Report: Global Carbon Black market worth US$16 billion
A new 360-page report offering an overview of the carbon black sector suggest that the global market for the reinforcing filler and pigment used mainly in the rubber, plastics, paint, and ink industries is worth $16 billion annually.
TGI to exclusively distribute Pro Comp tyres and wheels in Colombia
Tire Group International (TGI) has announced that it is to exclusively distribute Pro Comp branded tyres and wheels in Colombia. According to the company, TGI will offer both direct factory shipments as well as fill-in from its distribution centre in Miami, FL.
ITC reports ‘reasonable indication’ that US will re-start tyre import tariffs
This morning the US International Trade Commission announced that its investigation has found “reasonable indication that an industry in the United States is materially injured or threatened with material injury by reason of imports from China of certain passenger vehicle and light truck tyres”.
Man Utd association leading to Russian gains, claims Federal Tyres
Following the unveiling of Federal Tyres’ latest marketing activity with Manchester United in Russia, Tyrepress got in touch with marketing manager Geoffrey Chang to ask a bit more about the attraction of the club and the English Premier League for a brand trying to make waves in Russia. Federal became the club’s Official Tyre Partner in the Russian and Taiwanese markets at the beginning of last season. While things haven’t gone entirely to plan on the pitch for any of the three men placed in charge of the club since Sir Alex Ferguson’s departure – most recently Louis van Gaal’s home defeat to Swansea – and doubts have been raised about Manchester Uniteds value as a brand partner (especially given its multiple tyre partners), Federal remains ebullient about the deal.
Yokohama exhibiting at Moscow International Automobile Salon 2014
The Yokohama Rubber Co., Ltd., has signalled its involvement in Moscow International Automobile Salon 2014, to be held in Moscow, Russia from 27 August 7 September. The Yokohama exhibit will feature the company’s the global flagship tyre brand “Advan” and the winter tyre brand “iceGuard”, as it promotes the “high-performance Yokohama” image.
Rosneft has completed its purchase of a 13 per cent stake Pirelli to Rosneft, following Italian anti-monopolies approval multiple news sources are reporting.
Netherlands-based machinery manufacturer VMI Group says a ruling is expected soon in the case of a Chinese company caught making illegal replicas of VMI tyre building drums. Commenting on the incident, company president and CEO Harm Voortman said vigorously protecting intellectual property is “an essential part” of VMI’s strategy.
Chengshan given first dibs on Cooper Chengshan tyre plant
A binding decision on the future ownership of the Chinese joint venture company set up by Cooper Tire & Rubber and Chengshan Group Company Ltd is still to be made, however the two parties are now in talks and have entered into an option agreement for working out the future of Cooper Chengshan (Shandong) Tire Company Ltd (CCT).
Camoplast Solideal increases industrial footprint with Brazil acquisition
Off-road tyre, wheel and track specialist Camoplast Solideal Inc. has acquired Brazilian industrial tyre manufacturer Rodaco. With this purchase, Camoplast Solideal says it has improved its capacity to manufacture and distribute tyres for the material handling industry in South America.
USW receives Dept of Commerce deadline extension for Chinese antidumping decision
The USW has petitioned for and received an extension from the US Department of Commerce, pushing back to November the deadline for completion of the preliminary determination on its antidumping and countervailing duty complaint targeting China-made consumer tyres imported into the US, Tire Review reports.
Hankook Tire reports it has formed a partnership with Applus+ IDIADA. As part of what it calls a strategic alliance, the tyre maker has built a new technical office in Spain and will carry out joint research for tyre testing and development. This 7,200 square metre test centre will be known as the “Spain Technical Office for European Technical Center”.
Manchester United ‘legend’ to appear alongside Federal Tyres at Moscow show
Federal Tyres is hoping the allure of the world’s most famous football club will contribute to its success at one of Russia’s biggest motor shows, the Moscow International Automobile Salon (MIAS). A mystery “Manchester United legend” will join Federal on its interactive exhibition space at the show, continuing its United-themed marketing campaign in the region. The brand is also to run a competition through its online channels to win a Manchester United shirt signed by the first team in the run up to the event. The manufacturer has been the Official Tyre Partner of Manchester United in Russia and its domestic market, Taiwan, since August 2013, engaging in activities such as the Manchester United Soccer School programme and harnessing the club’s brand equity to target the Russian market, in which it hopes to build a significant presence by 2019.
Luxembourg-based Maxam Tire has announced the appointment of Recambios Frain S.L. as a distributor for Maxam OTR tyres in Spain. The deal was finalised at the recent Reifen exhibition in Essen and the first tyres have been shipped to Recambios Frain’s warehouse at Lugo, in northwest Spain.
The organiser of the Latin American & Caribbean Tyre Expo reports that 3,880 visitors from at least 78 countries attended the Panama-based trade exhibition between 23 and 25 July. A total of 233 exhibitors were also present at the show, and organiser Latin Expo Group LLC says feedback from exhibitors and visitors indicates that 95 per cent had a “positive business experience at the show.” The 2014 show was the fifth time the exhibition has been held; it will take place again at the Atlapa Convention Center in Panama between 16 and 18 July 2015.
Bridgestone named America’s Golf Cup title sponsor
Bridgestone is to be title sponsor of the inaugural America’s Golf Cup, which will take place at the Pilar Golf Club in Buenos Aires, Argentina between 20 and 26 October. Upon announcing the deal, Bridgestone described the Bridgestone America’s Golf Cup as an “important platform” for advancing golf in the Latin America region and a venue for promoting the company’s product portfolio.
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