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.
Harry Rogasch is reporting to Berlin as head of Continental’s new Liaison Office for Public Affairs. The office opens for business in the new year and Rogasch’s responsibilities will include representing the legislative and regulatory interests of the company's Rubber and Automotive Groups and engaging in dialogue with political, administrative, and regulatory institutions in the German capital.
The Retread Tire Association reports a membership list approaching the 300 mark. The US-based retreading association has announced the addition of a number of new members, including Chilean retreading association Asociación De Renovadores Y Recauchadores De Neumáticos De Chile, Malaysian companies Eversafe Rubber Works, P Tread 1 Rubber Company and Sun Rubber Industry, plus – closer to home – Illinois-based firm Salem Tire Center. According to the RTA, the association has also gained several other new members, however they have opted to remain anonymous.
The results of a study involving questionnaires and face-to-face interviews with more than 70 experts from 32 tyre makers, including all top 20 suppliers, show 85 per cent of the companies questioned expect the new EU tyre labelling regulation will significantly impact their daily businesses. Most of those questioned also view the regulation as an opportunity rather than a burden.
The 11th International Mining and Machinery Exhibition (IMME) took place in Kolkata, India between 5 and 8 December. During the show Apollo Tyres launched the largest OTR tyre produced in the country, the XTRAX 40.00‐57.
On 7 December Goodyear Tire & Rubber announced it will transfer its stock exchange listing to the NASDAQ Global Select Market from the New York Stock Exchange. Goodyear’s common stock shares will begin trading on the NASDAQ Global Select Market on or about 18 December 2012 under the current Goodyear ticker symbol “GT.” Additionally, Goodyear’s 5.875 per cent mandatory convertible preferred stock will trade on the NASDAQ Global Select Market under the ticker symbol “GTPPP.”
The successor to Metzeler’s Karoo and Karoo T will be available in spring 2013, the tyre maker reports. The motorcycling world gained a sneak preview of the new Karoo 3 at November’s EICMA motorcycle show in Italy, and when it hits the road next year the tyre will be available in three front wheel and six rear sizes. Metzeler describes the new knobbly tyre as a product “designed for bikers who love adventure and off-road travel.”
Toyo Tire & Rubber Co., Ltd. president and CEO Kenji Nakakura has announced a change in name for its forthcoming consolidated tyre manufacturing subsidiary in Malaysia. Formerly Toyo Tyre Manufacturing (Malaysia) Sdn Bhd, the passenger and light truck tyre manufacturing facility will now be known as Toyo Tyre Malaysia Sdn Bhd. The factory will begin operation next spring.
The Hindu Business Line reports that faling rubber prices in India led to shares in India’s major tyre makers rising up to five per cent earlier this week. The newspaper stated on 5 December that Apollo Tyres, MRF, JK Tyre and Ceat were amongst those to gain, and MRF stock hit an all-time high of Rs 11,892 (£135.32) on the Bombay Stock Exchange.
The Board of Directors at the Goodyear Tire & Rubber Company now has 12 members following the election of John E. McGlade. When not sitting on Goodyear’s board, McGlade is chairman, president and chief executive officer of Air Products & Chemicals Inc.
The Goodyear Tire & Rubber Company has been named a Thomson Reuters 2012 Top 100 Global Innovator for the second consecutive year. “This recognition is further evidence that Goodyear is continuing its drive as the tyre industry’s innovation leader,” stated chief technology officer, Joseph Zekoski.
Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The dividend is payable 1 January 2013 to shareholders of record on 14 December 2012. The payout represents an annual rate of US$2.9375 per share.
Retreading materials supplier Oliver Rubber is commemorating its 100 anniversary. The US firm was founded in Oakland, California in 1912 by engineer Marion F. Oliver, and believes it may well be the first company to retread tyres using pre-cure rubber; it accomplished this feat in 1916. In that same year Oliver Rubber became one of the first in the industry to work with organic accelerators and use carbon black as a reinforcing pigment.
In the 12 years since Bandvulc Tyre Contracts (BTC) was formed in 2000, the company has established a 24/7/365 Tyre Support Unit (TSU), Galahad job sheet web software, a fully functional disaster recovery suite, new generation phone hardware/software and web-based reporting. Today the business manages over 100 key transport fleets including many well-known blue-chip names with the UK’s largest supermarket retailers all using Bandvulc tyres managed by BTC. At the centre of all this is what the company refers to as a technology and specifically a software revolution.
Swedish polymer group Hexpol has acquired US retreading industry supplier Robbins. The US$89.2 million deal covers the purchase of Robbins Holdings, Inc., including Robbins LLC.
Repsol Honda’s Dani Pedrosa finished his most successful MotoGP season with victory at Valencia, having started in the pit lane after making a late decision to swap to slick tyres. He crossed the finish line in spectacular style, 37.661 second ahead of his nearest competitor, Yamaha Factory Racing’s Katsuyuki Nakasuga, gaining his first ever MotoGP podium. In third place was Repsol Honda’s Casey Stoner, ending his MotoGP career with a podium. San Carlo Honda Gresini’s Michele Pirro scored the best CRT result of the season by finishing in fifth place, having dared to start the race on slick tyres. Immediately after the MotoGP, Bridgestone kicked off developments for 2013, with a test somewhat compromised by continuing damp weather.
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