rubber Archives - Page 308 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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Tread Rubber Shipments to Grow This Year: RMA

(Akron/Tire Review) The Rubber Manufacturers Association’s (RMA) Tread Rubber Market Analysis Committee has reported that shipments of tread rubber will grow in 2005 to represent approximately 17 million retreaded tyres in the US. This will be the third consecutive year that shipments have increased, the committee noted.

“Strong demand for commercial tyres will result in a 2.7 per cent increase in tread rubber shipments for the year,” the RMA also said. “This is nearly double the 1.5 per cent growth seen in 2004 shipments.” Growth will continue through 2007 at an annual rate of 1.5 per cent, the association forecasted.

25th April 2005/by Tyrepress Editors

Yokohama Establishes Sales Company in Russia

Yokohama Rubber Co has established a tyre sales subsidiary in Russia on 1 April to reinforce local marketing. The Moscow based company is called Yokohama Russia L.L.C and operations will commence in late April. The new company is a joint venture between Yokohama and Itochu Corporation (with 85.1 and 14.9 per cent shares respectively).

22nd April 2005/by Tyrepress Editors

Cooper Feels Effects of Arkansas Strike

Cooper has reported a sharp drop in profits as it feels the effect of the month long strike at its Arkansas plant. Publishing its first quarter results the company said is made $5.2 million or 7 cents per share for the period ended 31 March, compared with $24.3 million (32 cents per share) the year before.

21st April 2005/by Tyrepress Editors

Goodyear to Receive $22 Million Insurance Settlement

(Akron/Tire Review) The Goodyear Tire & Rubber Co has announced it will receive $22 million as part of an insurance settlement for asbestos- and pollution-related claims it had filed. The $22 million, part of a settlement agreed upon 13 April, will be paid by Lloyd’s Underwriters and reinsured by Equitas Limited in the second quarter of 2005.

20th April 2005/by Tyrepress Editors

Cooper Personnel Changes

(Akron/Tire Review) Carl Casalbore, vice president of marketing and retail sales at the Cooper Tire & Rubber Co., has announced his departure from the company, and Robyn N. Dashnaw has been appointed territory sales manager by the Findlay, Ohio-based tyre manufacturer.

20th April 2005/by Tyrepress Editors

TIA Appoints New TRRAC Members

(Akron/Tire Review) The Tire Industry Association (TIA) has recently made new appointments to its Tire and Rubber Recycling Advisory Council (TRRAC).

The new council members include:

• Doug Barr, president, Barr Formulated Products
• Denise Kennedy, vice president, California Operations for Waste Recovery West
• Monte Niemi, president, First State Tire Disposal

According to TIA, TRRAC was formed about 10 years ago, and its mission is to “ensure the long term viability of tyre and rubber recycling worldwide while pursuing economic and environmental benefits.”

20th April 2005/by Tyrepress Editors

Forecast Predicts Chinese Rubber Growth

A forecast by the China Minmetals & Chemicals Import and Export Chamber of Commerce says that demand from the tyre industry will be the major factor in a rise in the price of rubber and growth in the Chinese Rubber Industry in 2005.

20th April 2005/by Tyrepress Editors

GE Expands to Meet Demand for Silica Tyres

GE has expanded its capacity for high technology silanes used in the production of silica tyres. Additional capacity was brought on line last week to meet the high demand for GE’s new proprietary process.

“Demand has been very strong for our new NXT silane that helps enable fast and easy dispersion of silica during rubber compounding for silica tyres,” said Dr. Ian Moore, general manager for GE’s global silanes business. “We are focusing resources on new products and processes, and this is another move in our long-term strategy for growth in the silica tyre segment. In fewer than 24 months of design and construction, we developed and deployed an innovative process that delivers vastly increased capacity for silanes.”

15th April 2005/by Tyrepress Editors

Marangoni Taps Rizzi to Lead Sales

(Akron/Tire Review) Marangoni Tread North America has named retreading industry veteran Donald Rizzi as its new national sales manager.

Prior to joining Marangoni, Rizzi was regional manager for Goodyear’s retread systems business, regional manager for Goodyear Commercial Tire Systems, and a Six Sigma project manager for Goodyear. Through his career, Rizzi held sales management positions with Long Mile Rubber Co., Oliver Rubber Co. and Ultima Rubber Products.

“We are very pleased that Don has joined us,” said Bill Sweatman, Marangoni Tread North America president. “Our business continues to grow at a rapid rate and Don will not only help us to keep that momentum going but will improve our representation and service to our valued customers, our independent dealer network.”

15th April 2005/by Tyrepress Editors

Worker Dies at Goodyear Plant

(Akron/Tire Review) News reports say that a contract worker at Goodyear Tire & Rubber Co.’s plant in Lawton, Okla., was found dead on 10 April, with part of his body wedged between the spools of a rubber calendar. As of Monday, Lawton law enforcement authorities were trying to determine if the man died as a result of being trapped in the machine, or if he suffered a heart attack or other illness and fell into the equipment.

The unidentified man was employed by a temporary employment agency that provides workers to the facility, said reports. According to news sources it was the first fatality ever for the plant.

14th April 2005/by Tyrepress Editors

Steelworkers and PACE Agree to Merger

(Akron/Tire Review) Members of the United Steelworkers of America (USWA) and the Paper, Allied-Industrial, Chemical and Energy Workers (PACE) have voted overwhelmingly to merge. The votes were held yesterday at concurrent national conventions of the two unions, both being held in Las Vegas.

The new union will be called the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International or USW for short, according to the USWA. The merger creates North America’s largest labor union, with a combined total of 850,000 members.

14th April 2005/by Tyrepress Editors

Tyre Companies Invest in China

According to a report from Bloomberg, foreign direct investment in China rose by 9.5 per cent in the first quarter. It attributes this to companies such as Avon Products and Goodyear Tire & Rubber that are expanding in the market and furthering their attempts to tap rising demand in Asia’s second-largest economy.

13th April 2005/by Tyrepress Editors

Striking Cooper Employees Return to Work

(Akron/Tire Review) About 1,700 union workers at Cooper Tire & Rubber Co.’s Texarkana, Ark. plant are returning to work, ending a month-long strike.

Last week, it was reported that a tentative agreement between the United Steelworkers of America Local 752L and Cooper had been reached.

Yesterday, 708 employees approved the contract proposal, while 632 members voted against it.

Details of the agreement were not obtainable at the time of print.

12th April 2005/by Tyrepress Editors

Goodyear Extends Debt Maturities

(Akron/Tire Review) The Goodyear Tire & Rubber Co announced that it has closed $3.65 billion in new credit facilities, including a $1.5 billion asset-based revolving credit facility due in 2010.

Other credit facilities include a $1.2 billion second-lien term loan due in 2010 and a $300 million third-lien secured term loan facility due in 2011.

12th April 2005/by Tyrepress Editors

Yokohama to Exhibit at Auto Shanghai

Yokohama Rubber will participate in the 11th “Auto Shanghai 2005”, which runs from 22-28 April in Shanghai, China.

In an effort to enhance its image as a supplier of high performance tyres, the company will show AVS dB and ASPEC A380 high-performance passenger-car tyres manufactured by Hangzhou Yokohama Tire; Yokohama’s manufacturing and marketing subsidiary in Hangzhou City, Zhejiang Province, China. It will also exhibit GEOLANDAR H/T-S on-road-use SUV tyres to be manufactured and marketed by the subsidiary this year.

11th April 2005/by Tyrepress Editors