Goodyear launches tires containing next-gen silica

Goodyear Tire & Rubber Co. said it has begun using a next-generation silica to increase the fuel-efficiency of its tires. This new silica will be first used in the Goodyear EfficientGrip SUV tire, which is being launched this month in Latin American markets. While no timetable has been set for availability in North America, the tiremaker reports tires c

Source: 中国橡胶网

2015/05/07

Lanxess Corporation signs Harwick Standard as distributor of high performance elastomers

Lanxess Corporation is expanding its distribution network with the addition of Harwick Standard Distribution Corporation for its high performance elastomers (HPE) products in the eastern United States, effective May 1, 2015. The agreement includes the following Lanxess HPE products: Baymod NBR; Baypren CR; Keltan EPDM; Krynac NBR; Levamelt EVM; Levapren EVM;

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2015/05/05

Goodyear's sales decline but tire units climb

Goodyear recorded a drop in sales, but increased net income and tire unit volumes during the first quarter, it said April 29. The firm's sales came in at $4 billion for the quarter, down from $4.5 billion in 2014. Goodyear said it experienced a 2 percent increase in tire unit volumes to 40.8 million for the first quarter. Original equipment volume increase

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2015/05/04

Rubber surges on Shanghai Futures Exchange as stockpiles shrink in China

Rubber jumped the most in nine months as shrinking stockpiles in China and steps by the biggest producers to curb supplies bolstered speculation a global glut will dissipate. The commodity surged 5.5 percent on the Shanghai Futures Exchange, the daily limit and the biggest gain since July for a most-active contract, to close at 14,195 yuan ($2,288) a metric

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2015/04/30

Dynasol to expand into tire market

Synthetic rubber producers Repsol S.A. and Grupo Kuo S.A.B. de C.V. have agreed to revise and extend their joint venture, Dynasol Elastomers S.A., with the aim of making it a top 10 player in the global SR market, focused on developing products for the high-performance tire sector. The agreement is subject to regulatory approvals, the partners said. Spain&

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2015/04/29

Anticipated North American Goodyear plant to be built in Mexico

Goodyear President and CEO Richard Kramer, alongside Mexican President Enrique Peña Nieto and several other Mexican government officials, announced Friday that The Goodyear Tire & Rubber Co. will build a new $550 million tire plant in Mexico’s San Luis Potosi state to serve its customers in the Americas. The plant, which will be operational

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2015/04/28

Michelin announces first quarter profit and stock buyback program

Michelin & Cie. rose the most in 19 months in Paris trading after reporting better-than-expected quarterly sales and announcing a EUR 750 million ($801 million) stock-buyback program. Michelin jumped as much as 6 percent in the steepest intraday gain since September 19, 2013, and was up 5.4 percent at EUR 100.95 as of 9:53 a.m. The stock, which is tradin

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2015/04/27

Regional Indian finance minister demands a ban on rubber imports

Pressing for an immediate ban on rubber imports to save domestic cultivators from falling prices, Kerala Finance Minister K.M. Mani demanded the center to allocate Rs 500 crore for a stabilization fund to procure excess rubber locally. Mani, who met Prime Minister Narendra Modi, also pressed for revision of import duty for rubber to 25 percent from the prese

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2015/04/24

Semperit expands hose facility in Czech Republic

The Semperit Group is investing approximately EUR 15 million to further expand its hose production at the Semperflex facility in Odry, Czech Republic. The investment programme launched now will increase production capacities of industrial hoses by about 40 percent by the second quarter of 2016. Even after the recent coming on stream of additional hydraulic h

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2015/04/22

Survey: Tire Dealerships Slowly Adopting Internet Technology

Tire dealerships could be doing more to make the online experience better for customers, according to market intelligence service Tire Intelligence. The service conducted a survey of 150 U.S. tire dealerships – primarily independents with multiple locations – during Q1 2015 to gauge tire dealership’s adoption of Internet technologies. The

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2015/04/21

China natural rubber prices on April 20

  Commodity Sectors Price Date Natural rubber Rubber & plastics 12146.67 2015-04-20 Natural rubber Rubber & plastics 12140.00 2015-04

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2015/04/20

NHTSA standardizes tire identification number for tires sold in U.S.

The National Highway Traffic Safety Administration (NHTSA) announced a final rule to standardize the Tire Identification Number (TIN) imprinted on tires sold in the U.S. The new regulation creates a 13 digit TIN for new tires and seven digit TIN for retreaded truck tires. NHTSA initiated the rulemaking because it had exhausted the number of two-digit plant c

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2015/04/17

Goodyear expands operations in China

Goodyear is making strides to further expand its base in China and the Asia-Pacific region. It recently opened the company's first development center in China to help service auto makers in that part of the world, and it revealed plans to boost capacity there. Located adjacent to the firm's expanding tire production factory in Pulandian, China, the devel

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2015/04/16

ChemChina secures additional Pirelli shares

ChemChina has reached an agreement to acquire additional Pirelli stock. ChemChina agreed on Monday to purchase a 1.574% stake in Pirelli held by Edizione Srl, according to a Reuters report. The agreement with the Italian tiremaker boosts ChemChina’s ordinary shares of Pirelli under contact to more than 30%. Last month, the Chinese company announced i

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2015/04/15

China rubber sector growth to slow in 2015

China’s rubber sector will experience slower growth in 2015, China Rubber Industry Association Chairman Deng Yali said during her speech at the recent 2015 China Rubber Conference in Guangzhou. In her comments, she mentioned output, export volume and export value will slow down in 2015. “However, the output of segments with high added value and

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2015/04/14

Lanxess brings new EPDM plant online in China

German specialty chemicals company LANXESS has successfully started its new EPDM plant in Changzhou (Jiangsu Province), China. With the gradual ramp-up of the new plant LANXESS completes its global EPDM (ethylene propylene diene rubber) asset base. Over the next months LANXESS will be running sampling and approbation processes with customers. The new plant w

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2015/04/13

Apollo Starts Construction at Hungary Plant

Apollo Tyres began construction at its first European greenfield facility recently with a foundation stone laying ceremony. The plant in Gyöngyöshalász, Hungary, is expected to start production in early 2017.  “This is a significant milestone for us at Apollo Tyres, considering that a few years back we didn’t have any prese

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2015/04/10

Rubber plantations totaling 11,000 hectares developed in Nagaland, India

India's land resources department is promoting rubber plantation on a large scale in Nagaland in view of the high environmental and economic benefit. “Rubber is successfully cultivated in the foothill areas and valley lands of the state with excellent result,” according to the annual administrative report 2014-15 of the department of land resour

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2015/04/09

Funding bill uncertainty clouds trucking's outlook

The commercial truck sector finished 2014 on a positive note, with vehicles sold, tonnage shipped, etc, all on an upswing. Forecasting the industry's fortunes for the near or longterm, however, is becoming increasingly intertwined with Congress's inability to agree on how to fund the nation's growing need for infrastructure investment. That uncertainty

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2015/04/08

Federal-Mogul to build plant in China

Federal-Mogul Holdings Corp.’s Powertrain Division will build a new sealing and gasket manufacturing facility in Nanchang. The firm said the 258,000-sq.-ft. facility will double the capacity of its current sealing manufacturing operations in Nanchang in response to growing demand from Chinese original equipment manufacturers to meet stringent environm

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2015/04/02