rubber Archives - Page 89 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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Hands-off optimum inflation the goal of US/European Goodyear research

Goodyear Tire & Rubber says it is developing a product that may make manual tyre inflation a thing of the past. The US-based manufacturer is working on what it calls ‘Air Maintenance Technology’, or AMT for short. What is potentially revolutionary about AMT is that Goodyear says the system now under development in its research and development centres will enable tyres to remain inflated at the optimum pressure without the need for any external pumps or electronics, thus eliminating excess fuel costs caused by incorrect tyre inflation. All AMT components, including the miniaturised pump, will be fully contained within the tyre.

12th August 2011/by Tyrepress Editors

Further speculation on potential Multistrada purchase

Following earlier reports from multiple sources that Indonesian tyre manufacturer Mulistrada is for sale, further details of the potential purchase have emerged. We already heard that Hongkong and Shanghai Banking Corporation (HSBC) was said to have been named as advisors relating to the sale, but the latest update is that the floor price for the final bid is at least 600 rupiah per share, reflecting 15.07x price to earning ratio (PER) in 2011. Dealer blog Insider Stories reported its sources as saying: “I heard that the floor price is 600 per share. But, there is an opportunity to raise the bid up to 800 rupiah per share.”

11th August 2011/by Tyrepress Editors

BKT introduces new sizes in North America

BKT Tire (USA) has added a number of new sizes to some several US and Canada market product line-up. The tyre maker’s FL 639 flotation radial has a size 560/45R22.5 added to its roster. The on/off-road agricultural implement and trailer tyre was designed for high load capacities at low inflation pressures for minimum soil compaction, and its wide footprint is ideal for soft soil conditions, BKT said.

11th August 2011/by Tyrepress Editors

Yokohama Australia gains ISO 14001

Yokohama Rubber Co., Ltd., has announced that Yokohama Tyre Australia Pty., Ltd. (YTA), its tyre sales company in Australia, obtained ISO 14001 certification on July 25, 2011. YTA began its efforts toward acquisition of certification in August 2010. Its practices were then reviewed by the Australian examination organization SAI Global Limited, and certified. YTA is the second of Yokohama Rubber's overseas tire sales companies to be accredited under ISO 14001, following Yokohama Tire Taiwan Co., Ltd.

11th August 2011/by Tyrepress Editors

Aviation authority reports cold weather hazard for Goodyear inner tubes

Several reports of inner tube failure during cold weather operations have prompted the Federal Aviation Administration in the US to issue a Special Airworthiness Information Bulletin warning of possible failures involving butyl rubber inner tubes manufactured by Goodyear Aviation Tires. The bulletin has been issued as a recommendation and the FAA states that at present the inner tube failure in question does not constitute a safety issue that would warrant airworthiness directive action.

10th August 2011/by Tyrepress Editors

Retreading important for conserving rubber resources, says Chinese association

Speaking with Chinese new site China Economic Net, Zhu Jun, head of the China Tyre Retreading, Repairing & Recycling Association, has highlighted the waste created by China’s low rate of retreading. Zhu Jun stated that, according to statistics at hand, in 2009 more than 230 million waste and end of life tyres were generated in China; of this only 13 million – some five per cent – were considered retreadable.

9th August 2011/by Tyrepress Editors

Hankook, Yokohama and TPG linked to Multistrada purchase rumours

Hankook, Yokohama and buyout firm TPG Capital have all been linked to a possible share purchase of Indonesian tyre manufacturer PT Multistrada Arah Sarana. The firms are said to be bidding for a controlling stake worth “at least $200 million” in the Indonesian tyre maker, the Reuters news agency reports, citing three sources.

Multistrada is Indonesia's second largest tyre maker and is controlled by one of the country's biggest conglomerates, the Salim Group, along with investment banker Peter Tanuri. Together they are said to own over 44 per cent of the firm through direct and indirect stakes.

