Yokohama changes sales division zones

Yokohama Tire Corp. has made key changes to its consumer sales division, including adding a sales zone covering the central part of the U.S. and making organizational moves that are designed to service dealers strategically. "The geographical reorganization offers the best utilization of our resources and moves us closer to our dealers in order to bett

Source: 中国橡胶网

2014/03/24

Indian tire makers wary of rubber supply

The (Indian) tire industry has expressed concern over the shortage of rubber in the domestic market stretching throughout the current fiscal. In the past, availability of rubber during the peak production season stretching from September to February was not a major problem. However, during the current fiscal, domestic availability even during the peak produc

Source: 中国橡胶网

2014/03/21

Magna forms Chinese joint venture

Canadian auto supplier Magna International Inc. has created a joint venture with Chongqing Guangneng Rongneng Trim Co. to produce front-end modules in Hangzhou for automakers in China. Front-end modules typically include plastic bumper fascias, lighting and radiator components.The partners will have equal stakes in the joint venture, dubbed Magna Guangneng

Source: 中国橡胶网

2014/03/20

Continental to expand work force

Continental A.G. plans to increase its work force by approximately 7,000 in 2014, assuming the market develops accordingly, which would grow its total figure to approximately 185,000. The additional jobs would be added in markets the firm has identified for growth. The firm said it also hopes to add an additional 9,000 to the projected 185,000 with the pla

Source: 中国橡胶网

2014/03/19

Michelin expands its backhoe tire line

Michelin North America Agricultural Tires will expand its current backhoe product offering this year with the introduction of two new tires in 2014 to better meet the needs of the market.Upon their introduction later this year, Michelin will offer a full product portfolio to serve the North American backhoe market. The new Michelin Power CL, scheduled for a

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2014/03/18

Linglong opens Thai car/LT tire plant

China's Shandong Linglong Tyre Co. Ltd. has commissioned production at its newest plant — a $115 million car and light truck tire factory — in Thailand's Rayong Province. Linglong President Wang Feng hosted a group of about 500 suppliers, distributors and partners in finance from 180 countries and regions at the commissioning ceremenony Feb. 2

Source: 中国橡胶网

2014/03/17

China Auto Sales Rise 18% as Japan Brands Extend Recovery

Passenger-vehicle sales in China gained 18 percent last month, beating analysts’ estimates, as deliveries surged at Toyota (7203) Motor Corp. and Ford Motor Co. Wholesale deliveries of cars, multipurpose and sport utility vehicles climbed to 1.31 million units in February, the state-backed China Association of Automobile Manufacturers said today. That

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2014/03/13

Cooper suffers double-digit loss in 3Q earnings, sales

Cooper Tire & Rubber Co. reported a net loss and 78.5 percent lower operating earnings for the quarter that ended Sept. 30, as sales slid 24 percent to $832.4 million. The earnings report was delayed as a result of the turmoil of the planned merger with India's Apollo Tyres Ltd., which in the fourth quarter had begun to unravel. The net loss for the q

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2014/03/11

First self-discipline standard in China's green tire industry issued

On February 24, "Technical Specification of Green Tire", which attracted much attention of tire industry of China and all over the world, was issued by China Rubber Industry Association (CRIA), and was put into trial implementation on March 1. The standard number of the Specification is XXZB/LT-102-2014. First proposed by CRIA, it is the first self

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2014/03/10

Michelin teams up with Porsche at the pinnacle of world endurance racing

Michelin is Porsche’s technical partner for the German manufacturer’s 2014 endurance racing programme. Indeed, the Clermont-Ferrand-based company played a part in the development of the new Porsche 919 Hybrid by designing specially-adapted tyres for the LMP1 class prototype. In compliance with the 2014 sporting regulations for the FIA World Endur

Source: 中国橡胶网

2014/03/07

Lanxess and Hankook enter into technical partnership

German specialty chemicals company LANXESS and Korean Hankook Tire signed a memorandum of understanding (MOU) on February 26 to co-develop synthetic rubber technologies for high-performance tires. Under the agreement, the two companies will jointly study the development of new high-performance synthetic rubber grades and applications that increase the perfor

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2014/03/06

Double Camel, Lionshead recall trailer tires

Qingdao Xiyingmen Double Camel Tyre Co. Ltd. and its U.S. agent, Goshen, Ind.-based Lionshead Specialty Tire & Wheel L.L.C., are recalling voluntarily 1,440 Vail Sport ST LH 99 tubeless trailer tires. The recalled tires are size 225/75D15, load range D, DOT Code 69, and were manufactured by Double Camel at its Qingdao, China, facility between July 14 an

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2014/03/04

Styron announces latex capacity expansion in China

Styron, the global materials company and manufacturer of plastics, latex and rubber, announced plans to expand its latex capacity with a new reactor at its Zhangjiagang, China, production facility. This expansion will mainly support the demand for latex in China’s paper and paperboard industry, forecast to grow in the next five years. "The paper

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2014/03/03

China natural rubber prices on February 26

Commodity Sectors Price Date Natural rubber Rubber & plastics 15120.00 2014-02-26 Natural rubber Rubber & plastics 15393.33 2014-02-25

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2014/02/27

ContiTech expands drive belt sector in China

ContiTech A.G. has purchased the power transmission belt business of Taizhou Fuju Rubber Belt Manufacture Co. Ltd. to expand its presence in China, primarily in the drive belt sector. Located in a large facility in Sanmen, China, the acquired operation produces drive belts for the automotive replacement and general industry segments. ContiTech intends to m

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2014/02/26

Department of Transportation of US added 24 new tire plant codes in 2013

The U.S. Department of Transportation (DOT) issued 24 new tire plant identity codes — necessary for selling road-going tires in the U.S. — during 2013, double that of 2012 and more in line with the average for the previous several years. Fourteen of the new codes are for plants in China and four are for factories in India, while the other six ar

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2014/02/25

Yokohama Rubber sales and earnings climb to record levels

The Yokohama Rubber Co., Ltd., announced that its net sales, operating income, and net income climbed to record levels in fiscal 2013 (January to December 2013) for the second consecutive year. The robust sales and earnings performance reflected a recovery in tire business in North America and China and strong sales of winter tires in Japan. Also contributin

Source: 中国橡胶网

2014/02/24

China and India Taking Over Carbon Black Manufacturing

Most carbon black manufacturing units in the western world, especially in North America and Europe, are being forced to shut down their operations because of the heavy competition they are facing from low cost Asian manufacturers. That’s the view of Tech Archival analysts, who said as much in a report entitled “China Carbon Black: Assessment, Opp

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2014/02/21

Henniges acquires JV, forms strategic alliances

It has been a busy three months for Henniges Automotive Holdings Inc. The firm just acquired the remaining 40 percent of Beijing Wanyuan-Henniges Sealing Systems Co. Ltd., its Chinese joint venture with China Academy of Launch Vehicle Technology. Henniges and the academy started the joint venture in 1995. The Chinese entity now will operate under the Henni

Source: 中国橡胶网

2014/02/20

NR prices reach lowest level since 2009

Natural rubber (NR) prices have reached their lowest levels on Asian markets since late 2009, prompting concerns that China, the world’s largest NR consumer, faces a slowing economy. However, sources in the rubber trade said they believed other factors were at work regarding NR prices and suggested the current dip may not be of long duration. Data fr

Source: 中国橡胶网

2014/02/19