Goodyear positioned to benefit from industry trends

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Trends in the global tire industry play to the strengths of The Goodyear Tire & Rubber Company and its strategy to drive profitable growth.

“The accelerating shift to high-value-added tires for both consumer vehicles and commercial trucks is the main product trend shaping the future of the tire industry,” Chairman, Chief Executive Officer and President Richard J. Kramer said at the company’s recent annual shareholder meeting.

Read the source article at Traction News

Industry Trends May Positively Impact Goodyear

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Global trends within the tire industry play to Goodyear Tire & Rubber Co.’s strengths, the tiremaker said during a recent shareholder’s meeting.

“The accelerating shift to high-value-added tires for both consumer vehicles and commercial trucks is the main product trend shaping the future of the tire industry,” said Rich Kramer, CEO and president of Goodyear.

Read the source article at Tire Review

What to expect at the ‘Scrap to Profit’ conference

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Innovation to drive new and improved scrap tire markets is a key theme for the 7th Scrap to Profit Conference scheduled for October 25-26, 2017 at The Inn at Opryland Hotel in Nashville, Tennessee.

Topics to be discussed will be non-commercial and include market discussions of tire derived fuel, civil engineering, and ground rubber markets. Also, research and education needs for new markets and recent innovations in scrap tire uses will be addressed.

Read the source article at Traction News

OTR: Check out the tires BKT unveiled at CONEXPO

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Balkrishna Industries Ltd. (BKT) unveiled new tires in four of their more productive tire lines recently. Three new tires were announced for the ATV/UTV market and are the W207, Bog Max, and Sierra Max. The heavy industry market will see the addition of the Earth Max SR 35.

BKT’s Earth Max industrial tire.

Read the source article at Traction News

Pirelli continues splitting industrial and consumer tire lines

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In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities.

The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.

Another key development is the 600 million euro refinancing of PTG with a 3 year duration (which may be extended for two additional one-year terms). This new refinancing deal has reportedly been agreed and signed with major global banks in a bid to ensure Pirelli Industrial’s financial independence. Around 50 per cent of PTG’s refinancing will be used to repay the debt against Pirelli, accelerating its deleveraging process.

Put all this together and we can now see that both Pirelli units remain owned by Marco Polo. However, the industrial and consumer units are truly independent in legal terms. Marco Polo is owned by CNRC/ChemChina (which holds 65 per cent), Camfin (which holds 22.4 per cent) and Long Term Investment (which holds 12.6 per cent). See diagram one for details of how Pirelli’s consumer and industrial operations have been split during March 2017.

Read the source article at Tyrepress

The US Farm Tire Market 2017, Rising Demand of Wide-Section Tires and Growing Demand of Eco-Friendly Tires

The report “The US Farm Tire Market: Industry Analysis & Outlook (2017-2021)” analyzes the development of this market. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The four major players: Compagnie Générale des Établissements Michelin SCA, Goodyear Tire & Rubber Company, Inc., Yokohama Rubber Co., Ltd. and Titan International, Inc., are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the US farm tire market, with the focus on different farm tire segments.

Read the source article at SBWire

Here are Pirelli’s new OTR, truck and ag tire lines

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Pirelli has unveiled its new truck, agricultural and off-the-road tire lines at the Mid-American Trucking Show in Kentucky.

Pirelli announced last year it planned to enter the commercial truck tire market and gave the industry its first glimpse at their initial range at MATS, the world’s largest annual heavy duty trucking show. Here’s everything Pirelli has told us about their North American range.

  • PENTATHLON D — a premium long haul drive tire
  • G:85 SERIES FOR ON/OFF ROAD
  • FH:01 MOTOR COACH
  • FORMULA DRIVER II ALL POSITION RIB

Read the source article at Traction News

LMC analyst predicts a “more even” global LV tire market in 2017

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Guangzhou, China – The world is looking at more even growth in light vehicle tire sales across regions in 2017, said Robert Simmons, head of rubber and tire research at UK’s agribusiness consultancy LMC International.

According to Simmons’ speech at the 2017 China Rubber Conference held in Guangzhou last week, LV tire sales are expected to increase by 3% globally this year, with India overtaking the Middle East and China as the fastest growing market at an over 8% year-on-year rate.

Read the source article at European Rubber Journal

Industry report: OE tire market to grow 5.5% to 2021

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Pune, India – The global market for original equipment (OE) tires is projected to grow at a CAGR of 5.48% from 2016 to 2021, to reach a value of $30.26 billion (€28 billion), according to a report by Indian research group MarketsandMarkets.

The demand, said the report, is driven by demand for improved fuel economy, low rolling resistance tires, eco-friendly and smart tires.

Read the source article at European Rubber Journal

Kramer: Goodyear on Front Edge of Connectivity Wave

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The past couple of days, you’ve heard a lot about one of my favorite topics, the value of the Goodyear brand. You heard a lot about our terrific products, our services and tools that help you build your businesses. You heard Scott talk a lot about the marketing partnerships that we have, particularly around NASCAR and college football. In fact, some of you told me last night how you loved and felt so proud seeing those Goodyear commercials during the football season.

Read the source article at Tire Review