9th August 2011/by Tyrepress Editors

Cooper Tire a Sears Holdings ‘Partner in Progress’

Sears Holdings, parent company of US retail chains Sears and K-Mart, has named Cooper Tire & Rubber a 2010 Partner in Progress. In acknowledging receipt of this award, which Cooper Tire gained through the supply of its passenger and light truck tyres, the tyre maker notes that less than one per cent of the more than 30,000 Sears Holdings suppliers are recognised in this way each year.

9th August 2011/by Tyrepress Editors

Analysts: Cooper 2Q results a ‘big miss'

“We had expected the second quarter to be tough…for Cooper given the weak second industry shipment numbers and adverse mix, but we were surprised by how weak it actually was,” was the stark verdict of analysts in response to Cooper Tire & Rubber’s most recent financials. This is exemplified in the company’s profitability results.

8th August 2011/by Tyrepress Editors

Fire at Bandvulc, but business continues

Bandvulc Tyres suffered a serious fire on Friday 5 August, but the company reports that business is able to continue. According to a statement released by the company, the fire broke out just outside one of its tyre production areas, which spread into the building through the roof. However “damage to production machinery and stock was thankfully a lot less than had been expected,” Bandvulc representatives explained. BBC news reported that more than 40 firefighters spent the night tackling the fire, but no-one was injured.

8th August 2011/by Tyrepress Editors

Report: Pirelli considering Carlisle investment

Italian tyre giant Pirelli could be considering an investment in the future of its Carlisle plant according to a report by regional newspaper The Cumberland News. The paper reports a conversation with Pirelli’s UK Industrial director Paolo Battistini, who suggested that the company has some “investment forecast for this factory.” Battistini also reiterated the company’s desire to stay in Carlisle, while engineering manager Allan Wilson told the paper that “We want to develop new products in Carlisle for the UK. We’re constantly putting forward our case for investment.”

5th August 2011/by Tyrepress Editors

Sofima Filters developing new CNG/LPG filter range

Sofima Filters has announced the development of a new range of filters for LPG (Liquefied Petroleum Gas) and CNG (Compressed Natural Gas) fuelled car engines. Sofima Filters leading stockist Fuel Parts UK’s managing director Andy West said: “Sofima Filters is consistently demonstrating its ability to progress the aftermarket range of filters on offer. The keen advances and continual growth is why we don’t hesitate to recommend their product range to our clients.”

4th August 2011/by Tyrepress Editors

Cooper profits down, even after sales increase

A faultering US tyre market contributed to poor second quarter results for Cooper Tire & Rubber Co. The tyre-maker saw second quarter net income of just $12 million, down nearly 38 per cent year-on-year, against sales of $922 million, up 15 per cent from the second quarter of 2010. For the entire first half, Cooper posted sales of $1.83 billion, up from $1.56 billion for the same period last year. Net income, however, came to $32.9 million, down considerably YoY from $67.3 million.

4th August 2011/by Tyrepress Editors

Toyo announces plans for new Malaysian tyre plant

Company News, International News, News

Toyo Tires has announced its plans to build a new tyre plant in Perak, Malaysia. The Japanese manufacturer’s board of directors decided to construct a new facility in order to strengthen Toyo’s production-supply capability for passenger car and light truck tyres mainly in the Asia region. Toyo aims to make sales worth 310 billion yen and operating income at 24 billion yen this year from tyres. The company says it has established a “three-point global production supply structure based on Asia, Japan and North America, in order to achieve a world-wide supply of 45 million tyres in 2015, representing an increase of 55 per cent from 2010 levels.

4th August 2011/by Tyrepress Editors

Continental AG manager investigated for Corruption

One of Continental AG’s managers is reportedly under police investigation relating to corruption allegations. Following an article in Germany's Bild newspaper, Bloomberg reported that Frankfurt prosecutor’s office confirmed that such an investigation is underway.

4th August 2011/by Tyrepress Editors