Nokian Tyres seeks to gain traction in North America with new factory – Reuters

curata__QEO159undQ2KD5s.jpeg

HELSINKI (Reuters) – Finnish tire maker Nokian Tyres expects its new U.S. factory in Tennessee to help it double its sales in North America, especially by expanding its all-season tire sales in the region, the company said on Thursday. The company, which has previously concentrated mostly on winter tire sales in Russia and Europe, said the new facility would allow it to seek growth in the significantly larger all-season tire market in North America.

Read the source article at reuters.com

It’s Time to Plan Your Trip to the Tire & Rubber Summit 2019

Join us at the Tire & Rubber Summit 2019 on June 11 and 12 in Toronto, and don’t forget to take advantage of our preferred hotel rate at the event’s Toronto Airport Marriott Hotel.

Our group rate offer will expire on Tuesday, May 21, so take advantage and register prior to this date here: Book hotel (special event rate). If you prefer a phone reservation where you can speak to a live person, please call hotel reservations toll free: 1-800-905-2811 or 1-888-236-2427.

This year’s iteration of the Tire & Rubber Summit is all about technology. Our 2019 program brings you a list of relevant industry topics delivered by high-profile executive speakers from rubber companies, non-tire manufacturers, rubber compounders, suppliers, auxiliary businesses, and regulators.

Register now and find out all there is to know about the broad range of new disruptive technologies in automotive, manufacturing and materials development sectors, rubber material feedstocks, regulatory initiatives and outlook, and Canadian economic outlook.

Download Program

REGISTER NOW! 

 

Read the source article at Eventbrite

Pirelli consolidating operations in Brazil

MILAN — Pirelli C. & S.p.A. is planning to consolidate its operations in Brazil, with one possible plant closure in the offing and the commitment of $136 million in investments over the coming two years.

The “reorganization of production structure” would involve the transfer of motorcycle tire production to Pirelli’s plant in in Campinas, Sao Paulo — which currently manufactures car tires only — from its plant in Gravataí, Rio Grande do Sul, thus creating an industrial hub for car, moto and motorsport tires to serve the Latin American markets.

The move likely would result in the closing of the 43-year-old …

Read the source article at Tire Business

German auto suppliers downbeat as trade dispute simmers – Reuters

BERLIN/HAMBURG (Reuters) – German automotive suppliers Continental and Bosch do not expect a speedy recovery of the global auto market, as an escalating trade conflict between the United States and China threatens to compound already weak car demand. Automakers and their suppliers are grappling with a downturn in vehicle demand, particularly in China, the world’s largest car market, which saw sales slow down for the ninth month in a row in April.

Read the source article at reuters.com

More millennials are hitting the road in trailers, RVs

Whether it’s Lucille Ball and Desi Arnaz traveling across the country in “The Long, Long Trailer” or Iggy Pop spending time at home with Mom and Dad, Americans love their campers.

Now the iconic symbol of middle-class success is gaining ground with a new audience: Millennials, who not only are traveling the country in them but renting the wheeled living quarters through Airbnb.

According to the Recreational Vehicle Industry Association, RV shipments saw their second-best year in 2018, with 483,672 units. Shipments were down only 4.1% from 2017’s record-setting year of 504,600 units.

Read the source article at Detroit Free Press

Automotive tyre market will grow steadily: report

curata__x3ZUPKw9Fu9NEnh.jpeg

Enhanced tyre performance, surging tyre production, and introduction of innovative products will fuel automotive tyre market growth. The market will grow steadily during the 2017-2022 period with the market estimated to be valued at almost $300 billion in 2019, says the latest report by Fact.MR. According to the report, the automotive tire market is projected to grow at 5.1% CAGR through 2022.

Read the source article at Rubber Asia

ETRMA members’ tyre sales 1st quarter 2019 show slight decline in European tyre replacement sales

Brussels, 16th April 2019 – Today the European Tyre and Rubber Manufacturers’ Association (ETRMA) published its members’ sales for the 1 st quarter of 2019.

The overall industry sales declined slightly in Q1 2019. This pattern is similar to 2018, which saw low sales in Q1 and recovery in the following months. It remains uncertain whether the recovery in Q2 will balance out the decline registered in Q1.

ETRMA welcomes the very positive evolution for truck tyre replacement (+9%), reconfirming the 2018 full-year trend, and the positive trend in agricultural tyre sales. As for the moto and scooter tyre replacement sales, the positive trend observed during the Q4 of 2018 is reflected again in the 2019 Q1 sales.

Read the source article at etrma.org

Giti planning to reinvigorate GT Radial brand in North America

RICHBURG, S.C. — As the new kid in the North American manufacturing neighborhood, Giti Tire Manufacturing (USA) Ltd. has ambitious plans to make its mark in the regional tire market.

Since the groundbreaking four years ago for its 1.7-million-sq.-ft. facility in Richburg, the subsidiary of Singapore-headquartered Giti Tire Group began producing tires in late 2017, hired more than 700 employees and has been ramping up production for new lines of tires.

“This facility is half of what we want,” said Hank Eisenga, vice president of manufacturing. “So our intent is to take and double this facility as quickly as we can.”

Read the source article at Tire Business

Goodyear to upgrade, expand Luxembourg tire plant

curata__wChEFrEVYYzerI1.jpeg

Munich, Germany — Goodyear has disclosed plans to invest $36 million to increase production of OTR tires and make process improvements at its factory in Colmar-Berg, Luxembourg.

Goodyear announced the investment during Bauma construction industry trade fair in Munich, where it’s an exhibitor.

“The demand for premium OTR tires continues to grow worldwide, ” said David Anckaert, vice president of Goodyear’s commercial tire business in Europe.

Read the source article at European Rubber Journal

Sumitomo expansion begins operation at Brazil tire plant

curata__ZnHI8J86WtwpBmZ.jpeg

FAZENDA, Brazil—Sumitomo Rubber Industries’ Brazilian subsidiary has initiated production of truck and bus tires at its plant in Fazenda following a $133 million, three-year expansion project.

Read the source article at Rubber and Plastics News