MEMA promotes Long to lead supplier group

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WASHINGTON — The Motor & Equipment Manufacturers Association on Monday tapped William Long as its new president. He replaces Steve Handschuh, who retired in December. The umbrella organization represents automotive suppliers, aftermarket suppliers, heavy duty truck manufacturers and remanufacturers that collectively employ 4.6 million people.

Read the source article at Front Page

Germany ready to buy company stakes to safeguard under-threat industry | Reuters

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BERLIN (Reuters) – Germany could take stakes in companies to prevent foreign takeovers in some key technology areas, Economy Minister Peter Altmaier said on Tuesday, presenting a new industrial strategy he said was necessary for the country’s cohesion. The pivot to a more defensive industrial policy is driven by German concerns about foreign – particularly Chinese – companies acquiring German know-how and eroding the manufacturing base on which much of Germany’s prosperity is built.

Read the source article at reuters.com

US now finds against China truck & bus tires

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Washington –  The US International Trade Commission (ITC) has reversed its original opinion on truck and bus tires from China, voting 3-2 on 30 Jan that these imports had caused ‘material injury’ to its tire industry.

The findings, filed with the US Court of International Trade (CIT), reverse the ITC’s original ‘negative’ determination on Chinese truck and bus tires in February 2017.

Read the source article at European Rubber Journal

TTE Preview – Tire materials

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ERJ previews materials technologies lined up for the Tire Technology Expo 2019 trade fair and conference, taking place 5-7 March at the Deutsche Messe, Hanover, Germany:

In the tire materials arena, Kuraray will showcase its interesting liquid Farnesene rubber – said to be the first liquid polydiene based on naturally sourced farnesene.

Read the source article at European Rubber Journal

Continental expects first-half dip in automotive markets

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HANOVER, Germany — Continental A.G. is bracing itself for a rough first half of 2019 as it expects a slowdown in vehicle production in the last few months of 2018 to continue throughout the first half of 2019.

Read the source article at Tire Business

Canada lawmakers want to question GM CEO Mary Barra

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Members of Canada’s parliament want to question General Motors CEO Mary Barra about the automaker’s future in their country. The House of Commons Standing Committee on Industry, Science and Technology approved a request Tuesday to have Barra “come before committee and explain GM’s future and continued commitment to the Canadian automotive and manufacturing industry in Canada.” Ontario New Democratic Party member Brian Masse filed the motion, which was passed by the all-party committee.

Read the source article at Front Page

Top rubber growers mull cutting exports 300,000 tons: Indonesia

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JAKARTA (Jan 16): A technical team at the International Tripartite Rubber Council has proposed cutting shipments of natural rubber by 300,000 tons this year as part of efforts to improve prices, says Oke Nurwan, director general of foreign trade at Indonesia’s Trade Ministry.

Read the source article at The Edge Markets

EU warns U.S. of major hit to its exports if car tariffs imposed

BRUSSELS — The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to countermeasures by its trading partners on $294 billion of U.S. exports. In a 10-page submission to the U.S. Commerce Department sent last Friday, the EU said tariffs on cars and car parts were unjustifiable and did not make economic sense.

Read the source article at Automotive News Europe

Lanxess launches online marketplace for chemicals trading

Cologne, Germany – German polymers & chemicals maker Lanxess AG has launched an online marketplace for chemical products.

Headquartered in Cologne, CheMondis is a wholly owned subsidiary of Lanxess, but has its own workforce, branding and IT systems.

The trading hub is set up as “a cross-manufacturer and cross-dealer B2B platform on which products can be bought and sold,” Lanxess announced 22 Jan.

Read the source article at European Rubber Journal

Each year, billions of tonnes of goods traverse oceans on sh

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Each year, billions of tonnes of goods traverse oceans on ships the size of warehouses. With the spread of globalisation, the volume of goods traded by sea has grown by 300 percent since the 1970s, according to the United Nations Conference on Trade and Development (UNCTAD). Today, ships carry more than 80 percent of all goods. …

The shipping industry is vital to modern life, but it is also responsible for emitting around a billion tonnes of carbon dioxide (CO2) a year. As part of the International Maritime Organisation’s (IMO) broader plan to clean up the industry in the coming decades, ships will be required to reduce their sulphur emissions by more than 80 percent from 2020. Changing the rules for a sector that guzzled half of the world’s total demand for fuel oil in 2017 will have a significant knock-on effect for the entire oil value chain, impacting everyone from truckers and airlines to ordinary consumers.

 

Read the source article at hellenicshippingnews.com