rubber Archives - Page 141 of 347 - Tyrepress

Tyres can’t function without this critical raw material. Whether its natural or synthetic rubber you are interested in, articles bearing this tag feature this indispensable polymer.

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Raw Material Price Cuts Gave Michelin 318 million euros Tailwind in 2H

Financial analysts responded positively to the results, describing second-half 2009 financial position as a “major positive.” However, some key coverage decided against giving forward-looking outlook advice, citing fluctuating raw material costs (specifically natural rubber) as their reasoning.

Writing in an investor’s note dated 12 February, Morgan Stanley representatives commented: “Operating profit was 5 per cent better than consensus, but 3 per cent below our estimate…Net debt was significantly better than expected, ending 2009 at 3.05 billion euros versus our 3.5 billion euros estimate (consensus at 3.6 billion euros).”

3rd March 2010/by Tyrepress Editors

Lanxess Jhagadia Plant Ready to Supply Tyre Industry Customers

The first phase of construction at the new Lanxess rubber chemical plant in Jhagadia, India has been completed. The German specialty chemicals firm reports production at the Gujarat state facility has begun following a building time of less than two years. The site will now supply India’s growing tyre and rubber industry and export markets with ‘Vulkanox’ brand antioxidants.

3rd March 2010/by Tyrepress Editors

Global Carbon Black Demand to Rise 4.3% a Year till 2013

World carbon black demand is forecast to rise 4.3 per cent per year every year until 2013, according to research published by Bharat Books. The report suggests annual demand will reach 11.6 million metric tonnes in 2013 bolstered by a healthy global rubber market in the same period. 60 per cent of demand is said to come from tyre applications. Carbon black demand from the tyre sector is projected to increase 3.7 per cent a year through 2013 to 6.9 million metric tonnes.

2nd March 2010/by Tyrepress Editors

Cooper Reports $52 million Net Income for 2009

Cooper Tire & Rubber Company returned to profit, reporting net income of $52 million (£34.895 million; 38.439 million euros) for the year compared with losses of $219 million (£147 million; 161.890 million euros) in 2008. Annual sales of $2.8 billion (£1.878 billion; 2.086 billion euros) for 2009, were down 4 per cent from 2008.

2nd March 2010/by Tyrepress Editors

Bridgestone Pays 50-Year High for Thai Rubber

A Reuters report says Bridgestone paid $3.28/kg for some quantities on Thai RSS3 rubber in a deal that represents the highest price paid for the grade in 58 years. The report spoke to a dealer in Hat Yai, Thailand, who stated that the Japanese tyre-maker “has been in the market almost every day lately” but that only relatively small quantities were changing hands. The dealer also said that there was little “buying interest from China” currently.

2nd March 2010/by Tyrepress Editors

Lanxess Adjusts 2009 Earnings Forecast

German specialty chemicals manufacturer Lanxess AG has adjusted its earnings forecast for the 2009 business year after preliminary unaudited results revealed what it calls a “significantly better than expected” fourth quarter. The company now expects to achieve pre-exceptional EBITA of 450-470 million euros for full year 2009 after previously forecasting 400-420 million euros upon the publication of the third quarter results in November 2009. LANXESS posted EBITDA pre-exceptionals of 721 million euros in 2008.

1st March 2010/by Tyrepress Editors

Graduation for First Hankook Dunaújváros Students

The first rubber technology engineers studying under the joint education programme run by Hankook Tire Hungary Ltd. and Dunaújváros College have graduated. The tyre maker reports the ten graduates received their diplomas at a ceremony held in February.

1st March 2010/by Tyrepress Editors

Nestlé Develops a Sweet Tooth for Michelin Trailer Tyres

Nestlé Logistics is rolling out Michelin's 455/45 R 22.5 X One MaxiTrailer tyres across its fleet following a year-long tyre trial. During the 12-month period, a Montracon trailer in service with Nestlé covered 200,000 kilometres, and at the end was capable of travelling a potential further 20,000 kilometres before re-grooving is performed. The Michelin tyres were fitted as original equipment on the trailer, which has operated since new on busy trunking routes between the Nestlé factory in York and its distribution hubs across the UK.

1st March 2010/by Tyrepress Editors

China’s Tyre-makers Facing Tougher Competition – From Majors

China's tyre-makers are facing tougher – and growing – competition from major industry names, says Tire Review, as companies like Groupe Michelin, Bridgestone Corp and others are boosting their investment in China. According to the People’s Daily, “Booming domestic market made foreign companies more confident in their expansion in China, and will lead to more fierce competition,” said a manager from an unnamed Chinese tyre-maker located in Shandong province.

26th February 2010/by Tyrepress Editors

ETRA to Focus on Eco-Innovation at 17th European Conference

Ecological innovations will take pride of place at the European Tyre Recycling Association’s 17th European Conference on Tyre Recycling in Brussels on 17-19 March, 2010. The themed event will comprise a “Pyrolisys Forum” during the ETRA Assembly Meeting, including the presentation of research studies on tyre recycling materials and their employment on road sector and civil enginery, rubberised bitumen and asphalt, buildings and concrete, thermoplastics, thermal and acoustic insulation.

26th February 2010/by Tyrepress Editors

Yokohama Aero Tyre Equipment Heading to UK Following DATL Acquisition

Company News, International News

Testing and manufacturing equipment made available following Yokohama Rubber’s decision to withdraw from the aircraft tyre from the aircraft business has been acquired by Dunlop Aircraft Tyres. The Birmingham based manufacturer has signed an agreement to purchase several pieces of radial and crossply tyre manufacturing equipment including an additional dynamometer. These products should enable Dunlop Aircraft Tyres to expand manufacturing capacity and enable the company to offer new products, such as radial main tyres for the Boeing 777.

26th February 2010/by Tyrepress Editors

Cooper Announces Quarterly Dividend

Cooper Tire & Rubber has announced a quarterly dividend of 10.5 cents per share on common stock, payable March 31, 2010, to stockholders of record at the close of business March 2, 2010. This will mark the 152nd consecutive quarterly dividend paid by Cooper Tire & Rubber Company.

26th February 2010/by Tyrepress Editors

Simex Adds SE65 to Industrial Range

Last year Continental made the decision to begin importing industrial and earthmover tyres manufactured by joint venture partner Simex into the UK and Ireland. The range available in this sector has now been expanded through the launch of the Simex SE65, a product designed for the construction industry.

26th February 2010/by Tyrepress Editors

Down Market Gives Titan $300 Million Sales 2009 Drop

Extended OEM shutdowns and downturns in its core markets led US company Titan International to a $300 million sales fall-off in 2009, reports Tire Review. Titan posted 2009 sales of $727.6 million, as compared to $1,036.7 million in 2008. Net loss for the year was $24.6 million, compared to net income of $13.3 million in 2008.

25th February 2010/by Tyrepress Editors

Bridgestone Reports 4×4 Run-Flat Popularity

Bridgestone’s 4×4 run-flat (RFT) tyre, the Dueler H/P Sport RFT, has proved a popular choice with 4×4 vehicle manufacturers and has a number original equipment fitments including recent fitments on the BMW X5M and X6M, according to the tyre manufacturer.

25th February 2010/by Tyrepress Editors