1. Articles in category: Industry Statistics

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    1. Malaysia: Rubber production increases 24.7% in July

      by ASILA JALIL / pic by BLOOMBERG THE production of natural rubber in the country increased 24.7% in July to 41,801 tonnes compared to 33,531 tonnes registered in June, according to monthly rubber statistics by the Department of Statistics Malaysia (DoSM). Yearly comparison of the production, however, registered a decline of 30.4% compared to the […]

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    2. Nexen Tire publishes first Sustainability Report

      Highlighting a growing drive within the tire industry toward greater environmental accountability, Nexen Tire has released its first Sustainability Report, outlining the company’s sustainable practices and environmental, social and economic performance in 2019.

      Nexen says the report has been published to provide shareholders with consistent and transparent information, highlighting the progress and long-term commitment to its sustainable practices. The report is based on standards of the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals (UN SDGs), and has been verified by the Korea Management Registrar (KMR), a third-party assurance institution.

       

       
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    3. Bridgestone's Ferrari Talks Tire Demand, Future Mobility and More

      Ferrari shares his take on the state of the North American tire market and Bridgestone’s sustainable mobility plans. He also discusses the role independent tire dealers will continue to play in the company’s progress, the most significant challenges facing tire manufacturers over the next few years and other topics.

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    4. Tire Review Podcast: Hankook’s New All-Weather Tire & COVID-19 Effects

      Tire Review Podcast: Hankook’s New All-Weather Tire & COVID-19 Effects

      As the fall and winter seasons approach, your customers will be coming into your shop to gear up for the weather ahead – and some may need new tires. Luckily, you have options. Maybe you fit them with an all-season depending on where you live, or perhaps their best bet is a designated winter tire. For situations sandwiched between those two, a tire in the all-weather segment could be a better bet.

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    5. Bridgestone TBR Tire Plant Celebrates 30 Years

      Bridgestone TBR Tire Plant Celebrates 30 Years

      Bridgestone‘s truck and bus radial (TBR) tire manufacturing plant in Warren County, Tennessee, recently celebrated 30 years of operations. The Warren County tire plant began manufacturing TBR tires in 1990 and today employs more than 1,000 people. The plant is located in Morrison, Tennessee. In 2018, Bridgestone announced a $40 million investment in the plant to meet market demand and address emerging customer needs.

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    6. Smithers identifies 20 disruptive tire technologies

      A new report from Smithers, the multinational provider of testing, consulting, information, and compliance services, has identified the top 20 technologies that will transform the global tire industry across the next two decades. The trends identified range from new materials to smart driving concepts.

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    7. Cabot Corp Reports Third Quarter Fiscal 2020 Results

      BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced results for its third quarter of fiscal year 2020.

      Commenting on the environment, Cabot President and CEO Sean Keohane, said, “Clearly the COVID-19 pandemic has had a dramatic impact on most companies and Cabot was no exception. The scale of this disruption is unprecedented, but I am proud of the way our global team has managed through the crisis. We’ve taken proactive steps to protect our employees while continuing to operate our plants to meet the dynamic needs of our customers while also carefully managing cash.”

       

       
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    8. China July auto sales surge 16.4%, fourth month of gains - Reuters

      BEIJING (Reuters) - China’s auto sales in July climbed 16.4% from a year earlier, the fourth consecutive month of gains as the world’s biggest vehicle market comes off lows hit during the country’s coronavirus lockdown. Sales rose to 2.11 million vehicles, according to data from the China Association of Automobile Manufacturers. For the year to date, sales were down 12.7% to 12.37 million vehicles.

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    9. Conti rated as ‘buy’ for ‘best cost base’ in the tyre business

      Following comparably strong second-quarter 2020 results, some financial analysts have confirmed their “buy” rating for Continental AG shares. The reason? Ongoing cost-cutting plans as well as “deep restructuring measures”. Writing in an investor’s note published on 7 August, Jefferies equity research suggested Conti’s planned spin-off of its Vitesco powertrain operation plays a key role in this strategy:

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    10. 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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    11. 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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    12. 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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    13. 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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    14. 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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    15. 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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    16. 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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      Mentions: europe sales
    17. Elastomers for Sustainability Top 10

      The top entries for the inaugural staging of ERJ’s new Elastomers for Sustainability initiative has now been decided by our judging panel led by leading experts in the field of polymer science & technology.

      E4S is an industry-first sustainability initiative, designed to highlight significant advances for end-user sectors including automotive, tires, automotive components, construction, consumer, industrial and medical.

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    18. Trinseo Annual Sustainability & Corporate Social Responsibility Report

      Trinseo Annual Sustainability & Corporate Social Responsibility Report

      BERWYN, Pa.--( BUSINESS WIRE )-- Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, announced the release of its 2020 Sustainability & Corporate Social Responsibility (CSR) Report .

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    19. Koppers Holdings Inc. Issues Annual Corporate Sustainability Report

      Koppers Holdings Inc. Issues Annual Corporate Sustainability Report

      PITTSBURGH, July 20, 2020 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP) today announced that it has published its annual Corporate Sustainability Report (CSR), which details the company's comprehensive efforts and enhanced strategy to create a more sustainable future through:...

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