King Tire adds ContiLifeCycle at 2nd plant

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BLUEFIELD, W.Va. — King Tire Service Inc. has renewed its commitment to the ContiLifeCycle retreading system and converted its second plant, in Bristol, Va., to the Conti system, according to Continental Tire the Americas L.L.C.

King Tire was the first ContiLifeCycle partner in the U.S., agreeing in 2011 to convert its retread plant in Bluefield to the Conti system.

The location in Bristol is a former Blevins Tire & Recapping shop that King Tire took over in 2014 and continued to operate until now as a Marangoni-system operation, according to Ed King, vice president of King Tire Service and manager of recapping and warehousing.

The company decided last year to upgrade the Bristol facility with new equipment and convert it to the ContiLifeCycle system, Mr. King said, without disclosing the firm’s investment in the renovation.

Read the source article at Tire Business

Hankook Opens Test Centre in Finland

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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

It’s interesting times for tyre recycling industry

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Mike Hinsey,International Vice President, Granutech Saturn Systems, USA, a leading industrial recycling systems manufacturer, is widely considered to be a legend in the tyre recycling industry. He has been with Granutech for 33 long years and has been instrumental in taking the company to the world’s Top 3 position. Among the awards and accolades won by him include the coveted award from the Institute of Scrap Recycling Industries Inc. (ISRI), USA, the largest recycling association in the world, for his outstanding contribution to the recycling industry.

In an interview to Rubber Asia on the sidelines of India Rubber Expo (IRE) 2017 in Chennai, he explains the high points of his 33-year-long association with Granutech and shares his views on wide-ranging issues such as the current status and future prospects of tyre recycling industry, the problem of mounting tyre wastes, recent innovations/improvements made in tyre recycling technology etc.

Read the source article at Rubber Asia

Conlan Tire Joins ContiLifeCycle

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Florida-based Conlan Tire LLC has joined Continental Tire the Americas ContiLifeCycle dealership network.

“The partnership with Conlan Tire LLC is important to Continental in an effort to reduce overall driving costs to our fleet customers, it is what drives mutual success of both dealers and fleets,” said Paul Williams, Continental’s executive vice president for commercial vehicle tires. “We could not have chosen a better partner in Florida and look forward to continuing to grow our ability to service fleets with our ContiLifeCycle approach.”

As a ContiLifeCycle dealer, Conlan Tire will now offer ContiTread retreaded truck tires. ContiLifeCycle offers a cradle-to-grave solution that begins with a new Continental tire and continues with the ContiTread retreading solution.

Read the source article at Tire Review

Tire Technology Expo 2017 Show review

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Tire Technology Expo – the premier showcase for the global tire design, development and manufacturing industry – continues its spectacular growth of recent years. The 2017 event, held for the second time at the Deutsche Messe in Hannover in February, was the 17th since the show’s foundation and the biggest yet, with 280 exhibiting companies, more than 600 conference and course attendees, and a three-day visitor and delegate total that nudged the 5,000 level for the second year running.

“Remarkably, within 15 minutes of opening the doors on the first morning, it was obvious that Tire Technology Expo 2017 was going to be even better than our best-ever show in 2016,” said Tony Robinson, CEO of UKIP Media & Events and founder of Tire Technology Expo. “I’ve been delighted with the number of visitors from all over the world. The exhibitors were happy, but equally importantly, the visitors were very happy because the show was full of the latest technologies and materials that people are looking for.”

Visitor Jukka Koskinen, development manager at Nokian Heavy Tyres, said, “Every year I make time in my calendar to attend the show. I visited many companies that I was interested in and I made strong contacts – all the manufacturers were there and it’s easy to find out answers to any questions that we may have.”

Read the source article at Tire Technology Expo 2017

Recycled rubber infill causes a very low level of concern

ECHA has evaluated the risk of substances in recycled rubber that is used on artificial sports pitches. Based on the evidence, ECHA has concluded that the concern for players on these pitches, including children, and for workers who install and maintain them is very low. ECHA will update its evaluation as and when new information becomes available.

Helsinki, 28 February 2017 – In June 2016, the European Commission asked ECHA to evaluate the risk to the general population, including children, professional players and workers installing or maintaining the pitches.

A number of hazardous substances are present in recycled rubber granules, including polycyclic aromatic hydrocarbons (PAHs), metals, phthalates, volatile organic hydrocarbons (VOCs) and semi-volatile organic hydrocarbons (SVOCs). Exposure to these substances through skin contact, ingestion and inhalation was considered.

Based on the information available, ECHA concludes that there is, at most, a very low level of concern from exposure to recycled rubber granules:

  • The concern for lifetime cancer risk is very low given the concentrations of PAHs typically measured in European sports grounds.
  • The concern from metals is negligible given that the data indicated that the levels are below the limits allowed in the current toys legislation.
  • No concerns were identified from the concentrations of phthalates, benzothiazole and methyl isobutyl ketone as these are below the concentrations that would lead to health problems.
  • It has been reported that volatile organic compounds emitted from rubber granules in indoor halls might cause irritation to the eyes and skin.

Read the source article at Homepage

Goodyear Announces Pricing of $700 Million of Senior Notes

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The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its offering of $700 million aggregate principal amount of 10-year senior notes. The notes will be senior unsecured obligations of the company.

The notes will be offered to the public at a price of 100% of their principal amount and will bear interest at a rate of 4.875% per annum. Goodyear expects the offering to close on March 7, 2017, subject to customary closing conditions.

Goodyear intends to use the net proceeds from this offering, together with cash and cash equivalents, to redeem in full its $700 million in aggregate principal amount of 7.0% senior notes due 2022.

Read the source article at cnbc.com

Michelin 2016 income up, sales down

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CLERMONT-FERRAND, France (March 6, 2017) — Higher volumes and a rebound in demand in China and Europe helped Michelin register growth in operating income for the full year 2016, although sales revenue was off slightly.

Operating income from recurring activities rose 3.7 percent to $2.95 billion, while sales fell 1.4 percent to $22.9 billion, yielding an operating ratio of 12.9 percent, up about three-fourths of a point over 2015. Net income rose 43.1 percent to $1.83 billion.

CEO Jean-Dominique Senard called 2016 a “successful milestone in our strategic roadmap,” and said 2017 was expected to be “another year of growth, in line with the group’s 2020 objectives.”

In 2017, Michelin expects tire markets to track the trends observed in late 2016, in particular with the upturn in mining tire sales. At the same time, Michelin expects rising raw materials prices to impact earnings by nearly $990 million.

In response to the cost pressure, Michelin said it will “agilely manage prices so as to hold unit margins firm in businesses not subject to indexation clauses.”

Read the source article at Tire Business

Kraton Corporation Announces Fourth Quarter and Full Year 2016 Results

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HOUSTON, Feb. 27, 2017 /PRNewswire/ — Kraton Corporation (NYSE: KRA), a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, announces financial results for the quarter and year ended December 31, 2016. 2016

FOURTH QUARTER AND FULL YEAR SUMMARY Exceeded the previously announced target for integration synergies, delivering $37 million of the $65 million total synergies expected by 2018.

Read the source article at cnbc.com

United States Maritime Fenders Market by Manufacturers, States, Type and Application, Forecast to 2022

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Market Segment by Applications, can be divided into – Ports and Docks on Quay Walls and Other Berthing Structures. – Tugs, Barges, Ferries and Similar Hard Working Vessels – Others There are 17 Chapters to deeply display the United States Maritime Fenders market.

Read the source article at reportsnreports.com