Griswold board elects new CEO

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MOOSUP, Conn.—Griswold L.L.C.’s board has elected David Natorski as the firm’s CEO, effective June 1. He will replace current CEO Daniel P. Mahoney, who is retiring.

“David has been intimately involved in every aspect of our business and has most recently led the company’s expansion into Asia,” said Henry Hortenstine, chairman of Griswold’s Board of Managers. “We are excited to have such an accomplished executive available to continue Griswold’s track record of success.”

Natorski has worked for Griswold for more than 33 years in various sales and management positions since being hired in 1984 by Larry Sarni, past president and co-founder of the company. He has spearheaded both the company’s growth strategy and its collaborative approach to product development.

Read the source article at Rubber and Plastics News

Titan thanks US government for ‘diligence’ in reviewing tyre subsidies

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Titan International has commented on the final results of the US Department of Commerce’s (DOC) review of imported OTR tyres from China in 2014 and 2015, which show the Chinese government increased the level of subsidies it gave tyre makers, enabling their products to continue selling in the US market at what the tyre maker calls a less than fair value.

“These results confirm our belief that the levels of government subsidisation had significantly increased and that the amount of dumping has continued,” said Paul Reitz, president and chief executive officer of Titan International. “The continued monitoring by the DOC of these orders and the imposition of accurate amounts of countervailing and antidumping duties is an important step in restoring conditions of fair trade. We will continue to work with the DOC to insure that any and all subsidisation and dumping by Chinese producers is met by appropriate duty levels. We have been fighting and will continue to fight against the unfair trade practices of any US trading partners.”

The results’ release updates the level of duties imposed on OTR tyre imports to counteract the most recent levels of subsidisation and dumping identified by the Department of Commerce. The identified levels of subsidisation have increased dramatically since they were last analysed. Specifically, the department found subsidy levels, which previously ranged from 2.52 per cent to 5.65 per cent, to be 34.46 per cent to 46.01 per cent in the recent review. The Department of Commerce has also continued to find that Chinese producers are selling at amounts significantly below their costs.

Read the source article at Tyrepress

Isri, Rma oppose Conn. recycling proposals

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HARTFORD, Conn. — The Rubber Manufacturers Association and Institute of Scrap Recycling Industries are opposing proposals from the Connecticut legislature that would create Extended Producer Responsibility systems for tire recycling.

Read the source article at Tire Business

Jim Cramer – 6 things causing the market’s spring slowdown

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For Jim Cramer, Thursday’s big bank earnings reports could not be more important to this ailing market. For over 36 years, the stock market has edged up, resulting in overall higher prices and an eight-year streak of bullish sentiment. “But every big move, every move that had really any impact, always had the banks as one of the major leadership groups,” the “Mad Money” host said.

 

Read the source article at cnbc.com

Pirelli Introduces the “66” Promotion

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Pirelli Introduces “66” Sales Promotion on NIGHT DRAGON™ or MT 66 ROUTE™ Model Motorcycle Tires Today, Pirelli unveiled a special, limited-time promotion that offers motorcyclists the chance to save big when purchasing a set of street or road racing tires from participating dealers across the nation. Riders can score a $66 prepaid card when purchasing a set (a front …

Read the source article at cycleworld.com

Michelin CrossClimate: A New Type of Tire

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The majority of automobiles in the U.S. carry all-season tires. Enthusiasts sometimes refer to them by another name — no-season tires — as most don’t perform particularly well in either the summer or the winter, sacrificing top-level performance in order to work marginally well in all conditions. In Europe, it’s all about summer tires. If you live where it gets cold and snowy, you buy a second set of dedicated winter tires.

Many European drivers wouldn’t put up with the typical U.S-spec all-season tire’s braking and handling characteristics in warmer weather but still need a proper winter-rated tire. Michelin claims to have the answer with their latest European-market CrossClimate (and the updated CrossClimate+). I hit up the Michelin North America (NA) communications team for further information and to see if this new tire has a place on our side of the Atlantic.

Read the source article at Claire Magazine

Goodyear to raise prices for second time in 2017

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Akron, Ohio – For the second time this year, Goodyear will increase prices across of all its brands in the US and Canada.

In an email statement 4 April, the tire maker said it will increase prices by approximately 6% beginning 1 May. This is in addition to a previously announced price increase that took effect 1 Feb.

According to a company spokesperson, the rising costs of raw materials is a key factor driving the second price hike.

Raw materials costs have been a driving force that has…

Read the source article at European Rubber Journal

Sumitomo seeks tax breaks for tire plant expansion

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As Sumitomo Rubber USA prepares for the first phase of a major expansion of its Tonawanda tire plant, company officials are asking for sales and property tax breaks to assist the costly project.

A subsidiary of the Japanese company has applied to the Erie County Industrial Development Agency for an incentive package that includes $245,000 in sales tax breaks on materials purchase and a payment-in-lieu-of-taxes plan for the property, located on a vacant courtyard at 3333 River Rd. and 10 Sheridan Drive.

Sumitomo in October 2015 took full control of the former Goodyear Dunlop Tires North America plant, after buying out its longtime partner.

Now the tiremaker plans to double its consumer production capacity in Tonawanda from 5,000 per day to 10,000 by 2019, and eventually to 17,000. It wants to invest $87 million over the next three years, so it can make more of its tires locally for the North American market rather than importing them from its production facility in Thailand.

To do so, though, it needs additional facilities to increase its manufacturing footprint and add equipment for mixing, bead building, tire building, curing, finishing and extrusion. Plans call initially for the construction and equipping of a 35,000-square-foot building to meet that demand, since the current facilities are full. …

Read the source article at The Buffalo News

Bridgestone Launches New Firestone

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Bridgestone Americas has added a new tire to its Firestone line. The Firestone All Season is designed to give drivers reliable traction and confident handling all year long, Bridgestone said.

“We designed and introduced the Firestone All Season tire based on driver feedback and independent dealer requests for a trusted all season tire offering at an affordable price,” said Erik Seidel, president of consumer replacement tire sales in U.S. & Canada.

Read the source article at Tire Review

Conti Sponsoring North Carolina FC

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Continental Tire the Americas is expanding its soccer sponsorship, signing with the North Carolina FC and North Carolina Courage.

As part of the sponsorship, the Continental logo will appear on the back of both men’s and women’s jerseys. Additionally, the tiremaker will receive in-stadium exposure at the team’s home stadium WakeMed Soccer Park, located in Cary, N.C.

Read the source article at Tire Review