1. 1-18 of 18
    1. Thai rubber prices hit near three-year high on global demand

      Thai benchmark smoked rubber sheets (RSS3) began rallying in July and rose to the highest levels in nearly three years at 64.65 baht ($2.06) per kg last week. It has eased a little and was quoted at 61.25 baht per kg on Tuesday. Prices for the grade have usually hovered at levels under 50 baht per kg in past years. "Rubber prices increased from global demand, driven by Chinese exports after the economy began to recover," said Deputy Government Spokeswoman, Rachada Thanadirek.

      Read Full Article
    2. Cabot to Increase Prices for Rubber Carbon Black Products in North America

      BOSTON - August 13, 2020 - Cabot Corporation will increase prices by $.03 per pound on all carbon black products sold by its Reinforcement Materials segment in North America, effective October 1, 2020, or as customer contracts allow.

      This price increase is necessary to address the substantially increasing costs to provide reliability and supply assurance to customers as the industry rebounds from the COVID-19 crisis and experiences rising utilizations in line with long-term fundamentals. In particular, Cabot is investing in the range of $200 million for NOx and SOx reduction projects to meet US EPA requirements, with additional spending for operating expenses and ongoing sustaining and improvement projects. Cabot was the first manufacturer in the carbon black industry to reach an agreement with the EPA to minimize air emissions and is on track to meet upcoming industry deadlines in 2021 and 2022. Taken together, these expenditures and the associated price increase will ...

      Read Full Article
    3. 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.

      Read Full Article
    4. South Korea's Hankook Tech chairman sells entire stake to younger son; shares rally

      The parent of South Korea's top tyre maker Hankook Tire & Technology said its chairman had sold his stake in the group to his younger son, driving its shares up 30% as investors bet this could lead to a family feud over ownership.

      Hankook Technology Group Co Ltd Chairman Cho Yang-rai has sold his 23.59% stake in a block deal to Cho Hyun-bum, who heads the tyre maker, making junior Cho the largest shareholder with a nearly 43% stake in the parent company, a regulatory filing showed on Tuesday.

      Read Full Article
    5. Ivory Coast's rubber output jumps 25% in 2019

      Ivory Coast is Africa's top natural rubber exporter and the seventh largest producer in the world. New plantations have proliferated as farmers switch from cocoa to rubber in search of more stable incomes.

      Akpangni Attobra, APROMAC's general secretary, told Reuters on Wednesday that output will keep rising and should reach 950,000 tonnes in 2021.

      Read Full Article
    6. Pirelli cuts guidance, delays business plan in worsening scenario

      Adding to a string of auto parts suppliers hit by prolonged industry weakness, Pirelli said it forecast a full-year margin on its adjusted earnings before interest and taxes (EBIT) between 17% and 17.5% versus an already lowered previous target of 18-19%.

      Pirelli, which makes tyres for Formula One racing teams and premium automakers such as BMW and Audi, said in a statement it cut its guidance after facing greater fixed costs as it lowered production to reduce inventories.

      Read Full Article
    7. Manufacturers Cut Spending as Trade War Dents Confidence

      U.S. manufacturers are investing less in their factories and workforces as the trade dispute with China makes it more difficult for executives to anticipate costs and demand.

      The shifting contours of the tariffs that the U.S. and China have applied to each other's goods are prompting some companies to put business plans on hold. Others are cutting back investments as trade volumes and economic growth slow around the world.

      Read Full Article
    8. Trade Tension Deals Tractor Makers a Fresh Blow

      Tariffs and trade tensions are pushing U.S. farm-equipment makers into a deeper ditch.

      Deere & Co., CNH Industrial NV and other makers of the tractors and combines used to plant and harvest American crops are already facing weak demand from farmers as a result of a five-year slump in the agricultural economy.

      That downturn is worsening this year as China buys less soybeans and other crops from the U.S., and manufacturers pay more for the steel and other materials they import to build their machines.

      "People just aren't buying. They're afraid," said David Savoie, vice president for Sunshine Quality Solutions, a Deere dealer in Louisiana where sales of big machinery have dropped significantly since last year.

      Read Full Article
    9. Titan International : Management's Discussion and Analysis of Financial Condition and Results of Operations

      Titan International : Management's Discussion and Analysis of Financial Condition and Results of Operations

      Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of financial condition and results of operations (MD&A) is designed to provide a reader of the financial statements included in this quarterly report with a narrative from the perspective of the management of Titan International, Inc. (Titan or the Company) on Titan's financial condition, results of operations, liquidity, and other factors that may affect the Company's future results. The MD&A in this quarterly report should be read in conjunction with the condensed consolidated financial statements and other ...

      Read Full Article
    10. To survive trade battles, China manufacturers deploy every weapon they can

      To survive trade battles, China manufacturers deploy every weapon they can

      Tit-for-tat tariffs from the China-United States trade war have been costly for many. Adding to the strain on Chinese manufacturers have been European Union duties on Chinese products ranging from electric bikes to solar panels.

