conference Archives - Page 16 of 44

SEMA to receive US export development grant

The US Department of Commerce named the Specialty Equipment Market Association, or SEMA, as one of the five recipients of its Market Development Cooperator Program (MDCP) for 2011. As a result, the trade association will receive US$500,000 in matching funds over the next three years to support US manufacturers that export automotive specialty-equipment products to booming emerging international markets. The grant is intended to stimulate US exports of specialty-equipment products as part of the Administration's National Export Initiative, which aims to double US exports by 2014 in support of several million US jobs.

10th October 2011/by Tyrepress Editors

Conti building US plant in South Carolina; work to start mid-2012

News

The county of Sumter, South Carolina has been named as the location for Continental’s planned US passenger car and light commercial vehicle tyre facility. Construction work on Conti’s first own greenfield project in the US will get underway there in mid-2012, and Conti anticipates a 2013 completion date. When first phase production targets are fully reached in 2017, an annual capacity of nearly five million tyres is expected. A second phase project should lift capacity by a further three million units per year by 2021. Continental reports the project’s initial phase involves an investment of more than US$500 million and the creation of more than 1,600 jobs.

7th October 2011/by Tyrepress Editors

Michelin partners with US firm to develop renewable isoprene

News

California-based renewable products company Amyris, Inc. reports it has signed a definitive agreement with Michelin to collaborate in the development and commercialisation of isoprene sourced from renewable feedstocks. The substance being developed, Amyris No Compromise renewable isoprene, is expected to be ready for commercialisation and use in tyre industry and other applications in 2015. Amyris says Michelin has committed itself to “off-take volumes” for a ten-year period. In addition, Amyris will retain the right under the agreement to market its renewable isoprene to other customers.

28th September 2011/by Tyrepress Editors

Former American Retreaders Association director Ed Wagner dies

News

Ed Wagner, the former director of the American Retreaders Association died late Wednesday evening in a hospice in Louisville, Kentucky. He is survived by his wife of 60 years, Martha, 5 sons, 4 daughters, and 9 grandchildren. The TIA – of which the ARA was an originating source, becoming the International Tire and Rubber Association and later merged with TANA – released the following statement to mark his passing: "In 1968, Ed succeeded George Edwards at ARA. Ed managed the ARA Louisville Conference for 20 years as it grew to become one of the top 200 industrial trade shows in the United States. During that time, ARA's membership grew from 250 to over 1,600 members.

12th September 2011/by Tyrepress Editors

Standards Testing Labs to host tyre technology seminar

News

Registration is now open for Standards Testing Laboratories annual Tyre Technology Seminar, held on 18-20 October, 2011 at the company's Massillon, Ohio headquarters. The seminar is a two and a half day event that aims to provide “a comprehensive overview of the technology employed by the tyre industry,” according to the STL. Speakers from the engineering, chemistry and mechanics/vehicle dynamics fields will address topics including tyre testing, tyre design and research, tyre engineering and compounding, product development and advanced concepts. The deadline to register for the seminar is 30 September.

9th September 2011/by Tyrepress Editors

Analysts note improved Schaeffler outlook, continuing risks

Career Tracks

Responding to Schaeffler Group’s recently published second quarter results, including a margin of 15.3 per cent for the quarter, financial analysts have praised the “very respectable results”. However, writing in an investor’s not dated 2 September, Morgan Stanley also noted risked associated with the company’s outlook and pointed out that margins were down 150 basis points year-on-year and 220 basis points quarter-on-quarter due to “higher raw material costs and ongoing expansion costs.”

2nd September 2011/by Tyrepress Editors

Pirelli Slatina factory extension to make car tyre plant its biggest

International News, News

The Prime Minister of Romania, Emil Boc has inaugurated the extension of Pirelli’s tyre factory in Slatina, accompanied by the Italian manufacturer’s chairman Marco Tronchetti Provera, and the Italian ambassador in Bucharest Mario Cospito. The full 160 million euro extension, begun in 2008 and to be concluded in 2013, will increase production capacity from 7 million passenger car units at the end of 2011 to 10 million by the end of the extension project and the extension of its area. Pirelli says the plant is already one of its most modern, and will become its biggest passenger car tyre plant when the extension is complete.

