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    1. Supply and demand: Shortages across America run deep, with no end in sight

      From gas prices to new and used cars, tires, and everyday items like paper — costs are going up as demand exceeds supply.

      The fallout from the pandemic is shifting from a health crisis to an economic crisis.

      When the economic engines that fueled the world came to a screeching halt during lockdowns in March 2020, no one could've predicted where we'd be a year later. Countries are still fighting the coronavirus pandemic and now they're facing shortages, price increases, and demand for everyday items.

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      Mentions: tires
    2. Michelin begins to market tire range for electric buses

      Michelin launched marketing efforts behind its X Incity EV Z tire range on May 1. The X Incity EV Z tires are designed specifically for use on electric buses, but can be adapted for use on urban and suburban vehicles.

      The company explains the new tire range supports the transition towards cleaner, more efficient and more independent electric mobility solutions -- a key factor in achieving sustainable cities.

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    3. Sailun Tire Americas Officially Launched

      The newly rebranded Sailun Tire Americas (STA) represents Sailun’s growth and focus of its sales and marketing efforts on North American specific brands, products and services.

      They are also expanding their ongoing commitment to advanced design, engineering and testing in both the United States and Canada.

      The newly formed STA division includes a wide range of value-based tire brands in passenger and commercial vehicle applications which are designed in North America for the North American market.

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    4. Nexen Tire congratulates Manchester City

      SEOUL, Korea, May 12, 2021 (GLOBE NEWSWIRE) -- Nexen Tire, a leading global tire manufacturer, today congratulated long-term partner Manchester City Football Club for their phenomenal victory in the 2020/21 Premier League season.

      Manchester City has achieved incredible Premier League success in recent years, with the Club winning the title for the fifth time in the past decade. The latest trophy also means Man City has so far claimed two competition wins – the Premier League and the Carabao Cup – both in the same season.

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    5. Nokian begins testing at Spanish test center

      Nokian Tyres has announced that it has started testing at its new test center in Santa Cruz de la Zarza, Spain. The site, nicknamed the Hakka Ring, consists of 10 tracks over a 300ha area, including a 7km oval track that circles the facility and can accommodate 300km/h tests.

      Nokian will use the center to speed up product development cycles and strengthen the company’s market position as a manufacturer of premium tires. The site will use an array of environmentally friendly technologies including 1,000 solar panels, water recycling and white roofs.

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    6. Sustainable tire materials

      Fossil fuels collectively supply about 85% of today’s world energy; of this amount, transportation powered by petroleum produces 25% of man-made atmospheric carbon dioxide – a greenhouse gas contributing to global warming. Consequently, petroleum is facing threats from renewable energy sources, climate change concerns, EV usage and politicians sometimes promoting pseudoscientific environmental policies. It seems that future undertakings directed at decarbonizing transport will be driven mainly by government legislation and mandates, not by consumer preferences or diminished petroleum supplies. The tire industry will not be immune to these pressures, but the movement toward sustainable mobility could be problematic for tire manufacturers and their suppliers.

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    7. Tire recycling plant eyed for Thunder Bay, Ont.

      Shipping thousands of tonnes of tires to southern Ontario every year from Thunder Bay, Ont., has one entrepreneur seeing a business opportunity.

      Mitch Ouimette said he wants to build a tire recycling facility in the city, similar to one that has been in operation in Sault Ste. Marie. Ouimette said he is restarting the plant in the Sault, and hoped to replicate it on the western side of Lake Superior.

       

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    8. Goodyear to develop aircraft tug tire solutions for Trepel

      Having long provided smart tire solutions for commercial vehicles and aircraft tires, manufacturer Goodyear will now also provide similar solutions for airport tractors that maneuver aircraft.

      A heavy-duty version of Goodyear’s own TPMS was integrated into the Trepel aircraft tug’s dashboard, an industry first for the tire manufacturer’s TPMS technology as it normally operates through a web platform or app. Following any loss in pressure or a temperature change, the TPMS sensor built into the vehicle’s tire will then alert the driver in the cabin via a screen in the dashboard if action needs to be taken such as a change in tire.

       

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    9. TIA Postpones 2021 Lobby Day and Summits

      BOWIE, Md. – Due to uncertainties surrounding government visitations and international travel, the Tire Industry Association (TIA) has postponed its Lobby Day, Environmental Summit and International Issues Summit planned for this year as part of the association’s 100th anniversary celebration. 

      These three events, as well as the anniversary celebration scheduled for last year’s Global Tire Expo (GTE)/SEMA Show in Las Vegas, also were postponed in 2020 due to the impact of the COVID-19 pandemic. 

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    10. Continental Announces Tire Safety Recall of 9,988 Van Tires in Canada

      MISSISSAUGA, ON. – May 7, 2021. Continental today announced a voluntary recall program involving 9,988 Continental brand van tires that were produced at several of the company’s European plants and sold to the aftermarket. 

      Transport Canada approved the recall on May 4, 2021. The company is in communication with the dealers to support notification of customers who purchased these tires. Owners will be promptly notified and informed about the details of the voluntary safety recall program. 

      Consumers seeking more information, including instructions for identifying affected tires as well as obtaining replacement tires are asked to visit Continental’s Web site https://www.continentaltire.ca/car/tirerecalls. 

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      Mentions: tires recall Canada
    11. Tire and Rubber Association of Canada Launches New Website

      May 6, Cambridge, Ontario – Tire and Rubber Association of Canada is pleased to officially announce the launch on April 30th of a newly designed website (tracanada.ca). The new site is user friendly, easy to navigate, and provides clear, concise, and engaging information about the organization, the tire and rubber industry in Canada, and tire information for consumers.

