Trelleborg to start expansion project at Czech plant soon

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Trelleborg, Sweden – Trelleborg AB is set to start construction on an expansion plan at its tire production facility in Otrokovice, Czechia ‘shortly’, according to a company spokeswoman.

“We recently got approval from the local authorities to start building and the construction work will start within short,” communications manager Karin Larsson said in a 13 March statement to ERJ.

Read the source article at European Rubber Journal

Federal Tire to raise prices in North America

TORRANCE, Calif. — Federal Tire North America is raising prices on its entire product line by roughly 2.5 percent, effective April 1.

According to Joe Kao, operations manager, the Taiwan-based tire maker, “tried to hold off as long as possible but finally, we had no choice.”

Read the source article at Tire Business

Michelin acquires Indonesian tire maker

France: Michelin has completed the acquisition of 88% control of Indonesia’s PT Multistrada Ara Sarana Tbk., producer and marketer of the Achilles and Corsa tire brands as well as a number of private brands.

Michelin paid $439 million (€386 million) for the publicly-listed shares, held by an investment group, the company announced 8 March.

The French tire maker is now launching a public offer for the remaining shares in Multistrada, at the same price it is offering the investor group.

Read the source article at European Rubber Journal

U.S. tire shipments projected to fall 0.7% from 2018 — Ustma

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WASHINGTON — U.S. tire shipments are expected to drop about 0.7 percent in 2019 from 2018, with replacement truck tire shipments falling the most drastically, according to the latest forecast from the U.S. Tire Manufacturers Association.

Read the source article at Tire Business

Sustainability trends and government regulation driving green tire development

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The green tire industry, composed of low rolling resistance (LRR) tires as well as those emerging from ‘green’ (sustainable) materials, is a fast-growing part of the tire industry. The rapid growth of the sector is partly due to growth in the tire market itself, but mainly due to society’s increased interest in sustainability.

The global green tire market is estimated by Smithers Rapra to be $81.6 billion in 2018, which would put it at around 38% of the global tire industry as a whole. Smithers’ Future of Green Tires to 2023 market report forecasts growth of nearly 11% per year in value and volume through 2023, when value will reach $137 billion.

Green tire market high level forecast by value 2013-2023

 

Sustainable tire technologies

The main driver of the global tire market is the growing middle classes and the resulting increase in vehicle ownership in the emerging economies, particularly Asia. Growing concerns about greenhouse gas emissions and the limited availability of natural resources to meet the demands of expanding numbers of consumers are forcing industry to meet government and market demands for more sustainable products like green tires.

As a result, tire makers are pressing forward with sustainable tire technologies, including use of renewable rubbers that perform equal or better than traditional rubber. Many tire makers have entered strategic partnerships with government, researchers and bio technologies companies to advance their efforts to develop renewable rubber on a commercial scale.

 

Government regulations and economic drivers

Drivers of adoption of green tires are regulatory with increasing pressure on vehicle makers to reduce vehicle emissions and meet rising fuel economy targets. This pressure is driving development of LLR tires and their growing OE market penetration. Growth of alternative vehicle powertrains (hybrid and electric), as well as the evolution to shared/fleet vehicle use, and autonomous vehicles are pushing green tire adoption with continued gains in rolling resistance reduction a requirement.

The replacement market for green tires has also grown through better consumer education and awareness provided by the European Union’s consumer tire labelling scheme that rates tire rolling resistance and other performance variables.

 

Key materials for green tires

Green tires are optimized to achieve the lowest possible rolling resistance by means of fillers such as highly dispersible silica (HD silica or HDS), improved carbon blacks or nanotechnology. HD silicas are playing an important role in green tire material consumption, but improvements in elastomers (e.g. functionalized) and fillers (carbon black) and other inputs such as oils and fabrics are also important.

Rising in tandem with green tire unit demand, raw materials consumption for green tires demand is estimated at over 17.8 million tons in 2018, growing to 29 million in 2023, according to Smithers Rapra’s “Future of Green Tires to 2023” market report. Elastomers, fillers and fabrics are the dominant categories by weight, and growth will be led by sustainable ones such as natural rubber and rayon fabric, with synthetic rubbers showing the least growth.