31st August 2011/by Tyrepress Editors

South African manufacturers await court decision

News

Persistence may soon pay off for South Africa’s tyre manufacturers. In early September the Supreme Court in the city of Bloemfontein will hold the final hearing on an appeal regarding the dumping of Chinese tyres in South Africa. If the decision goes its way, the local industry will be given the means of resisting something said to be injuring its viability.

26th August 2011/by Tyrepress Editors

Armond Boyes third in a series of retirements at Pelmar

News

The Pelmar Group has announced that Armond Boyes, managing director of its North American subsidiary, Pelmar USA LLC is to retire on 1 November 2011. Armond Boyes joined the Pelmar Group in 2008 from his previous position as general manger for retreading at Goodyear North America. He will continue as a consultant and will remain on the company's board of directors. No decision has yet been made about who will replace Boyes, but the company reports that it is considering a number of candidates.

26th August 2011/by Tyrepress Editors

RTA’s Brodsky to address India conference

News, Premium

Harvey Brodsky, managing director of the Retread Tire Association, will be a featured speaker at the Asian Tyre & Rubber Conference. The conference will be held in Chennai, India, on 2-3 December. Brodsky’s presentation will be retread quality and its importance to India.

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26th August 2011/by Tyrepress Editors

Consolidation the order of the day in Russia

News

Old habits die hard, and for many of us our knowledge about Russia is at best sketchy. Yet much change is taking place there, and the tyre industry is not missing out on this. Europe’s major tyre makers today have, or are in the process of acquiring, a presence within the region, and Russian companies are also working to secure their share of a growing and lucrative market. Keeping track of various deals can sometimes be complicated…

25th August 2011/by Tyrepress Editors

Michelin awarded for US military logistics services

News

Michelin North America has been acknowledged by the US military for its tyre supply and logistics services. At the 2011 DLA Industry Conference and Exhibition the tyre maker received two Best Value Awards from the Defense Logistics Agency (DLA). Michelin Truck Tires and Michelin Aircraft Tires each received their fourth consecutive award at a ceremony held during the conference. Out of the more than 7,000 firms supplying equipment to the military, Michelin was one of 182 companies recognised for meeting performance requirements in the Automated Best Value System.

9th August 2011/by Tyrepress Editors

Analysts: Cooper 2Q results a ‘big miss'

Career Tracks

“We had expected the second quarter to be tough…for Cooper given the weak second industry shipment numbers and adverse mix, but we were surprised by how weak it actually was,” was the stark verdict of analysts in response to Cooper Tire & Rubber’s most recent financials. This is exemplified in the company’s profitability results.

8th August 2011/by Tyrepress Editors

Pirelli to raise European prices 6% in September

Career Tracks

Following the release of its second quarter financial results yesterday, Pirelli announced that it would implement a further round of price increases at the end of the summer. The latest six per cent prices hike will be effective in all European markets across the company’s car, SUV and van tyre product ranges from 1 September. The company reported that the it has had to raise prices as a consequence of the rising costs of “key raw materials, in particular natural and synthetic rubber, and oil.”

28th July 2011/by Tyrepress Editors

Goodyear to announce 2Q 2011 financial results

Career Tracks

Goodyear’s Richard J. Kramer, chairman and chief executive officer, and Darren R. Wells, executive vice president and chief financial officer will participate in an investor conference call following the company’s second quarter 2011 financial results report. The report will be delivered before markets open on Thursday, 28 July, with the call following at 10:00 EST (15:00 GMT). The financial information will be posted on Goodyear’s investor relations website at around 9:45 EST. Goodyear also says that the call can be accessed on the website or via telephone by calling (706) 643-2869 before 9:55 on July 28. A taped replay will be available later that day by calling (404) 537-3406, Conference ID 83080825, and on the website.

14th July 2011/by Tyrepress Editors

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