      The new website is search engine optimized (SEO) with a socially engaging online presence. The site also consolidates TRAC’s consumer-facing “Be Tire Smart” and “Fuel Saving Tires” websites to maximize the organization’s reach by combining industry and consumer information.

      The new site serves as a communications and marketing vehicle to better leverage the TRAC brand. It is a go-to resource that informs industry stakeholders about the important work of the Association and the industry and educates consumers about all things tires.

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    12. Bridgestone Americas Makes Leadership Changes

      President and CEO Paolo Ferrari says this new organizational structure strikes a balance between execution on Bridgestone’s core tire business and the further development of its medium- and long-term sustainable and mobility solutions platforms.

      Bridgestone Americas (Bridgestone) is expanding several key leadership roles under CEO and President Paolo Ferrari.

      Scott Damon, currently group president, operations, has been named chief operating officer, Bridgestone Americas. As COO, Damon will have responsibility for the company’s core tire business, which includes...

       

       
       

       

       
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    13. Goodyear introduces next-gen tires for container handlers

      Tire maker Goodyear is to introduce the EV-4S Gen II and EV-5S Gen II for use within the container handling sector.

      With a revised construction, the EV-4S Gen II and EV-5S Gen II feature a new cavity shape, which the company says reduces wear and lowers the operating cost per hour of vehicles fitted with the tires. An increased area of protection on the bead reduces chafing, and an oversized high-strength bead bundle enhances stability during high-load situations.

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    14. Cooper Tire & Rubber Company Reports First Quarter 2021 Results

      FINDLAY, Ohio, May 3, 2021 – Cooper Tire & Rubber Company (NYSE: CTB) today reported first quarter 2021 net income of $22 million, or diluted earnings per share of $0.43, compared with a net loss of $12 million, or diluted loss per share of $0.23, for the same period last year.

      First Quarter Highlights

      • Global unit volume increased 16.6 percent compared to the first quarter of 2020.
      • Net sales increased 23.3 percent from the first quarter of 2020 to $656 million.
      • Operating profit was $38 million, or 5.8 percent of net sales, compared to an operating loss of $6 million, or 1.2 percent of net sales, in 2020.
      • The quarter included $11 million of costs related to the proposed merger with Goodyear.
      • Net income was $22 million, or $0.43 diluted earnings per share.
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    15. Hankook Tire announces 2021 Q1 financial results

      Premium tyre maker Hankook has announced  the company’s 2021 Q1 financial results with consolidated global sales rising 12.6% YoY to KRW 1.61 trillion (EUR 1.203 million)and operating profit of KRW 186 billion (EUR 138 million), an increase of 75.5% YoY.

      As the global market recovers from the impact of the pandemic, Hankook’s business has also been steadily recovering since the second half of 2020. The company is seeing sales stabilise in several major markets that include Europe, North America, and China, particularly in the high-inch tyre sector that accounts for tyres 18 inches or higher. Global sales of high-inch tyres accounted for 38% of entire tyre sales, which is now up 4 percentage points compared to the same period last year.

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    16. Nokian Tyres Interim Report: Strong volume growth in all markets, demand recovering

      This release is a summary of Nokian Tyres’ Interim Report January–March 2021. The complete report is attached to this release. January–March 2021

      • Net sales were EUR 341.8 million (279.8 in January−March 2020) and grew by 22.1%. With comparable currencies, net sales increased by 28.5%.
      • Segments operating profit was EUR 50.3 million (16.3), with negative currency impact of approximately EUR 10 million. Operating profit was EUR 44.3 million (9.0).
      • Segments earnings per share were EUR 0.29 (0.09). Earnings per share were EUR 0.26 (0.02).
      • Cash flow from operating activities was EUR -24.4 million (-38.9).
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    17. Cooper Tire Stockholders Overwhelmingly Approve Proposed Merger with Goodyear

      FINDLAY, Ohio, April 30, 2021 – Cooper Tire & Rubber Company (NYSE: CTB) today announced that its stockholders overwhelmingly voted to approve the agreement and plan of merger with The Goodyear Tire & Rubber Company (Nasdaq: GT), which was announced Feb. 22, 2021. At a special meeting of Cooper stockholders held today, approximately 99 percent of votes cast were in favor of the transaction. Goodyear is not required to hold a vote of its stockholders to approve the merger agreement.

      “We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved,” said John Holland, Cooper Chairman. “This step is an important one in the process of bringing together our two companies to continue to meet the needs of customers, consumers and other stakeholders around the world while driving value for shareholders.”

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    18. PRTI makes cryptocurrency from old car tires in Northern Carolina

      Product Recovery Technology International (PRTI), is processing discarded tires at a site in Franklinton, north of Raleigh, to create oil, syngas, carbon char, and steel. It is then using the gas to generate electricity which it uses in bitcoin miners in its on-site office. The process is scalable, the energy could be used for other purposes, and the company is planning to roll it out in other sites including Europe.

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    19. Continental Extends Commitment to Sustainability in Natural Rubber Supply Chain

      Hanover, April 30, 2021. Continental is extending its commitment to sustainability in the natural rubber supply chain. The premium tire manufacturer and the German Federal Ministry for Economic Cooperation and Development (BMZ) have agreed on a significant expansion of their successful project to ensure full traceability of the natural rubber supply chain in the Indonesian province of West Kalimantan in Borneo. Here, 4,000 small farmers, rather than the previous 450, are now to be involved in the project by 2024. The project objective remains the same: Small farmers in the natural rubber sector are trained to grow high-quality raw materials in compliance with clearly defined sustainability criteria. By improving the quality of the raw material, the income of smallholders is to be increased.

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