Tyre maker Michelin confirms 2018 guidance despite China slowdown

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Tyre makers such as Michelin and its rivals Continental and Goodyear have been hit by weaker demand in China, whose economy has been slowing, and the impact of adverse foreign exchange movements and commodity prices.

But Michelin said growth in Europe and north America meant it would stick to its overall 2018 financial targets.

Xavier Caroen, an analyst at French brokerage Bryan Garnier, said the statement would reassure investors that the French company had not been as badly affected as other tyre makers.

Read the source article at Stock Market Quotes and News

Kumho Tire announce tire price increase effective October 1st

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Kumho Tire announced it will increase tire prices effective October 1st for its passenger, light truck, and medium truck tires sold in the U.S. The percentage increase will be up to 6% and will vary by SKU.

The price adjustment reflects economic factors such as increased raw material costs. Kumho will continue to provide best-in-class products at competitive prices, with superior quality and innovative technology.

Read the source article at Traction News

Key milestone achieved in transition of tire recycling program

The Resource Productivity and Recovery Authority, working with the tire industry, achieved a key milestone in the transition of Ontario’s tire recycling program. Approximately 34 million tires representing 93% of tires reported to Ontario Tire Stewardship (OTS) between 2014 and 2016 were reported to the Authority by the August 31 deadline.

“This is an important achievement in transitioning the Used Tires Program to individual producer responsibility under the new Tires Regulation,” said Patrick Moran, the Authority’s Registrar. …

Read the source article at rpra.ca

Bridgestone, Cooper raising aftermarket P/LT tire prices Oct. 1 in U.S.

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AKRON — Bridgestone Americas Tire Operations and Cooper Tire & Rubber Co. plan to increase replacement market prices Oct. 1 on passenger and light truck tires sold in the U.S.

Read the source article at Tire Business

Tire makers commit $7.5 billion globally to new plants, capacity expansions

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AKRON — The world’s leading tire makers committed more than $7.5 billion in the past year toward new plants and capacity expansions, representing more than 82 million units of new annual car tire and 7.5 million units of new truck/bus tire capacity.

Read the source article at Tire Business

Apollo Tyres: European truck tyre production starting this quarter

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Truck tyre production at Apollo Tyres’ factory in Gyöngyöshalász, Hungary will begin before the end of September. According to Gaurav Kumar, chief financial officer of Apollo Tyres Ltd., production is scheduled to start during the July to September quarter and the ramp-up of truck tyre production will then continue and reach a maximum capacity of 1,200 pieces per day by the end of March next year.

Read the source article at Tyrepress

Linglong to build $1bn tire plant in Serbia

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Shanghai, China – Shandong Linglong Tire Co is planning to build a $994.4 million (€863 million) tire production plant in the Serbian Zrenjanin Free Trade Zone in north Serbia.

In a 20-Aug filing with the Shanghai Stock Exchange, the Linglong announced that construction work on the company’s first European production site will officially start next April.

The project will be completed in three phases, and at full capacity can produce 13.62 million high-performance radial tires per year.

Read the source article at European Rubber Journal

2017 marked tough year for Chinese tire makers

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LONDON — Last year was another polarizing year for China’s tire sector.

The country’s tire production in 2017 increased by 5.4 percent from 2016 to 926 million units, a third of the global total. Tire makers’ production had a 7.1 percent rise to 653 million units, data from China’s ministry of industry and IT also shows.

Radial tire production climbed 8.5 percent to 613 million units — including 131 million truck and bus tires, up 8.2 percent year-on-year, and 482 million passenger car tires, up 8.5 percent year on year—while bias tire production dropped 11.1 percent to 40 million units.

Read the source article at Tire Business

ETRMA tire sales: A half of two quarters

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Brussels – European sales of replacement passenger car and truck & bus tires recovered strongly in the second quarter, figures from the European Tyre & Rubber Manufacturers’ Association (ETRMA) show.

In the three months to 30 June, ETRMA member companies reported a 5% year-on-year increase in sales of passenger car tires, to 49,154,000 units – in contrast to a 6% year-on-year decline in the first-quarter to 52, 353,000 units.

Read the source article at European Rubber Journal

Ontario Used Tire Collection Data – 2015, 2016 & 2017

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Consistent with the approved Used Tires Program Wind-Up Plan (WUP), OTS has prepared an analysis of used tire collection in different areas of the province for 2015, 2016 and 2017. This information is presented by used tire type and reflects the number of units of each used tire type picked-up from Collectors in each geographic zone.

The zones have been designed to offer a more detailed picture of where used tires are generated in the province, while still protecting the sensitive business information of Collectors and Haulers in/servicing these areas.

OTS 2015 – 2017 Used Tire Collection Data
(Note: the data will download as an Excel file)

Read the source article at Rethink Tires