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Goodyear wants to end Sumitomo Rubber tyre joint venture

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Sumitomo Rubber's Kobe headquarter building

Goodyear Tire & Rubber Co. Ltd has asked Sumitomo Rubber Industries Ltd. to end the two companies’ tyre joint venture in Europe and alliances in Japan and the US. According to a report published by the Kyodo news agency and reproduced by numerous sources online, the increasing influence of emerging economies (as opposed to the mature markets in the cooperation) is behind the move. A Japanese language statement on Sumitomo’s corporate website appears to confirm the report. Tyres & Accessories is seeking further confirmation and comment on this breaking news and will publish additional details as they become available.

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Related news:

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Fortune 500 leader Chambers joins Lehigh Board of Directors

Lamar Chambers

Sustainable materials company Lehigh Technologies has elected Lamar Chambers, former senior vice president and chief financial officer at Ashland Inc, a leading specialty chemical company with more than $8 billion in revenue, to its board of directors. Chambers led Ashland’s financial organization during a period defined by multiple high-profile acquisitions and significant change in the […]

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Momo aims to generate international interest in 2014

Momo Tires is planning to generate more international interest in 2014, with the news that it is participating in three different trade fairs this year. The first will be the Tyre & Rubber Indonesia, which will take place from 19 – 22 March 2014 at JIExpo Kemayoran Jakarta.

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Styron launches two new Sprintan tyre rubber grades

Styron has added two new Sprintan-branded rubber grades for use in tyre manufacturing. According to the company, Styron’s Sprintanrubber portfolio offers “high performance solutions” to answer specific tyre industry needs. The range includes rubber grades with enhanced wet grip and wear performance, as well as grades that provide a good balance between traction and rolling resistance.

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Cabot launches 2 new ‘Propel’ Carbon Blacks for use in tyre treads

Cabot Corporation has launched two new carbon black products for tyre tread applications. According to the company, Propel E7 carbon black is engineered to reduce tyre rolling resistance and improve vehicle fuel economy. Propel D11 carbon black is designed to provide a high level of tread durability and is purposed for use in both short-haul truck and off-the-road vehicle tyres. Cabot has been showcasing the new products at Tire Technology Expo 2014 in Cologne, Germany.

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Ekoprena being showcased at Tire Tech Expo

Now UL/Malaysia’s sustainable raw material for more fuel efficient tyres is in commercial production, Ekoprena is being showcased at this week’s Tire Tech Expo.

Ekoprena representatives report that they will be explaining why this material is “the only way for tyre manufacturers to be at the forefront of green innovation and to claim ownership of the most ecologically sound tyres.”

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Goodyear tyres OE on Chrysler 200

Chrysler has approved Goodyear’s Assurance Fuel Max in size 215/55R17 as standard equipment for certain models in its upcoming 200 range, which goes on sale in North America during the second quarter of 2014. In announcing this latest original equipment deal, Goodyear Tire & Rubber notes that its tyres are on more new vehicles in North America than any other brand.

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Yokohama OE for Porsche Panamera

The Advan Sport V105 N-0 has been approved as an original equipment fitment for the Porsche Panamera. Yokohama Rubber shares it will supply the Porsche saloon with the Advan in size 255/40ZR20 (101Y) for the front wheels and 295/35ZR20 (105Y) for the rear.

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Yokohama to sponsor US LPGA tournament

Yokohama Tire Corporation has entered a multi-year contract to sponsor a US-based Ladies Professional Golf Association (LPGA) tournament. The tournament will become known as the Yokohama Tire LPGA Classic and this year will be held in Prattville, Alabama between 18 and 21 September.

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Apollo Tyres says yes to Eastern Europe, Asia, and no to China

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It appears to be a case of once bitten, twice shy for Apollo Tyres. Following its experience with Cooper Tire & Rubber, and particularly its joint venture subsidiary Cooper Chengshan, the Indian tyre maker seems ready to give China a wide berth for the time being.

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Westlake to expand 4×4/SUV range in 2014

Westlake Tyres, Zhongce Rubber’s flag brand, has announced plans to expand its range with the intention of positioning itself as “a leading provider of tyres in the fast-growing SUV and 4×4 tyre segment”.

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Toyo establishes Mexican subsidiary

Toyo Tire & Rubber reports it has expanded its automotive operations in the Americas with the establishment of Toyo Automotive Parts De Mexico S.A. DE C.V. The subsidiary specialises in automotive anti-vibration products and began operation in January. The Japanese company says the opening of Toyo Automotive Parts De Mexico will enable it to bolster sales of automotive anti-vibration rubber products in the global market through the creation of an optimal supply structure in Mexico, a location it expects will continue to grow as a global production and export base for motor vehicles.

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Hercules purchase “fits very well” into ATD growth plan

This month, American Tire Distributors (ATD) acquired Hercules Tire & Rubber for approximately US$310 million. Further details of the deal beyond the news reported this week have been published by US trade publication Tire Review, who yesterday spoke about the purchase with Ron Sinclair, senior vice-president of marketing at Hercules Tire & Rubber.

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Related news:

  1. ATD buys Hercules Tire
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Report: Carbon black manufacturing is moving to China and India

Most carbon black manufacturing units in the western world, especially in North America and Europe, are being forced to shut down their operations because of the heavy competition they are facing from low cost Asian manufacturers. That’s the view of Tech Archival analysts, who said as much in a report entitled “China Carbon Black: Assessment, Opportunities & Forecast Up-to 2018”, which was published 24 January.

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Related news:

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  4. ‘Most modern’ butyl rubber plant opens
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ATD buys Hercules Tire

Major US-based replacement tyre wholesaler American Tire Distributors (ATD) has acquired Hercules Tire & Rubber for approximately US$310 million. Details of the purchase – described as a merger – were submitted to the United States Securities and Exchange Commission on 24 January. Subject to closing conditions, the transaction is expected to be consummated by the end of January 2014.

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  1. Hercules purchase “fits very well” into ATD growth plan
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