TORONTO — Ontario Minister of Economic Development Brad Duguid said Canada is “fortunate” to begin a NAFTA dialogue with the Trump administration “from a position of absolute strength.” Over the first three quarters of 2016, Ontario’s real GDP growth has outpaced that of Canada’s and all other G7 countries. The province’s unemployment rate is also at its lowest in eight years, Duguid said.
ANDERSON, Ind. — A company that imports tires from China has purchased a former General Motors plant in Indiana as a site to service its business customers.
Anderson economic development director Greg Winkler says Houston-based Sutong China Tire Resources is in the process of upgrading the 330,000-square foot building.
Resource Commercial Real Estate says the company plans to have 20-40 workers at the site, where it will service the utility and RV trailer industry, large retail chain stores and independent tire retailers and wholesalers. The (Anderson) Herald Bulletin reports no financial details were released.
Miramar, Fla.-based Simtec Silicone Parts LLC is starting a production process that integrates parts made of three materials — a metal, liquid silicone rubber and a thermoplastic — into one component within one manufacturing cell.
A breakthrough in LSR tooling technology enables the combination of multiple materials in a single production cell and the company is about to use it for a new application, Simtec President Enrique Camacho said in a telephone interview.
“A revolutionary approach for the integration of functions and materials is starting production at Simtec. It’s the first of its kind in the world for this particular application,” Camacho said.
He said he can’t identify the product or customer because of a confidentiality agreement but he could talk about the technology that is moving the company beyond overmolding LSR onto a thermoplastic substrate to also incorporating a metal part.
“We are redefining the LSR two-shot manufacturing process to LSR multi-shot,” Camacho said.
SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Carlisle Companies Incorporated (NYSE:CSL) reported record net sales of $893.5 million for the fourth quarter of 2016, a 2.0% increase from $876.2 million in the fourth quarter of 2015. Net sales from the acquisitions of Micro-Coax, Inc. (Micro-Coax) and Star Aviation, Inc. (Star Aviation) in the Carlisle Interconnect Technologies (CIT) segment, and MS Oberflächentechnik AG (MS Powder) in the Carlisle Fluid Technologies (CFT) segment, contributed a total of 2.0% to net sales in the fourth quarter of 2016. Organic net sales (defined as net sales excluding both sales from acquisitions within the last twelve months and the impact of changes in foreign exchange rates versus the U.S. Dollar) grew 0.5%. Fluctuations from foreign exchange had a negative impact to net sales of 0.5%.
“On January 31st we announced the acquisition of Arbo Holdings Limited (Arbo), a leading provider of sealants, coatings and membrane systems based in Belper, England. Arbo complements our leading position in EPDM (rubber) roofing systems in Europe and adds new products to our weatherproofing offerings used to improve the thermal performance of buildings. We are pleased to welcome the Arbo team to Carlisle.
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Non Tire Rubber market analysis is provided for the United States markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed.
PITTSBURGH, Feb. 8, 2017 /PRNewswire/ — Koppers Holdings Inc. (NYSE: KOP) intends to release its fourth quarter 2016 financial results before the opening of the markets on Thursday, Feb. 23, 2017, and discuss its results on a conference call later that day at 11:00 a.m. Eastern Time. Presentation materials will be available online at least 15 minutes before the call.
Interested parties may access the live audio broadcast by dialing 866-719-0110 in the United States/Canada, or 719-234-0008 for international, Conference ID number 4441959. Investors are requested to access the call at least five minutes before the scheduled start time in order to complete a brief registration. An audio replay will be available approximately two hours after the completion of the call at 888-203-1112 or 719-457-0820, Conference ID number 4441959. The recording will be available for replay through March 24, 2017.
The live broadcast of the Koppers conference call will be available online: http://edge.media-server.com/m/p/opof589q. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your internet browser’s URL address field.)
OLYMPIA, Wash. (Feb. 10, 2017)— A newly issued analysis from the Washington State Department of Health (WSDOH) concluded there is no evidence that cancer rates among young athletes are increased by playing on crumb rubber athletic turf.
“We did not find the number of cancers among soccer players, select and premier players or goalkeepers reported to the project team to be higher than expected based on Washington cancer rates for people of the same ages,” said the executive summary of the analysis from the WSDOH.
A coalition of three synthetic turf associations — the Recycled Rubber Council (RRC), the Safe Fields Alliance and the Synthetic Turf Council — said they were pleased but not surprised by the results of the WSDOH analysis.
Alliance Tire Americas Inc. (ATA) will raise the prices of its OTR and commercial products by 8%, effective April 1, 2017. Specific changes will vary depending on the product line and segment, ATA notes.
Like the other tiremaker raising tire prices, ATA also attributed the price increase to the escalating costs of raw materials.
“ATA is committed to making sure that our customers are receiving high-quality, application-specific, purpose-built tires at the most economical costs possible,” said James Clark, president or Alliance Tire Americas. “Due to the significant increases in the cost of natural rubber and other raw materials used in tire production, we are required to increase our prices at this time.”
Canada and the U.S. have knitted together one of the world’s most integrated economies since signing free trade agreements 30 years ago, trading everything from fertilizer to oil, auto parts to drugs. As Prime Minister Justin Trudeau heads to Washington to meet President Donald Trump today, Canadian companies are hoping it doesn’t all unravel in a trade war.
Trump’s pledge to renegotiate the North American Free Trade Agreement and his support for a “major border tax” threatens to disrupt $541 billion in trade between the two countries, potentially driving up costs and crimping profits for some of Canada’s biggest companies including Suncor Energy Inc. and auto parts supplier Magna International Inc.
“Any impediment to seamless trade across the border between Canada and the U.S. would have a negative impact on the price of vehicles to the buying public and be negative to everybody,” Don Walker, CEO of Aurora, Ontario-based Magna, said in an interview at Bloomberg’s Toronto office last week. Magna is the biggest parts supplier to General Motors, Ford Motor Co. and Fiat Chrysler Automobiles.
It’s happening! The USITC has this week confirmed it believes the U.S. tire industry is being “materially injured” by imports of off-the-road tires from India and Sri Lanka, upholding a finding of the Department of Commerce.
As a result, some Indian OTR tire manufacturers (although, significantly, not BKT’s Balkrishna) will pay a 3.67 percent anti-dumping tariff.
BKT will pay countervailing duties of 5.36 percent though. Alliance Tires Pvt. Ltd. will pay 4.9 percent and all other Indian tire manufacturers will pay a 5.06 percent tariff.
Sri Lankan tire makers will pay countervailing duties of 2.18 percent.
The USITC and DOC found that tires are being sold in the United States at less than fair value and were being subsidized by the governments of India and Sri Lanka. The anti-dumping duty order on imports of these products from India and countervailing duty orders on imports of these products from India and Sri Lanka is designed to counter that.
Tires that entered the United States from these countries prior to June 20, 2016, will not be subject to retroactive countervailing duties.