Cooper Tire announce fourth quarter and full year results

For the year ended December 31, 2014, Cooper Tire & Rubber Company announced that net income attributable to Cooper Tire & Rubber Company was $214 million, or $3.42 per share, versus $111 million, or $1.73 per share, in 2013. The results include a gain of $56 million net of tax from the sale of the company’s 65 percent interest in a joint ventu

Source: 中国橡胶网

2015/02/25

Michelin’s net sales down year on year

Groupe Michelin reported net sales down year over year for 2014, with sales for the year amounting to €19,553 million (approximately $22,128 million USD) compared with €20,247 million (approx. $22,913 million USD) in 2013. The tiremaker said the figure includes a €304 million negative currency effect and the €75 million negative effect of

Source: 中国橡胶网

2015/02/12

Giti raising P/LT tire prices again

Giti Tire (USA) Ltd. has raised prices 5.5 percent on all passenger and light truck tires sold in the U.S., the second price increase Giti has announced since the U.S. imposed anti-dumping duties on Giti tires from China in early December. “We appreciate the outstanding relationships we’ve developed with many of the country’s top tire deal

Source: 中国橡胶网

2015/02/10

Bridgestone Technical Center Europe develops new VT-Tractor agricultural tir

The Bridgestone VT-Tractor was developed and tested at Technical Center Europe (TCE) near Rome, Italy, Bridgestone's European development center, and is manufactured exclusively at the Puente San Miguel (PSM) plant in Spain. TCE plays a leading role in materials research, tire design, the manufacture of prototypes and all forms of indoor testing. Within a t

Source: 中国橡胶网

2015/02/09

Purcell opens service center in Kansas City

Purcell Tire Co. has expanded into Kansas City, Mo., with the opening of a Purcell Tire and Service Center located between Missouri Routes 269 and 210. “We recognized Kansas City as being a vibrant and active commercial market; we are excited about this latest acquisition,” said Roger Lucas, CEO of Purcell Tire Co. “Kansas City is a natura

Source: 中国橡胶网

2015/02/05

China rubber group to appeal anitidumping duties

The China Rubber Industry Association is organizing an appeal by domestic tire makers against the recent U.S. decision to impose heavy antidumping duties on passenger and light truck tires imported from China. “To issue such high duty rates would impair China’s tire manufacturing sector as well as harm the interests of American consumers,”

Source: 中国橡胶网

2015/02/04

University of Calgary scientests research natural rubber production in lettuce

The humble lettuce has been shown to hold the key to producing a new form of natural rubber thanks to seven years of painstaking research by scientists at the University of Calgary. Associate professor Dae-Kyun Ro and PhD student Yang Qu, from the university’s department of biological science, made the breakthrough they believe will eventually lessen t

Source: 中国橡胶网

2015/02/03

China natural rubber prices on January 29

Commodity Sectors Price Date Natural rubber Rubber & plastics 12166.67 2015-01-29 Natural rubber Rubber & plastics 12186.67 2015-01-28

Source: 中国橡胶网

2015/01/30

Anti-dumping Duties In Effect

Preliminary anti-dumping duties for certain passenger and light truck tires imported from China went into effect Jan. 27, 2015. With the ruling published in the Federal Register, manufacturers and importers of Chinese passenger and light truck tires must now pay anti-dumping duty rates ranging from 19.17% to 87.99% before adjustments, retroactive to 90 days

Source: 中国橡胶网

2015/01/29

Expert: Chinese tire makers may increase trade with Europe

A prominent European tire industry representative said recently he believes Chinese tire makers will seek to increase trade with Europe following the imposition by the U.S. of import duties on their products. “In general, we assume that they (the Chinese] will try to intensify sales in Europe,” said Hans-Jurgen Dreschler, CEO of Germany’s

