Year in review: Global tire players transform footprint

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The global tire industry almost saw another big merger in 2017, but there was plenty of other activity keeping firms busy in the year. From new investments to new structures, here are four of the biggest events within the tire sector.

Doublestar tries to buy Kumho

It looked for a moment another big-time tire merger was about to happen.

Doublestar Tire Co. Ltd. had agreed to acquire Kumho Tire Co. Inc. for about $830 million in March, but in September Kumho creditors rejected the deal after Doublestar allegedly asked for the price to be reduced by 16 percent amid disputes over trademark rights.

The deal is on thin ice as both sides were…

Read the source article at Rubber and Plastics News

An Argentine startup that makes shoes from discarded tire scraps and employs single mothers

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More than 100,000 tons of rubber tires are disposed of every year in Argentina. The majority of them are burned, contributing to the country’s already huge air pollution problem. So, when Alejandro Malgor and two of his friends, Ezequiel Gatti and Nazareno El Hom, realized they wanted to start a business, they decided to focus on tackling the problem — and make shoes from the discarded tire scraps.

Read the source article at PRI.org

Emmie Leung Named One of Canada’s Most Powerful

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Over the past 40 years, Emmie Leung, Founder and CEO of Emterra Group, has led her company from a fledging, one-woman start-up, to a widely recognized and regarded leader in waste recycling and resource management. During the Women’s Executive Network’s (WXN) Awards in Toronto, Emmie was named one of Canada’s Most Powerful Women: Top 100 Winners in the category of Entrepreneurs.  

In the Women’s Executive Network’s announcement, Sherri Stevens, President & CEO of PhaseNyne (parent company of Women’s Executive Network – WXN) stated, “The Top 100 Awards showcases the leaders that are helping to drive positive change and progress and to remind us of the importance of empowering women in our workforce.”

“This award program recognizes women who have pushed the boundaries and are in a constant pursuit of leadership excellence,” said Emmie. “It is a complete honor to be included with this group of exemplary people and to be recognized as one of Canada’s Most Powerful Women.”  

Read the source article at Waste Management Canada

Tire Cologne to host international retreading conference

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COLOGNE, Germany — The organizers of The Tire Cologne — the biennial tire industry exposition set to debut in 2018 — have added a one-day “Global Retreading Conference” to the event’s agenda.

Read the source article at Tire Business

Where the rubber not only hits, but is in, the roads

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Where the rubber hits the road Where the rubber not only hits, but is in, the roads. Pic: supplied The Australian X Few motorists would realise that the rubber their car rolls on can, when it reaches the end of its life, become better roads for the same drivers to enjoy. With Australia generating 56 million used tyres per year, there is huge potential to turn an environmental challenge into an opportunity to improve Australia’s roads.

Read the source article at The Australian

High-tech manufacturing turning old tyres into better irrigation systems

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High-tech manufacturing turning old tyres into better irrigation systems High-tech manufacturing turning old tyres into better irrigation systems The Australian X It seems unlikely that discarded tyres could help valuable crops grow but that is exactly what the work of two Geelong based joint high-tech manufacturing companies is making happen.

Read the source article at The Australian

‘It is an eyesore’: Tire piles grow after cuts to Sask. recycling program

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Some rural residents in Saskatchewan are upset since the Ministry of Environment put the brakes on a program that used to clean up tires on private property and farmland. “Honestly, it is an eyesore,” said Leslie Clark, a councillor for the RM of Parkdale, surrounding the hamlet of Glaslyn in northwest Saskatchewan. The cleanup of scrap tires from 227 RMs in the province was completed for $5.34 million.

Read the source article at CBC.ca

Sumitomo rolls out ‘Smart Tyre’ innovation roadmap

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TOKYO — Sumitomo Rubber Industries Ltd. has set out a series of targets for its development of innovative tire products to meet increasing requirements around safety, sustainability and connected mobility.

Read the source article at Tire Business

TRA scheme explains value of tire recycling

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London – The Tyre Recovery Association (TRA) has launched its Responsible Retailing initiative to help retailers and industry educate consumers about tire recovery.

The scheme offers a suite of information including infographics, leaflets and posters to be displayed at members’ facilities. Materials can be downloaded through a newly launched tyrerecovery.org.uk website.

Read the source article at European Rubber Journal

Hankook income drops in third quarter, nine months

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SEOUL, South Korea—Hankook suffered double-digit drops in operating income for the quarter and nine months ended Sept. 30, despite increased sales for both periods.

Read the source article at Rubber and Plastics News