Goodyear suffers double-digit earnings drops, Q4 net loss

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Akron, Ohio — Goodyear suffered double-digit drops in segment operating income for the quarter and fiscal year ended 31 Dec and reported a tax-reform-related net loss for the quarter.

Goodyear cited elevated raw materials costs and the “unfavourable” impact of reduced production volumes on costs for the operating earnings declines, and said the fourth quarter loss was driven by a $299 million (€244 million) one-time, non-cash tax charge related to US tax reform.

Read the source article at European Rubber Journal

Yokohama to double car tire capacity at Indian plant

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HARYANA, India — Yokohama Rubber Co. Ltd. is planning to double annual capacity for passenger tires at its Yokohama India Pvt. Ltd. subsidiary over the coming 18 to 20 months with a $60 million investment.

Read the source article at Tire Business

ETRMA reports flat sales in 2017

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BRUSSELS—Tire sales in Europe were largely flat in 2017, with a strong increase in original equipment truck tire sales but a sharp drop in replacement agricultural tires, according to the latest figures from the European Tyre and Rubber…

Read the source article at Rubber and Plastics News

One in five truck tires fail German surveillance test

Frankfurt, Germany –  Almost 20% of truck tires have failed to meet the rolling resistance efficiency class specified by the manufacturer or importer, according to the WDK.

The finding is based on tests carried out under a joint investigation by the Frankfurt-based rubber industry association and German market surveillance authorities.

Read the source article at European Rubber Journal

USTMA Sees Slight Decline in U.S. Tire Shipments

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The U.S. Tire Manufacturers Association (USTMA), the national trade association for tire manufacturers in the U.S., anticipates that total 2017 U.S. tire shipments will decrease by less than one percent to 316.8 million units compared to 2016.

USTMA expects original equipment passenger tire shipments to decrease by 3.4 million units compared to 2016, while passenger replacement tire shipments are projected to increase by 0.8 million units.

Read the source article at Tire Review

Smithers Rapra Data Shows Steady Uptick in Global Tire Demand

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Expanding demand in the world tire market is expected across the next five years according to the latest exclusive data from Smithers Rapra.

The Future of Global Tires to 2022 is available for purchase now. Tire and Rubber Association of Canada members can receive a 15% discount on this definitive market strategy tool.

Its new definitive report – The Future of Global Tires to 2022 shows how worldwide 2.24 billion tires will be sold in 2017, with and overall value of $223 billion. Across the next five years the rate of volume demand will fall to 3.4% per year, down from 5.2% in the 5 years preceding. In contrast the rate of value increase will increase from 3.4% to 3.7% per annum reflecting:

  • Stabilisation of raw material pricings
  • The new added value innovation is adding to the industry in developed markets
  • Volume demand increases in transition economies with rising disposable incomes – especially China.

Smithers Rapra’s analysis tracks these trends across all:

  • Tire raw materials
  • Tire type and vehicle
  • Key national and regional geographic markets ,

Production in North America is growing, and outpacing domestic demand, as Asian and European companies continue to shift capacity here to be closer to automotive OEMs, and circumvent potential trade restrictions that some view as more likely with the 2017 change of US administration.

The region’s tire market will reach a value of $39.7 billion in 2017 – 236 million units.

In mature markets demand will be especially strong for materials that enable energy efficiency. For example, continuing improvements in lowering rolling resistance means demand highly dispersible silica (HDS) is set to increase at over 10% per year through to 2022. This will run in parallel to continuing interest in complimentary technologies, such as automated tire pressure monitoring systems (TPMS).

Winter tires now the fastest growing tire category in Canada

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Winter tire use is gradually rising, but driver education about safety benefits remains essential to wintertime accident prevention. Four-in-ten drivers outside Quebec still do not own winter tires.

Cambridge, November 14, 2017 – Winter tire shipments across Canada have grown at an annualized rate of four per cent over the past five years making winters the fastest growing tire category, according to the Tire and Rubber Association of Canada (TRAC).

The growth of this category is due to efforts by tire makers, retailers and the government to educate drivers about the superior traction and shorter stopping distances provided by winter tires. Government incentives to make winter tires more affordable have also had a positive impact.

TRAC’s 2017 Canadian Consumer Winter Tire Study, conducted by Leger, found that 66 per cent of Canadian motorists ride on winter tires. But outside Quebec, where winter tires are the law, the percentage drops to 60 per cent. For the approximately 40 per cent of motorists found by the survey not to be using winter tires, the top reasons were the belief that all-season tires provide sufficient traction (51 per cent), reduced driving in winter (22 per cent) and cost (21 per cent).