Source: 中国橡胶网

2015/01/28

TBC to acquire Del-Nat inventory, assets

TBC Corp. has confirmed it plans to acquire the tire inventory from Del-Nat Tire Corp. along with certain other assets, including the ownership of all Del-Nat brands and trademarks. The parties did not disclose financial terms of the deal. Memphis-based Del-Nat originally had notified its shareholders in late December of a pending deal with TBC. TBC said a

Source: 中国橡胶网

2015/01/27

Cabot realigns its global business segments

Cabot Corporation announced that it has realigned its global business segments. The new segment structure is designed to improve efficiency and resource prioritization. It will also enable stronger customer focus and better align with the recently announced organizational structure. The company is organized into four segments that now include Reinforcement M

Source: 中国橡胶网

2015/01/26

RMA Aims to Rid Roads of Unsafe Used Tires

The Rubber Manufacturers Association announced its support of efforts by states to rid the roadways of unsafe used tires. Indiana, Florida, Georgia, New Jersey, Oklahoma, South Carolina and Texas will consider bans on the sale of unsafe tires this year, according to RMA. “Safety is the highest priority for the tire industry,” said Dan Zielinski,

Source: 中国橡胶网

2015/01/23

Yokahoma Rubber subsidiary honored for environmental work

Hangzhou Yokohama Tire Co. Ltd., a subsidiary of the Yokohama Rubber Co. Ltd., has been certified as a Hangzhou City Environmental Education Base by authorities in Hangzhou City, Zhejiang Province, China. According to Yokohama, about 300,000 companies have operations in Hangzhou City, but only 30 have been certified as Environmental Education Bases. The Yok

Source: 中国橡胶网

2015/01/22

Antidumping determination on Chinese tires due Jan. 21

The U.S. Commerce Department will issue its preliminary antidumping determination on passenger and light truck tires imported from China on Jan. 21 as scheduled, Commerce said in an advisory Jan. 20. The investigation is limited to new pneumatic rubber tires with a passenger or light truck designation, Commerce said. The agency, through its International Tr

Source: 中国橡胶网

2015/01/21

India to boost rubber growth in Tripura region

To meet India's growing demand for natural rubber, the government is giving greater impetus to rubber cultivation in areas like Tripura, Commerce and Industry Minister Nirmala Sitharaman has said. Tripura is the second largest rubber producer in the country after Kerala. "To meet domestic demands, India has been importing rubber. Therefore, the governm

Source: 中国橡胶网

2015/01/20

China natural rubber prices on January 16

Commodity Sectors Price Date Natural rubber Rubber & plastics 12063.33 2015-01-16 Natural rubber Rubber & plastics 12096.67 2015-01-15

Source: 中国橡胶网

2015/01/16

Nexen to Supply OE for Fiat 500X

Nexen Tire will be supplying Fiat-Chrysler Automobiles with OE tires for the Fiat 500X crossover vehicle. The tiremaker will shoe the vehicle with its CP671 tire in North America. The CP671 features mileage performance for long-distance driving and upgraded noise reduction technology, Nexen said. In addition to the 500X, the CP671 is also OE for the 2014 Ch

Source: 中国橡胶网

2015/01/15

Giti raising prices on China-sourced tires

Giti Tire (USA) Ltd. raised prices 9.5 percent Jan. 1 on all passenger and light truck tires it sources from China, due to the elevated countervailing duties imposed on Giti by the U.S. government. Tires that Giti imports from China are being charged a duty of 11.74 percent, according to the U.S. Commerce Department’s revised duty schedule announced D

Source: 中国橡胶网

2015/01/14

Pirelli signs new EUR 1 billion line of credit

Pirelli signed a new revolving and term loan multicurrency facility worth a total of EUR 1.0 billion and with a maturity of five years. The facility replaces an existing EUR 1.2 billion revolving line of credit which expires in November 2015 and which, as a consequence, will be cancelled in advance. The new revolving credit line totals EUR 800 million, while

Source: 中国橡胶网

2015/01/13