rubber Archives - Page 90 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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US replacement market remains depressed, little growth in 2011

The US replacement consumer tyre market will remain depressed through 2011, according to an update by the Rubber Manufacturers Association, even as OE shipments to automakers are continuing to grow. The RMA now says that replacement P-metric tyre shipments will fall short of even posting 1 per cent growth for the year, “as continued high energy costs, decreases in non-essential driving, and continued economic uncertainties weigh on the consumer.”

3rd August 2011/by Tyrepress Editors

TAROX to unveil tailored Stainless Steel braided brake lines

TAROX has told Tyres & Accessories that it plans to unveil its new range of tailored Stainless Steel braided brake lines later in 2011. The Italian company says the lines will “offer an ideal replacement to older rubber hoses, being almost impervious to aging and failure, whilst offering a much greater rate of pedal efficiency.” Coated in hard-wearing 95PVC, they will offer the customer “much greater pedal feel allied to a much longer lifespan, when compared to a traditional rubber hose,” according to the company.

3rd August 2011/by Tyrepress Editors

Goodyear declares dividend on 5.875% preferred stock

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 October 1, 2011, to shareholders of record on September 15, 2011. The payout represents an annual rate of US$2.9375 per share.

3rd August 2011/by Tyrepress Editors

Continental pumps up trailer tyre range with UK HTR2 and HTL2 launch

Continental Tyres is seeking to pump up its truck tyre range with two key 17.5-inch tyres in its trailer portfolio: the HTR2 for regional transport and the HTL2 for long-distance transport operations. The tyres are designed and engineered specifically for volume-based trailers and their smaller circumference allows for greater carrying capacity on regional and long-distance work.

Continental’s HTR2 boasts a high load-bearing capacity and “maximum traction” and performance on any road surface. Its special tread design with blocks and narrow grooves is designed to offer “exceptional directional control” while at the same time preventing stones becoming trapped. Furthermore, Continental’s engineers have designed the specific shape of the tread grooves on the HTR2 to for quiet running on more rigorous regional operations.

2nd August 2011/by Tyrepress Editors

Yokohama acquires YHI share in Chinese JVs

In order to fund other expansion programmes, YHI International Limited has sold its share in two joint-ventures it operated in China. In a disclosure made to the Singapore Exchange, YHI reports that on July 29 it entered into two agreements with Yokohama Rubber (China) Co. Ltd to sell Yokohama China its ten per cent stake in Hang Zhou Yokohama Tire Co Ltd and its 49 per cent share in Yokohama Tire Sales (Shanghai) Co. Ltd; the transaction will give Yokohama China 100 per cent equity in both joint venture operations. The stakes in Hang Zhou Yokohama and Yokohama Shanghai have been purchased for S$14,336,052 (£7.28 million) and S$7,999,944 (£4.06 million) respectively.

2nd August 2011/by Tyrepress Editors

Goodyear names newest Board member

A 13th member has been appointed to Goodyear Tire & Rubber’s Board of Directors. This newest member is William J. Conaty, retired senior vice president of human resources for the General Electric Company.

2nd August 2011/by Tyrepress Editors

Nankang a ‘Top 100 Taiwan Brand’

Taiwan’s Bureau of Foreign Trade and the Taiwan External Trade Development Council have chosen Nankang Rubber Tire as one of the country’s 100 most outstanding brands. The “Top 100 Taiwan brands” were named at ceremony on July 26 and the winning companies were selected on a range of criteria that included brand management, industry position, and financial standing.

1st August 2011/by Tyrepress Editors

Continental ups 2011 sales and EBIT forecasts

Continental is raising its outlook for 2011, based on what it called “a very successful first half-year” that included double-digit growth rates for sales and EBIT. “We had previously forecast sales of more than 28.5 billion euros, but we are now expecting at least 29.5 billion euros. We are also targeting an adjusted EBIT margin of around 10 per cent, slightly more than the good 2010 figure of 9.7 per cent,” said Continental executive board chairman Dr. Elmar Degenhart on Friday 29 July on publishing figures for the first half of the year.

