Tokai Carbon raises carbon black price
Tokai Carbon has raised prices across all grades of carbon black effective 1 May 2020 by 6 yen a kilogram. According to the company, the price increase is because “Due to the impact of tighter regulations on bunker fuel oil sulphur content by international Marine Organization (IMO), the index used in previous price revisions can no longer be used.
Continue Reading![Avon Tyres supplies slick tyres for Rodin FZED single-seater](https://www.tyrepress.com/wp-content/uploads/2020/05/Avon-Rodin-Cars-1.jpg)
Avon Tyres supplies slick tyres for Rodin FZED single-seater
Rodin Cars has enlisted Avon Tyres to supply its radial slick tyres for its new FZED single-seater, which is on sale for £500,000.
Continue ReadingCooper Tire declares 193rd consecutive quarterly dividend
Despite intense pressures facing the wider tyre industry, on 8 May 2020 Cooper Tire & Rubber Company maintained a long unbroken streak of quarterly dividends, when it declared a dividend of 10.5 cents per share on common stock, payable 26 June 2020 to stockholders of record at the close of business 1 June 2020. This is the 193rd consecutive quarterly dividend paid by Cooper Tire & Rubber Company.
Continue Reading![No CITExpo show in 2020](https://www.tyrepress.com/wp-content/uploads/2020/05/Citexpo.jpg)
No CITExpo show in 2020
Originally scheduled to take place between 17 and 19 August this year, the 18th edition of the China International Tire Expo (CITEXPO) has been postponed due to the COVID-19 crisis. The tyre and wheel trade fair is now scheduled to return to the Shanghai World Expo Exhibition & Convention Center between 16 and 18 August 2021.
Continue Reading![Buyers found for 2 more Fintyre businesses in Germany](https://www.tyrepress.com/wp-content/uploads/2020/05/DuRo-Reifen24.jpg)
Buyers found for 2 more Fintyre businesses in Germany
A week ago, Bridgestone announced its acquisition of 42 Reiff Reifen und Autotechnik retail outlets in Germany from the now-bankrupt Fintyre Group business. The insolvency administrator handling the Fintyre case reports that buyers have also been found for two further Fintyre businesses, Duro Reifenservice GmbH and Reifen24 GmbH.
Continue ReadingCooper Tire reports 1Q2020 net loss of US$12 million, Europe and International segment bears the brunt
Cooper Tire & Rubber Company has reported a first quarter 2020 net loss of $12 million, compared with net income of $7 million in same period last year. Unit volume decreased 15.8 per cent compared to the first quarter of 2019. Net sales decreased 14.1 per cent to $532 million. Operating loss was $6 million, or 1.2 per cent of net sales, compared to operating profit of $26 million, or 4.3 per cent of net sales, in 2019.
Continue Reading![Ronal R62 wheel now offers “Infinite Chrome”](https://www.tyrepress.com/wp-content/uploads/2020/05/R62_Jetblack_Chrom.jpg)
Ronal R62 wheel now offers “Infinite Chrome”
The Ronal R62 design was only available in two surface finishes. On request plastic elements could be added in three different colours. But now a new trend is being reflected in available finishes.
Continue Reading![Mak launches new wheel range for 2020](https://www.tyrepress.com/wp-content/uploads/2020/05/2020-complete-range.jpg)
Mak launches new wheel range for 2020
Mak, a leading player in the Italian aftermarket alloy wheel segment, has announced that it will release 11 new models. At the same time, the company has also announced that Jeep and Tesla drivers will be able to equip their cars with dedicated MAK wheels – the Liberty for Jeep and Voltage for Tesla.
Continue ReadingTECH Europe appoints Italmatic as distributor in Italy
TECH Europe has partnered with Italmatic as its new distributor in Italy. According to the company, the news means Italmatic is “positioned now more than ever to offer a complete line of tyre repair materials and wheel service solutions to the Italian market, which includes everything from motorbike to OTR repairs, along with the essential chemicals and tools to ensure a safe and high quality repair”.
Continue Reading![New VMI equipment boosts Rosava’s tyre portfolio](https://www.tyrepress.com/wp-content/uploads/2020/05/Rosava-Exxium-sml.jpg)
New VMI equipment boosts Rosava’s tyre portfolio
Rosava reports that its modernisation programme is continuing despite the coronavirus crisis. The Ukraine-based tyre maker shares that six containers with a new VMI Exxium tyre builder arrived at its plant today. This will allow it to extend its portfolio with increased production of 15- to 20-inch dimensions.
Continue Reading![Automechanika Frankfurt postponed till 2021](https://www.tyrepress.com/wp-content/uploads/2020/05/AM_20170329_PSP_9466-scaled.jpg)
Automechanika Frankfurt postponed till 2021
Messe Frankfurt and its customers, partners and supporting associations have agreed to postpone the Automechanika Frankfurt event that was originally scheduled to take place from 8 to 12 September 2020 due to the coronavirus crisis. The new dates are 14 to 18 September 2021. Automechanika Frankfurt will then resume its biennial rotation – the event will now be taking place in odd-numbered years.
Continue Reading![Massive drop in trailer production projected in 2020](https://www.tyrepress.com/wp-content/uploads/2020/05/three-white-enclosed-trailers-1267325-scaled.jpg)
Massive drop in trailer production projected in 2020
In April 2020 many European countries reached the peak of new infections resulting from the coronavirus, something that is likely to lead to a massive fall in trailer production in the second and third quarters of 2020, according to analysts Clear. During April many trailer manufacturers closed their business in April in order to comply with government recommendations on social distancing but also because there was little or no business to be done. Now manufacturers are having to consider how they can resume production to at least meet the low level of demand that will exist in Q2 2020.
Continue Reading![GRI MD appointed to presidential task force in Sri Lanka](https://www.tyrepress.com/wp-content/uploads/2020/05/gri-md.jpg)
GRI MD appointed to presidential task force in Sri Lanka
The president of Sri Lanka His Excellency Gotabaya Rajapaksa has appointed Prabhash Subasinghe, managing director of GRI, to the Presidential Task Force for Economic Revival and Poverty Alleviation. The task force exists because Sri Lanka’s government has identified the need to create balanced social and economic development in the country, aligned with expectations by the United Nations such as environmental conservation, renewable energy and toxin-free food production, as well as the need to minimize poverty.
Continue Reading![Automotive associations unveil C-19 action plan](https://www.tyrepress.com/wp-content/uploads/2020/05/assoc-logos.jpg)
Automotive associations unveil C-19 action plan
New car registration figures for April 2020 reflect COVID-19’s impact upon the automotive industry here in the UK, and our neighbours across the Channel are facing similar problems. Four automotive industry associations have now stepped forward with a plan to ensure a strong restart of the sector and the economy at large.
Continue ReadingContinental delays Vitesco spin-off
On 1 May Continental AG said it will delay spin-off of its powertrain business Vitesco Technologies. Rather than executing that plan in July, as had been planned, the automotive supplier said it will pursue the listing of its powertrain subsidiary business when market conditions improve.
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