Regionally, the 2017 study found:

  • 60 per cent of British Columbia drivers ride on winter tires
  • Alberta’s usage rate is 57 per cent
  • In Manitoba and Saskatchewan usage stands at 48 per cent
  • 59 per cent of Ontario drivers use winters
  • In Atlantic Canada, where winter tire usage is surpassed only by Quebec, the usage rate is 83 per cent

To support consumer education, TRAC has just released a new report detailing winter tire use in Canada and the latest market and test data. Read the full 2017 Winter Tire Report here: http://bit.ly/Winter-Tire-Report-2017orwww.tracanada.ca.

“Despite increasing winter tire usage, educating drivers about the safety benefits of winter tires remains critical to making our roads safer in winter”, says Glenn Maidment, president of TRAC. “The fact that four-in-ten motorists outside Quebec are not using winter tires puts at risk everyone who drives in cold-weather conditions – regardless of whether the road surface is dry, snow-covered or icy. Every motorist needs to understand winter tires radically outperform all-seasons in all cold-weather driving conditions.”

The superior traction and braking capabilities of winter tires are the result of advanced tire technology, particularly in tread design and rubber compounds. These advances have improved traction performance across all tire categories, but especially for winter tires. The “soft” tread compounds in today’s winter tires retain their flexibility even in extreme cold. At temperatures at or below 7 degrees Celsius, winter tires provide significantly better traction than all other types providing greater control on all cold-weather road surfaces and significantly shorter stopping distances.

 

“Research by the Quebec government shows that, since the winter tire law was enacted, the province saw a significant decrease in injury accidents in the province,” says Maidment. “Imagine the massive reduction in vehicle damage and personal suffering during the winter driving season across Canada if all drivers protected themselves and their families with winter tires.”

Survey Methodology

A survey of 1,633 Canadians was completed online during the period of October 9–12, 2017, utilizing Leger’s* online panel, LegerWeb. A probability sample of the same size would yield a margin of error of +/-2.5%, 19 times out of 20.

 

About the Tire and Rubber Association of Canada

The Tire and Rubber Association of Canada (TRAC) is the national trade association representing tire makers, rubber products manufacturers and importers as well as rubber recyclers and suppliers of goods and services related to the industry. TRAC is committed to educating drivers about proper tire care and maintenance. A key advocacy goal in the cold-weather months is to raise awareness about safe winter driving and the safety and performance benefits of winter tires.

 

Media Contact:

 

TRAC Contact:

Email: info@tracanada.ca

Phone: 519.249.0366

www.tracanada.ca; www.betiresmart.ca

Twitter: @BeTireSmartCA

Facebook: betiresmartCA

 

Michelle Magee

Associate, Xposure PR

Email: michelle@xposurepr.com

Phone: (416)471-2336

Read the source article at CNW | www.newswire.ca

Global truck tire market to grow 4% to 2027

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Leatherhead, UK – Global truck tire demand is set to show 3.5% year-on-year growth over the next 10 years, according to Smithers Rapra.

In a new market report, the research firm estimates that the value in this market will come in at $107.6 billion this year and then reach $152.4 billion in 2027.

“Volume consumption of all truck tires will increase at a rate of 3.2% per year from 2017–2027, according to the market study. This estimate, it noted, allows…

Read the source article at European Rubber Journal

Smithers Rapra Hires New Technical Director

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Smithers Rapra, a leader in rubber, plastics and composites testing expertise, has named Matt Kent as technical director of the Smithers Rapra Tire & Wheel Test Center in Ravenna.

In this position, Kent is responsible for overseeing current force and moment testing operations, staff management and technical decision-making. Kent will also be in charge of the commissioning of a new MTS Flat Trac CT+ system in spring 2018.

Read the source article at Tire Review

Global Mining Tire Market – Competition Forecast & Opportunities, 2012 – 2022

NEW YORKOct. 12, 2017 /PRNewswire/ — Global Mining Tire Market By Vehicle Type (Dump Truck, Wheel Loader, Backhoe Loader, Motor Grader, Bulldozer, and Others), By Demand Category (OEM Vs. Replacement), By Region, Competition Forecast & Opportunities, 2012 – 2022

Read the full report: https://www.reportlinker.com/p05142055

Increasing government plans and programs aimed at boosting mining projects, surging demand for retreaded mining tires and expanding distributor and dealership network by tire manufacturers, coupled with adoption of radial tires due to several features such as their improved fuel efficiency, reduced wear and tear, etc., are some of the factors driving demand for mining tires globally.

Read the source article at PR Newswire