29th July 2011/by Tyrepress Editors

Three times the Avon at Spa 24 Hours

Avon has announced that three cars will race on its tyres in this year’s Spa 24 Hours, tripling the brand’s presence. One of three McLaren MP4-12C GT3 race cars will compete on the manufacturer’s tyres, as well as an independent Aston Martin DBRS9 and a Mercedes SLS. Considering its heritage as a motorsport brand, it comes as something of a surprise that last year’s Spa 24 Hours was its debut. Then, the Trackspeed Racing Porsche 997 RSR entry suffered mechanical problems after a competitive start, finishing in eleventh place. This year Avon hopes to prove the ability of its rubber over the entire duration.

29th July 2011/by Tyrepress Editors

Pirelli anticipates demanding Hungaroring, discusses exhaust effect

Pirelli test driver Lucas di Grassi suggests the Hungarian Grand Prix could be different in character to previous seasons, with the manufacturer’s rubber once again central to the race’s result. The Hungaroring is the slowest permanent circuit on the Formula One calendar – with full throttle applied for only about 10 seconds per lap – and the action for this Hungarian Grand Prix is complicated by the risk of rain, which is forecast intermittently for the rest of the weekend. The track has been lightly modified from last year, with the gravel traps on turns three, eight and nine replaced by run-off asphalt, in the interests of safety. Pirelli anticipates a challenging race for Formula One’s drivers, and for the tyres as the drivers seek to gain advantage. The supplier suggests the chicane at turns six and seven will result in a racing line involving some kerbing, adding stress to the tyres, and the penultimate turn 13, where drivers will rely on the tyre compound to work as hard as possible in order first to pull the car through the corner and then guarantee good traction out of it, with limited downforce available.

28th July 2011/by Tyrepress Editors

Pirelli to raise European prices 6% in September

Following the release of its second quarter financial results yesterday, Pirelli announced that it would implement a further round of price increases at the end of the summer. The latest six per cent prices hike will be effective in all European markets across the company’s car, SUV and van tyre product ranges from 1 September. The company reported that the it has had to raise prices as a consequence of the rising costs of “key raw materials, in particular natural and synthetic rubber, and oil.”

28th July 2011/by Tyrepress Editors

Pirelli doubles year-on-year net profit

Positive tyre sector demand was seen in Pirelli & C. Spa’s results for the six months ending June 30, 2011. A full 99 per cent of the Italian manufacturer’s group sales are made in the tyre sector and the company reports that results from the first half of the year “demonstrate continuous growth and improvement of all economic indicators.” In particular, a more than doubling of group net profits is attributed to ongoing efficiency programmes and, more significantly, the effectiveness of price mix actions that have seen sales increasingly concentrated in the premium segment, enabling raw material costs to be offset.

27th July 2011/by Tyrepress Editors

Hankook Q2 “disappointing” – Deutsche Bank analyst

While Hankook’s second quarter represented a record in terms of sales, a Deutsche Bank report has provided a metaphorical cold shower with the “disappointing” news of a 34 per cent slide in year on year operating profit. On a consolidated International Financial Reporting Standards accounting basis, pre-tax profit was also down 20 per cent, while operating profit margin fell to 7 per cent from 12.8 per cent.

27th July 2011/by Tyrepress Editors

Man arrested following Swansea tyre fire

News sources in Wales have reported the arrest by South Wales Police of a 42-year old man from Swansea in connection with the tyre fire on the Fforestfach industrial estate in the south Wales town, which burned for 22 days in June and July. The Environment Agency said 5,000 tonnes of shredded tyres were being stored on the former Mettoys factory; the arrest strongly suggests the waste was held there illegally.

27th July 2011/by Tyrepress Editors

Apollo partners Mahindra & Mahindra in Monsoon Challenge 2011

Apollo Tyres partnered with vehicle manufacturer Mahindra & Mahindra for the first time in Monsoon Challenge 2011, one of the biggest rallies on the Indian off-roading scene. Beginning on Friday, 22 July from the western Indian city of Nasik with more than 50 participating teams, the rally covered 1,500 kilometres in three days, going via Aurangabad and Kolhapur to the beaches of Goa on Sunday, 24 July. The winning team of Somdev Chanda and Nirav Mehta, riding on a Mahindra Stinger, took home a cash prize of Rs 800,000, a sum Apollo says is the largest cash award ever given in any Indian off-roading adventure.

27th July 2011/by Tyrepress Editors