1. Recent Articles

    1. TIA resets centennial events for 2021

      BOWIE, Md. — Reacting to the cancellation of the 2020 SEMA Show, the Tire Industry Association (TIA) is moving its centennial celebrations — originally scheduled for the week of Nov. 2 in Las Vegas — to November 2021 to coincide with the 2021 SEMA Show.

      The Specialty Equipment Market Association disclosed Aug. 5 its decision to cancel the 2020 SEMA Show due to the uncertainty that the COVID-19 pandemic presents in trying to stage a major convention and trade show.

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    2. Italy's Pirelli makes deeper cut to margin forecast after testing quarter - Reuters

      MILAN (Reuters) - Italian tyre-maker Pirelli (PIRC.MI) on Wednesday cut its full-year margin forecast for a second time and scaled back its cash flow guidance after the COVID-19 pandemic delivered a quarter it said had tested it “more than ever”. The manufacturer of tyres for Formula One and high-end carmakers such as BMW (BMWG.DE) and Audi said the margin on its adjusted earnings before interest and tax (EBIT) would be around 12%-13% this year.

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    3. Hankook Tire Announces Financial Results for the Second Quarter of 2020

      Seoul, Korea / Neu-Isenburg, Germany, August 3, 2020 – Premium tyre maker Hankook announced today the company’s financial result for 2020 Q2 with consolidated global sales of KRW 1.37 trillion (approx. 1.017 billion Euro) and an operating profit of KRW 70.1 billion (approx. 52.1 million Euro).


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    4. Nokian Tyres Half Year Financial Report January–June 2020: Strong Balance Sheet Supporting In Difficult Times

      Nokian Tyres plc Half Year Financial Report January–June 2020, August 4, 2020, 2:00 p.m.

      January–June 2020

      • Net sales were EUR 550.5 million (756.1 in January−June 2019). With comparable currencies, net sales decreased by 25.0% especially due to COVID-19, measures taken to reduce high carry-over stocks in the Russian distribution channel, and mild winter in all main markets.
      • Segments operating profit was EUR 40.8 million (155.5), with no significant currency impact. The decline was driven by lower volumes and underabsorption of factory costs. EUR 54.6 million of expenses were booked as non-IFRS exclusions. Operating profit was EUR -13.7 million (148.0).
      • Segments earnings per share were EUR 0.16 (2.01, positively impacted by EUR 1.08 related to the rulings on the tax disputes). Earnings per share were EUR -0.16 (1.94; positively impacted by EUR 1 ...
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    5. ANRPC Releases Natural Rubber Trends & Statistics July 2020

      Prices of NR, both in the futures and physical markets, moved along a recovery path during July with the notable exception of latex market. Despite the growing concerns about a possible second wave of the pandemic and deteriorating US-China diplomatic relation, NR prices have the potential to continue moving along the marginal recovery path, in the short-term, supported by a host of factors which include the anticipated marginal improvement in the world consumption, factors constraining the world production and physical availability of NR , fall in the inventory held in the designated warehouses of the Shanghai Exchange, continued weakness expected in the U.S. dollar, and the support from the crude oil market.

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    6. Alliance Tire appoints Brian Gibbs as new Chief Financial Officer

      Alliance Tire appoints Brian Gibbs as new Chief Financial Officer

      Alliance Tire Americas announced that Brian Gibbs has joined the company in the role of Chief Financial Officer at its U.S. headquarters in Wakefield, Massachusetts.

      With more than 20 years of financial experience and three previous CFO positions, Gibbs will be contributing his expertise in creating financial, operational and strategic plans to help the ATA team execute on its continuing achievement of double-digit annual growth.

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    7. Michelin updates North American tire lines

      Michelin updates North American tire lines

      Michelin North America recently announced two new additions to its tire range. The first, aimed at the freight market, is the X One Line Energy T2, which the company claims is the most efficient trailer tire it has produced to date.

      “The trailer-wheel position is challenging for long-haul tire design. The free-rolling wheel position is subject to variable loads, less maintenance and irregular wear,” explained Adam Murphy, vice president, B2B marketing, Michelin North America.

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    8. Goodyear expanding direct online tyre sales across Europe

      Goodyear expanding direct online tyre sales across Europe

      Goodyear has been marketing its passenger car tyres in Germany directly to end users for fitting by a listed partner for roughly six months. And for years before that there has been a noticeable trend towards online selling. Following on from our online preview article, Tyres & Accessories’ German group publication Neue Reifenzeitung interviewed David Anckaert, vice president Commercial Europe at The Goodyear Tire & Rubber Company and began by asking: is it too early to draw initial conclusions?

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    9. USTMA Tire Shipment Forecast Ticks Up for 2020

      As the U.S. economic downturn continues during the COVID-19 pandemic, the U.S. Tire Manufacturers Association (USTMA) projects 2020 U.S. tire shipments will decrease to 279.4 million units in 2020 compared to 332.7 million units in 2019. USTMA said its new forecast represents a small improvement of 5.8 million units from USTMA’s April 2020 forecast adjustment, which was the first preliminary estimate after the declaration of the COVID-19 pandemic.

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    10. Magna Tyres Opens Czech Republic Office

      Magna Tyres Group has opened a sales office in the Czech Republic to be closer to the Czech and the Slovakian market.

      With its regional office in Poland and with its partners in the Eastern European region, Magna Tyres said brand awareness and market share have grown for the company, resulting in the construction of an additional sales office in Eastern Europe.

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  2. Tire and Rubber Association of CanadaBlog

    1. TRAC's President Glenn Maidment Announces Retirement at the 100th AGM

      TRAC's President Glenn Maidment  Announces Retirement at the 100th AGM

      Cambridge, Ontario; June 11, 2020—Tire and Rubber Association of Canada’s President announces retirement after more than 50 years in the industry.

      After leading one of the industry’s preeminent associations since 2001, Glenn Maidment announced at TRAC’s Annual General Meeting of Members on June 9, 2020, that he will be stepping down and retiring at the end of 2020. He will continue to lead the Association, assist the Board in search for a new President, and ensure a smooth and seamless transition for the Association.

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    2. See all Tire and Rubber Association of Canada Blog articles
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    TRAC Announces 100th Annual General Meeting’s Outcomes TRAC's President Glenn Maidment  Announces Retirement at the 100th AGM Women in Tire & Rubber: Elif Duz Alliance Tire appoints Brian Gibbs as new Chief Financial Officer Michelin updates North American tire lines Goodyear expanding direct online tyre sales across Europe Bridgestone Announces New President of Latin American Operations DuPont takes $2.5 billion charge tied to auto business Michelin is demonstrating resilience through an unprecedented crisis Women in Tire & Rubber: Heather Maimone Hankook introduces new Laufenn truck and bus tyres for UK market Cosmo Tires Releases New Mud-Rated Tire
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    1. As the COVID-19 pandemic continues to evolve, federal organizations are increasingly examining ways to both manage their ongoing response, and also address their future emergency preparedness.
      By Chris Bitsakakis
    2. Overall what we're seeing for (rubber product manufacturers) is that they anticipate the auto industry being extremely slow in the coming year.
      By Ashley Turrell
    3. It's not unfair to say that auto is hurting the rubber industry overall.
      By Ashley Turrell
    4. We anticipate these trends to continue.
      By Ashley Turrell
    5. A lot of people anticipate there will be market uncertainty in Europe, and there is the trade war with China having a huge effect.
      By Ashley Turrell
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