Cooper Tire completes CCT sale

Cooper Tire & Rubber Co. has completed the sale of its 65-percent interest in its Cooper Chengshan (Shandong) Tire Co. Ltd. (CCT) joint venture to China's Chengshan Group Co. Ltd. for approximately $262 million. The sale price is net of taxes and includes dividends in accordance with the previously announced option agreement, Cooper said. The deal inc

Source: 中国橡胶网

2014/12/09

Bridgestone Americas settles patent infringement suit against TreadWright

Bridgestone Americas Tire Operations, LLC reached a settlement with TreadWright, LLC and TreadWright Tires, LLC of Houston, TX, regarding the alleged infringement of Bridgestone’s licensed design patent rights. TreadWright, LLC and TreadWright Tires, LLC product offerings included a line of retreaded light truck tires that Bridgestone alleged infringed

Source: 中国橡胶网

2014/12/08

China natural rubber prices on December 3

Commodity Sectors Price Date Natural rubber Rubber & plastics 11566.67 2014-12-03 Natural rubber Rubber & plastics 11566.67 2014-12-02

Source: 中国橡胶网

2014/12/04

Tire importers disappointed in U.S. decision

Importers/marketers of Chinese-sourced passenger and light truck tires are collectively “disappointed” in the U.S. Department of Commerce's decision to impose countervailing duties on consumer tires imported to the U.S., but those that have commented are vowing to stay active in the marketplace. While many importers/marketers have thus far decl

Source: 中国橡胶网

2014/12/03

Cooper CCT venture pricetag: $262M

Cooper Tire & Rubber Co. has completed the sale of its 65-percent interest in its Cooper Chengshan (Shandong) Tire Co. Ltd. (CCT) joint venture to China’s Chengshan Group Co. Ltd. for approximately $262 million. The sale price is net of taxes and includes dividends in accordance with the previously announced option agreement, Cooper said. The dea

Source: 中国橡胶网

2014/12/02

Michelin opens its airless radial tire plant

Michelin marked the opening of its newest plant in North America, which will produce the innovative Michelin X Tweel Airless Radial Tire for commercial applications. An idea first conceived by Michelin research engineers in the United States, the Tweel is a revolutionary non-pneumatic tire that changed the configuration of a conventional tire, bringing toget

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2014/12/01

Toyo Tire & Rubber Company files trademark infringement suit against Toyomoto Tire Corp.

Toyo Tire & Rubber Co., Ltd., and its U.S. subsidiaries filed a trademark infringement action on November 4, 2014, against Japan Toyomoto Tire Corp., a Chinese corporation, and its affiliates. Toyo Tires filed the action against Toyomoto in the United States District Court for the District of Nevada, where both companies had exhibitor booths at the annua

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2014/11/28

China Reacts to Duties Ruling

The Chinese tire industry has voiced its concerns regarding the Commerce Department’s recent ruling – a 15.69% preliminary countervailing duties on consumer tires produced in China and exported to the U.S. According to China Daily Information Co., the China Rubber Industry Association is urging the U.S. government to take measures against the ant

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2014/11/27

Continental launches two tire lines in India

Continental A.G. has launched its newly developed ContiMaxContact MC5 and ContiComfortContact CC5 premium passenger car tire lines in India. The company announced in a statement that it has established a new passenger car and light truck tire line at its existing plant at Modipuram, with an initial capacity of 800,000 tires per year with further expansion p

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2014/11/26

Prelim countervailing duties on China tires issued

The U.S. Department of Commerce has set the preliminary countervailing duty subsidy for Chinese consumer tires at 15.69 percent and set the final determination for April 6, 2015. As a result of the preliminary affirmative determination, Commerce said it will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rate

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2014/11/25

Malaysia, Indonesia and Thailand plan regional rubber market

Three major world rubber producers, Malaysia, Indonesia and Thailand, are targeted to set up a regional rubber market within the next 18 months. Plantation Industry and Commodities Minister Datuk Amar Douglas Uggah Embas said the framework for the rubber futures market is completed, but it still needs some fine-tuning. The regional rubber market would provid

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2014/11/24

China natural rubber prices on Novembe 20

Commodity Sectors Price Date Natural rubber Rubber & plastics 11716.67 2014-11-20 Natural rubber Rubber & plastics 11670.00 2014-11-19

Source: 中国橡胶网

2014/11/21

Bridgestone Opens Giant OTR Tire Plant in S.C.

It is the largest single capital investment ever by Bridgestone Corp. and part of the single largest capital project ever undertaken in the state of South Carolina. And yesterday, just over three years after Bridgestone Americas announced the project, the tiremaker took the wraps off of its shiny, new 1.5-million-square-foot giant radial OTR tire plant in Ai

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2014/11/20

Sumitomo reports slight increase for third quarter

Sumitomo Rubber Industries Ltd. reported marginal increases in operating and net income for the quarter ended Sept. 30 on 7.6 percent higher sales. The third quarter gains were considerably below those in the first and second quarters, SRI figures show, while the sales gain was on par with the earlier quarters. Despite the lower third quarter gains, Sumito

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2014/11/19

Triangle sets up U.S. distribution JV, new brand strategy

China’s Triangle Tyre Group Co. Ltd. has established a joint venture with Oriente Triangle Latin America Inc., its Latin American distributor, to be its primary tire distributor in the U.S. Triangle Tyre owns 70 percent of the new company, Triangle Tire North America L.L.C. (TTNA), which will work alongside it to develop a branding strategy for the ti

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2014/11/18

India's natural rubber imports surge 27 percent in October

Natural rubber imports in October surged 27.7 percent from a year ago to 36,865 metric tons, the state-run Rubber Board said, as a drop in the production prompted tire makers to increase overseas purchases. The country's production in the month fell 32.6 percent on year to 58,000 metric tons, as some farmers skipped tapping after prices fell to their lowest

Source: 中国橡胶网

2014/11/17

China natural rubber prices on November 13

Commodity Sectors Price Date Natural rubber Rubber & plastics 11676.67 2014-11-13 Natural rubber Rubber & plastics 11586.67 2014-11-12

Source: 中国橡胶网

2014/11/14

Commercial Vehicle Demand Analyzed

Commercial vehicle demand in the U.S. and Canada continues to grow, but used commercial vehicle registrations still outnumber new registrations, according to Gary Meteer, director of commercial vehicle solutions for IHS Automotive told audiences at AAPEX. There are more than 7.7 million commercial vehicles on the road in the U.S., the largest number since t

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2014/11/13

Fenner Dunlop restructures ECS operation

Fenner Dunlop P.L.C.'s Engineered Conveyor Solutions Division, the company's largest operation, is being restructured at the top level to put more emphasis on its regional and global presence. It also is focusing more on the service end of its business. David Landgren, formerly head of Fenner Dunlop's Australian sector, has been selected to head the ent

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2014/11/12

Cooper bounces back in Q3 with higher sales, earnings

Cooper Tire & Rubber Co. reported net income of $47.7 million for the third quarter, compared with a $168,000 loss a year ago, as sales jumped 10.5 percent to $920.1 million. The Findlay-based tire maker noted that year-over-year comparisons are not representative of the business under normal conditions as the third quarter of 2013 was impacted by: Lab

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2014/11/11