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May 2017

RMA rebrands itself as U.S. Tyre Manufacturers Association.

Posted: May 24, 2017 at 1:01 pm   /   Featured, International, NEWS, Reader's Choice

After 102 years as a rubber industry association, the Rubber Manufacturers Association, has rebranded itself as the U.S. Tyre Manufacturers Association (USTMA). The USTMA unveiled its new name and logo May 23, along with a newly designed website, Among other things, the new website will feature economic impact figures about the U.S. tyre industry, […]

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Lanxess reports strong Q1, expects best year on record

Posted: May 24, 2017 at 12:59 pm   /   Featured, International, NEWS, Reader's Choice

Lanxess has announced it is projecting the highest full-year results in company history, following a strong Q1 2017 and the completed acquisition of US-based Chemtura. Global sales of the specialty chemicals company increased by 25% to €2.4 billion ($2.6 billion) in Q1 2017, up from €1.9 billion a year earlier. EBITDA pre-exceptional improved by 25% […]

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Evonik Q1 profit up 8% on demand for tyre silica and additives

Posted: May 24, 2017 at 12:58 pm   /   Editor's Choice, International, NEWS

German chemicals firm Evonik has reported an 8% increase in adjusted profit during Q1 2017. The company’s new additives businesses purchased from Air Products offset a decline in prices of animal feed ingredients and absorbent materials for diapers during the quarter. Quarterly earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted for one-offs, rose to […]

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Bridgestone and Saroléa team up for fourth Isle of Man TT.

Posted: May 24, 2017 at 12:55 pm   /   Featured, International, NEWS, Reader's Choice

Bridgestone is continuing its partnership with the all-electric Belgian motorcycle manufacturer Saroléa, the company said. For the fourth year in a row, Bridgestone and Saroléa will participate in the TT Zero races at the Isle of Man on June 7, 2017. The Saroléa SP7 racing bike is fitted with off-the-shelf Bridgestone Battlax tyres. Nico Thuy, […]

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Michelin addresses industry proposal to increase minimum legal tread depth.

Posted: May 24, 2017 at 12:53 pm   /   International, NEWS, Reader's Choice

Michelin is disputing those in the tyre industry that want to increase the minimum legal tyre tread depth from 1.6mm to 3mm. The French manufacturer said in a recent statement there is no link between tread depth at 1.6mm and increasing accident rates. The company claims changing tyres at 3mm would cost the motorist money […]

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Mathis named CFO at Bridgestone Americas

Posted: May 24, 2017 at 12:51 pm   /   International, NEWS, Reader's Choice

Bridgestone has named Amanda Mathis CFO of Bridgestone Americas effective May 18, 2017, the company announced. Mathis will be responsible for overseeing strategy for finance, accounting and financial shared services, as well as mergers and acquisitions, financial reporting, cash flow and debt management. She has held the role of acting CFO with the company since […]

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Cabot to increase rubber carbon blacks prices in EMEA.

Posted: May 24, 2017 at 12:49 pm   /   Editor's Choice, NEWS

Effective June 12, 2017, or as contracts allow, specialty chemicals supplier Cabot said it will increase prices on all carbon black products in its reinforcement materials segment sold in Europe, the Middle East and Africa (EMEA). As the carbon black industry continues to transform, Cabot said it is experiencing significant cost pressures due to high […]

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Cooper Tyre names Saudi distribution partner, adds products to region

Posted: May 24, 2017 at 12:48 pm   /   Editor's Choice, International, NEWS

Cooper Tyre Europe has announced it is partnering with distributor and retailer Arabian Tyres to expand the brand’s presence in the Middle East. Cooper currently offers a broad range of 4×4 tyres in Saudi Arabia. The announcement coincides with the launch in Saudi Arabia of three Cooper tyres – the Zeon 4XS Sport, the Zeon […]

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Apollo Tyre hike prices of truck and bus bias tyres

Posted: May 17, 2017 at 7:45 am   /   Editor's Choice, National, NEWS

Apollo Tyre has reportedly increased prices of truck and bus bias tyres to offset higher raw material prices. The company has increased 3% prices in the truck and buses segments. The company has taken cumulative price hike of 8-10 percent in the last 6 months. Apollo Tyres is one of the leading tyre manufacturers in India […]

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GM to drive industry toward sustainable natural rubber tyres

Posted: May 17, 2017 at 7:43 am   /   Automotive, Editor's Choice, International, NEWS

General Motors Co. is collaborating with rubber and tyre suppliers to establish a plan to source more rubber through environmentally sound and sustainable natural rubber production. Additionally, the auto maker also intends to move the industry toward net-zero deforestation and uphold human and labor rights. Steve Kiefer, GM’s senior vice president of global purchasing and […]

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