Conti expects modest rises in tire-demand during 2018

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Hanover, Germany – Continental AG expects demand for passenger car tires and light commercial vehicles replacement tires to grow 3% in 2018, according to its annual report.

“The Asian market is expected to contribute around 60% of this increase, with growth of 5%,” said the German tire and technology supplier.

Market expansion, it added, will be primarily driven by China – as in previous years – with further growth in vehicle parc.

Read the source article at European Rubber Journal

Bibendum Builds Momentum As Michelin Becomes World’s Most Valuable Tire Brand

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Michelin has become the world’s most valuable tire brand following 30 percent brand value growth to $7.9 billion over the past year according to the latest Brand Finance report. It overtook Bridgestone (down 6 percent to $7 billion), which slipped from first to second place in the annual Brand Finance Tyres 10 ranking.

Read the source article at Aftermarket News

Continental re-enters farm tire market with new introductions

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Hanover, Germany—A little more than two years after it confirmed plans to re-enter the farm tire market, Continental AG has launched its first two standard ag tires, the Tractor 70 and 85, and said they’d be available in North American this summer.

The premium radial drive tires are available initially in 14 sizes, a fraction of the 100 sizes Conti said it will offer in its radial and bias-ply tire portfolio by 2019.

The tires…

Read the source article at European Rubber Journal

Stapleton’s: With SUVs driving sales, more opportunities to sell exclusive brand tyres

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Over the last year or so it has been broadly noted that the SUV/4×4 sector of the tyre market has been impressively resilient. Not just from the relatively local impact of the UK’s Brexit vote and resulting inflation and slump in certain motor vehicle sectors (in the UK at least). The tyre industry’s also been faced with escalating raw materials costs at a global level.

Read the source article at Tyrepress

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).