 

Green tire market materials consumption 2013-2023 by volume (‘000 tons)

 

Biobased rubber for greener tires

Biosourcing of synthetic rubbers and other ingredients, the expansion of natural rubber availability, and biological alternatives to natural rubber are key areas of attention too. In the area of biorubber, Cooper Tire and Rubber and its consortium partners, including Clemson University, Cornell University, PanAridus and the Agricultural Research Service of the US Department of Agriculture, completed a five-year $6.9 million Biomass R&D Initiative (BRDI) grant called “Securing the Future of Natural Rubber—an American Tire and Bioenergy Platform from Guayule” in 2017.

The grant team studied the feasibility of using guayule in tires versus Hevea natural rubber and produced concept passenger car tires in which all natural and synthetic rubber was replaced by guayule-based natural rubber. Cooper says it could use guayule rubber in tire production tomorrow if enough material was available to meet its production needs at a competitive price.

 

The electric and autonomous vehicle market

Hybrid and electric vehicles are a natural market fit for green tires. Besides being naturally aligned, the requirements of these vehicles, such as high torque and acceleration, and the need for maximized energy efficiency to extend battery range, will increasingly place demands on tire makers. Drivers of these vehicles are also more likely to stay with LRR tires when replacing them, regardless of price.

Tire development for autonomous vehicles will be increasingly focused on reduced rolling resistance and high reliability. There will be closer attention paid to non-pneumatic and intelligent tire options that eliminate or manage tire pressure and reliability issues.

 

Market challenges

There are other aspects of the green tire market that make it attractive, as well as challenging. The availability and pricing of natural, synthetic and biosourced materials can be unpredictable, and it is not clear how quickly many of the greener technology options can progress from concepts and pilots to commercial scale.

All of the major tire companies are committed to green tires, although rates of market uptake vary depending on local regulations and preferences. The drive to reduce emissions, improve fuel efficiency and accommodate new transportation models is shared by governments and tire companies alike.

For more information from Smithers Rapra on the green tire market, visit https://www.smithersrapra.com/market-reports/tire-industry-market-reports/green-tires-to-2023.

 

Agricultural Rubber Track Market to See Major Growth in Future: Soucy, Mattracks, Zuidberg, Bridgestone Industrial, Eurotrack

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Edison, NJ — (SBWIRE) — 02/16/2019 — A new business intelligence report released by Advance Market Analytics with title “Global Agricultural Rubber Track Market Insights, Forecast to 2025” has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy.

Read the source article at Stock Market Quotes and News

Michelin buys Indonesian tyre manufacturer Multistrada

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Michelin has agreed to buy 80 per cent of PT Multistrada Arah Sarana TBK, the Indonesia-based tyre manufacturer. With a production capacity of more than 180 thousand tons (which equates to 11 million passenger car tyres, 9 million two-wheel tyres and 250 thousand truck tyres), Multistrada generated net sales of US$281 million in 2017.

Read the source article at Tyrepress

Conti hits 2018 target despite market decline

Hanover, Germany – Continental has achieved its 2018 sales and earning targets despite declining automotive markets, the company announced 14 Jan.

Operating performance, it said, came in as expected in the fourth quarter, which also saw strong sales of winter tires and the positive market development in industrial markets.

“We achieved a respectable result and achieved our adjusted annual targets. We are continuing to grow profitably,” said Continental CEO Dr. Elmar Degenhart.

Read the source article at European Rubber Journal

Xingda Steel Tyre Cord opens office in Luxembourg

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Xingda Steel Tyre Cord has established an office in Luxembourg, enabling it to better serve customers in Europe while also expanding its footprint.

Senior execs celebrated at the opening ceremony in December last year, which was also attended by world-renowned rubber and tire manufacturers.

The company is systematically increasing its global footprint and also recently established a subsidiary in the USA, Xingda American Company, and has opened a plant in Thailand.

Read the source article at Tire Technology International

The wide-base super-single story no one is talking about

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Why are retreaders getting squeezed with lower production and profit margins? The tire trade journals have been splashing the effects of cheap “Chinese” Tier 4 tires for many months as the primary cause of production and financial stress for retreaders.

This is no doubt a major influence and major contributor to this decline. To quote recent media on other political national topics, “This is fake news.”

The major Tier 1, Tier 2 tire manufacturers also are contributing in this shrinkage with the advent of the wide-base super-single (WBSS) tires that have been heavily marketed for nearly 18 years now.

Read the source article at Tire Business