      March brought some encouraging news for manufacturers. Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected, while first-quarter growth was better than expected.

      Read Full Article
    11. Agricultural Rubber Track Market to See Major Growth in Future: Soucy, Mattracks, Zuidberg, Bridgestone Industrial, Eurotrack

      Agricultural Rubber Track Market to See Major Growth in Future: Soucy, Mattracks, Zuidberg, Bridgestone Industrial, Eurotrack

      Edison, NJ -- (SBWIRE) -- 02/16/2019 -- A new business intelligence report released by Advance Market Analytics with title "Global Agricultural Rubber Track Market Insights, Forecast to 2025" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy.

      Read Full Article
    12. Tiremakers crumbling under car industry slump

      Tiremakers crumbling under car industry slump

      By Nam Hyun-woo Hankook Tire CEO Cho Hyun-bum Domestic tiremakers were hit hard by the backpedaling in the global car market, with the top three companies each posting reduced 2018 earnings, their reports showed Friday. Hankook Tire , logged 703. 7 billion won ( $623.8 million ) in operating profit last year, down 11. 3 percent from a year earlier Sales also declined by 03 percent to 68 trillion won during the same period.

      Read Full Article
    13. Michelin shares surge after tyre maker pledges higher profits in 2019

      Michelin shares surge after tyre maker pledges higher profits in 2019

      Shares in Michelin, which also reported better-than-expected results for 2018 late on Monday, were up 7.5 percent in early session trading. The stock was the best performer on France's benchmark CAC-40 index.

      "Michelin is able to sustain premium price points, while concurrently gaining market share – this is the perfect recipe for earnings growth," analysts at Citigroup wrote in a note, keeping a "buy" rating on Michelin shares.

      Read Full Article
    14. U.S.-China trade truce triggers European share surge

      U.S.-China trade truce triggers European share surge

      U.S. President Donald Trump and Chinese President Xi Jinping reached a truce at the G20 meeting on Saturday, halting additional tariffs and agreeing to fresh talks aimed at reaching an agreement within 90 days.

      Although markets reacted positively, some investors and analysts said the outcome had already been partly anticipated and there remained much for the two to agree upon.

      Read Full Article
    15. Tyre maker Nokian profit hit by Russia, Norway issues, emissions rules

      Tyre maker Nokian profit hit by Russia, Norway issues, emissions rules

      Nokian shares tumbled 14 percent on the latest warning from the automotive industry after a string of trimmed forecasts and weak results from Michelin, Continental and Daimler.

      Nokian, which has a large plant in Russia and a smaller one in Finland, said 2018 sales and operating profit were now expected to be flat or slightly higher than 2017, compared with a previous forecast of growing sales and profit.

      Read Full Article
    16. Tyre maker Michelin confirms 2018 guidance despite China slowdown

      Tyre maker Michelin confirms 2018 guidance despite China slowdown

      Tyre makers such as Michelin and its rivals Continental and Goodyear have been hit by weaker demand in China, whose economy has been slowing, and the impact of adverse foreign exchange movements and commodity prices.

      But Michelin said growth in Europe and north America meant it would stick to its overall 2018 financial targets.

      Xavier Caroen, an analyst at French brokerage Bryan Garnier, said the statement would reassure investors that the French company had not been as badly affected as other tyre makers.

      Read Full Article
    17. Goodyear Tire & Rubber : To Present At Morgan Stanley Investor Conference

      Goodyear Tire & Rubber : To Present At Morgan Stanley Investor Conference

      AKRON - The Goodyear Tire & Rubber Company today said it will webcast its presentation at the 2018 Morgan Stanley Laguna Conference in California on Sept. 14, 2018 . Richard J. Kramer , chairman, chief executive officer and president, will provide a business overview. A live, audio-only webcast of the presentation will be available at 11:45 a.m. EDT ( 8:45 a.m. PDT ) on the company's investor relations website: http://investor.goodyear.com.

      Read Full Article
    18. Tire maker Pirelli abandons Venezuela, adding to business exodus

      Tire maker Pirelli abandons Venezuela, adding to business exodus

      Pirelli, owned by Chinese state-owned firm ChemChina, said the sale to a consortium of South American entrepreneurs and the firm Sommers International would have no financial impact.

      Pirelli's plant in the city of Valencia has been closed since early last week, when about 100 of its 700 employees protested outside after finding the gates locked.

      In a statement on Friday, Milan-based Pirelli said the disposal agreement called for "employment continuity."

      Read Full Article
    1-18 of 18
  1. Categories

    1. Industry Channel:

      Automotive, Environment & Sustainability, Events, Executive News, Industry Statistics, Product News, Raw Materials, Rubber & Plastics, Tire Care & Shopping, Tire Stewardship, Transportation & Infrastructure