Interstate adds 46 new sizes
Interstate Tire & Rubber Co. increased its already large program with 46 sizes. The total number of sizes of their summer tyre range is now more than 300.
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Goodyear debuts new road-derived NASCAR tyre in Atlanta
MotorsportGoodyear is unveiling a new Eagle race tyre with roots in consumer tyre technology at this weekend’s NASCAR Sprint Cup and Nationwide Series races at the Atlanta Motor Speedway. Reversing the usual development trend of racetrack-to-road, Goodyear’s newly designed right-side tyre marks the introduction of its Multi-Zone Tread Technology, combining two different rubber compounds in a single tread to face the conditions of one of NASCAR’s most demanding speedways.
Rubber prices enter ‘bull market’, tyre makers will be affected
NewsRubber prices are entering a “bull market” as futures hit a three-month high following indications that China's economy is likely to demand more rubber for tyres. According to a Bloomberg report, rubber for delivery in January advanced as much as 3.2 per cent to 278 yen a kilogramme (2,817 a metric tonne) on the Tokyo Commodity Exchange, 22 per cent up from this year’s lowest close.
Goodyear declares further dividend
NewsOn 28 September 2013, the directors of The Goodyear Tire & Rubber Company declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The US-based tyre manufacturer reports that the dividend is payable 1 October 2013, to shareholders of record on 13 September 2013. The payout represents an annual rate of $2.9375 per share.
Cooper shares slide on investor fears
NewsShares in Cooper Tire & Rubber fell 3.3 per cent to US$31.50 on Monday 26 August, putting the stock down 6.1 per cent in total this month. According to the Wall Street Journal, this marks a two-month low and comes off the back of investor fears that the decision India’s central banks to review large deals by Indian companies may affect the transaction. Indeed one report emanating from India suggests that Apollo Tyres’ big for Cooper Tire is about to get reviewed in particular.
Yokohama exhibiting at InterAuto in Russia
NewsYokohama Rubber Co., Ltd., is participating in InterAuto 2013, Russia's 9th international exhibition of automotive industry, which is being held in Moscow between 28 – 31 August. According to the company, the Yokohama exhibit will feature the firm’s three core tyre ranges – the high performance Advan line, the environmentally friendly BluEarth line, and the winter-safe "iceGUARD" line. The tyre maker is also displaying tyres for trucks and buses as well as aluminium wheels.
Union ratifies new Goodyear Deal
NewsBridgestone Americas’ new contract with the United Steelworkers of America was ratified earlier this month, and now it’s the turn of workers at six Goodyear Tire & Rubber plants in the US to give their deal the thumbs up. Workers at Goodyear’s Tonawanda plant, the last to ratify the deal, voted in favour of the four-year contract on 22 August; the USW union says that said members across the six plants approved the deal by a 3-to-1 margin.
Yokohama Advan OE on Mercedes-Benz S-Class
NewsMercedes has selected Yokohama’s Advan Sport V105 MO tyres as original equipment for its new Mercedes-Benz S-Class models. The new S-Class models will come with size 245/50R18 100W.
According to the company, the Advan Sport V105 MO was developed jointly by Yokohama Rubber and Mercedes parent company Daimler AG, and the "MO" mark on the side of each tyre represents Daimler's official stamp of approval. In addition, the tyres' reduced rolling resistance and improved wear resistance meet Yokohama's standards for environmentally friendly products.
Work resumes at Cooper Chengshan, production of non-Cooper brands underway
NewsA spokesperson from Cooper Tire & Rubber’s head office in the US has confirmed to Tyres & Accessories that the Cooper Chengshan joint venture plant, which has now resumed production following strike action, is not manufacturing any Cooper-branded products at the present time; the tyres currently produced at the Rongcheng facility are exclusively other-branded products.
Goodyear to explain US union contract
NewsNext Tuesday, at 9am local time (2pm BST, 3pm CEST), Goodyear Tire & Rubber will hold a conference call to discuss details of its newly ratified master labour contract with the United Steelworkers union. Participating in the conference call will be chairman and chief executive officer Richard J. Kramer and Darren R. Wells, executive vice-president and chief financial officer.
Eldan supplies steel cleaning system to RBSI
NewsEldan Recycling A/S has supplied its Steel Cleaning System to French company RBSI. RBSI has been using the system to clean steel from its existing tyre granulation line since January. According to the company, the Eldan Steel Cleaning System is designed to process up to 2.4 tonnes steel wire per hour with a minimum required purity of 96 per cent (free of rubber and textile).
Cooper Chengshan workers end strike
NewsIt appears the strike at the Cooper Chengshan factory in China is over, and the 5,000 workers are back at their jobs and producing tyres. Details of how the strike was resolved are not yet known.
Bridgestone offering contracts to Sumatra rubber farmers
NewsBridgestone’s subsidiary on the Indonesian island of Sumatra, PT Bridgestone Sumatra Rubber Estate, will enter into trading contracts with local rubber farmers; it is said these contracts will promote cooperation between the farmers and Bridgestone Sumatra Rubber Estate.
Michelin launches ‘B’ version Pilot Road 3 for large touring bikes
NewsMichelin has launched a new ‘B’ version of its Pilot Road 3 sport touring tyre. Specifically, the tyre is designed for large touring bikes including the BMW K1600GT. Using the same siped tread pattern as the original tyre, the new version also features a redesigned casing to aid stability when these bikes are fully-laden with luggage and a pillion.
Managing tyres at Spa-Francorchamps takes ‘special skill’ – Pirelli
NewsFormer Formula One racer Jean Alesi has emphasised the importance of tyre management at the Belgian grand prix. Held at one of the quickest circuits of the season in Spa-Francorchamps, Pirelli’s brand ambassador said that the number of fast corners, combined with the length of the track and variable weather could mean that the tyres cool during the latter stages of the lap, making achieving even performance throughout the lap difficult. The exclusive tyre supplier is bringing the P Zero Orange hard and P Zero White medium tyres, the two hardest compounds in the range, to Spa – an allocation that Pirelli says is “perfectly suited” to the high-energy demands of the circuit. Inclement weather could bring the Cinturato Green intermediate and Cinturato Blue wet tyres into play too.
