCSD) 

WBCSD is a global, CEO-led organization of over 200 leading businesses working together to accelerate the transition to a sustainable world. We help make our member companies more successful and sustainable by focusing on the maximum positive impact for shareholders, the environment and societies. 

Our member companies come from all business sectors and all major economies, representing a combined revenue of more than USD $8.5 trillion and 19 million employees. Our global network of almost 70 national business councils gives our members unparalleled reach across the globe. WBCSD is uniquely positioned to work with member companies along and across value chains to deliver impactful business solutions to the most challenging sustainability issues. 

Together, we are the leading voice of business for sustainability: united by our vision of a world where more than 9 billion people are all living well and within the boundaries of our planet, by 2050. http://www.wbcsd.org 

 

For more information, please contact: 

Gavin Whitmore 

whitmore@wbcsd.org  

Mobile: +41 79 880 57 29 

 

Bridgestone adding $45 million warehouse to Canadian tire plant

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Joliette, Quebec — Bridgestone Canada Inc. plans to build a $45 million (€39.2 million) automated warehouse in Joliette, adjacent to its passenger and light truck tire plant there, increasing its ability to serve North American customers.

With a maximum storage capacity of 500,000 tires, the new building will use fully automated technology to store tires produced at the Joliette plant. The warehouse is expected to open in early 2020.

Read the source article at European Rubber Journal

Michelin investing in Nova Scotia plant ahead of winter tire launch

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GRANTON, Nova Scotia – Michelin North America (Canada) Inc. is budgeting $16 million in investments at its Granton plant to support the 2020 launch of a winter tire designed specifically for the North American market.

Read the source article at Rubber and Plastics News

Conti takes full ownership of Sri Lankan tire maker Eu-Retec

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KALUTARA, Sri Lanka — Continental A.G. has acquired full ownership of Sri Lankan solid tire maker Eu-Retec (Pvt) Ltd., buying the 49-percent stake it didn’t own from the company’s managing director.

Read the source article at Tire Business

ITEC speakers urge companies to think green

AKRON–Green business and economic practices, encompassing both manufacturing and recycling, are crucial to the continuing health and viability of the tire industry, speakers said at the International Tire Exhibition & Conference.

Read the source article at Rubber and Plastics News

Goodyear race tire plant earns manufacturing excellence award

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ROLLING MEADOWS, Ill. – Goodyear’s race tire plant in Akron is one of four manufacturing enterprises to have earned a 2018 Excellence Award from the Association for Manufacturing Excellence.

Read the source article at Rubber and Plastics News

Tocom aims to double rubber trading with new contract

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Technically-specified rubber futures will start trading on October 9, according to President Takamichi Hamada. Trading volumes will probably exceed ribbed-smoked-sheet rubber, the type currently traded on Tocom, in the short term, Hamada, 68, said in an interview in Tokyo. The exchange is also aiming to surpass volumes on Singapore Exchange, he said.

Tocom is Japan’s largest commodity exchange and has offered RSS rubber contracts for almost 66 years.

 

Read the source article at Global Rubber Markets News

Kumho to supply technology to new Pakistani tire player

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SEOUL, South Korea—Kumho Tire has agreed to provide tire manufacturing technology to a Pakistani battery producer that is planning to branch into tire production.

Read the source article at Rubber and Plastics News