Aug 31, 2017 - BKT to build new carbon black plant. 6. Indorama acquires DuraFiber. 6. Phillips Carbon Black to increase
Return to Contents page
R E S E A R C H Compiled by Shaw Information Services trading as
Global Tire Intelligence report
Tire Industry Research © 2017 Shaw Information Services Ltd For subscription enquiries
[email protected] +44 208 647 1185 www.TireIndustryResearch.com
Dateline: 31 August 2017
Opinion & commentaries: Kumho deal P3 nears endgame China’s Tire industry P4 in August
This includes a range of updated commentaries that were intially published in earlier editions of this publication, as well as new commentaries, tables and data. New features in this issue include: • Global Investments
• Overview of China’s tire industry
Section 1: Investments and closures
5
Section 2: People
8
Section 3: Legislation and government 10
Page 1 of 29 — 31 August 2017
The August issue of this publication is slightly shorter than usual, as we have less commentaries. Instead, we are offering our annual tire databook as part of the subscription package.
• Half-year results summary
News & analysis
The newsletter contains information about the global tire industry. The information is provided in good faith, but it is not advice, and should not be treated as such. Without prejudice to the generality of the foregoing paragraphs, we do not represent, warrant, undertake or guarantee that the information in the newsletter is correct, accurate, complete or non-misleading. We will not be liable to you in respect of any special, indirect or consequential loss or damage.
Annual Tire Databook 2017
Section 4: New business models
12
Section 5: Statistics
13
Section 6: Perspective
15
Section 7: Raw Materials
17
Section 8: Company results
19
Section 9: Company information
23
Section 10: What’s Green
27
Our Annual databook normally sells for GBP500 as a standalone issue. As subscribers to the monthly report, you are receiving it as part of your subscription package.
For more information see http://TireIndustryResearch.com
About this publication This document has been prepared in response to demands from the global tire community for insight into all aspects of the global tire industry value chain.
During conversations with many Chinese people, we identified a strong need in China for a source of information on the global tire industry that lies outside of the official Chinese government channels. Furthermore, in conversations with industry analysts, we identified a need for a regular publication that explains and analyses key developments in the global tire industry.
About the author. This report is compiled by David Shaw. Mr Shaw publishes widely on LinkedIn about the tire industry. He has a 30-year track record reporting on the global tire industry at the highest levels. He publishes market research reports; offers a weekly news service and manages conferences globally. For more information see http://TireIndustryResearch.com
© 2017 Shaw Information Services Ltd
R E S E A R C H
Return to Contents page
Contents
About this publication
1
Kumho update China’s tire industry in August Section 1: Investments and closures
3 4 5
Bridgestone to invest $304m in Indian factories Pirelli to add compounding line at Breuberg Cooper Tire to invest in Arkansas plant Work continues at Sentury, despite delays MRF to invest Rs40,000m in Gujarat plant Sentury to build 14ha US HQ in Georgia Nokian to add new production line in Russia Nashville to give Nokian $28.5 million grant Goodyear to finish R1bn investment in E Cape Bonsa Tyre factory to be revamped Mozambique tire plant sold to printing company Stamford Tyres sets up subsidiary in China Camso buys Omni Industrial Tires BKT to build new carbon black plant Indorama acquires DuraFiber Phillips Carbon Black to increase capacity ExxonMobil buys land next to Baton Rouge unit Toyo to divest chemical, polyurethane units Smithers adds to Michigan winter test facility Continental, Kordsa create adhesion system
Section 2: People
Alexander Bahlmann dies suddenley Bridgestone names Innovation chairman Bridgestone SA names Young as CEO Yokohama announces change in management Goodyear names Helsel as new CTO Mike Welch joins US online tire retail start-up Liberty Tire Recycling names Womble as CEO TVS appoints new CFO Bridgestone Americas names head of OTR unit ARDL announces new president Birla names Bass as head of N America unit ITIA appoints new CEO Maxam announces two appointments Toyo announces staff changes Kenda hires director of business development Bridgestone announces staff changes Bridgestone announces staff changes ZC Rubber appoints European Sales Mananger Yokohama announces staff changes TIA announces 2017 Hall of Fame honourees
5 5 5 5 5 5 5 5 6 6 6 6 6 6 6 7 7 7 7 7
8 8 8 8 8 8 8 8 8 8 8 8 9 9 9 9 9 9 9 9 9
Section 3: Legislation and government 10 EC to investigate Chinese TBR imports Indian panel seeks National Rubber Policy India to introduce antidumping duty on TBR
Page 2 of 29 — 31 August 2017
10 10 10
DGAD recommends duties on Chinese TBR tires JK Tyre seeks anti-dumping duty on TBR tires Mexico probes alleged E-SBR dumping MOFCOM to investigate imports of halobutyl IHRA opposes truck tire levy Michelin and Conti go to court over ‘X’ symbol US seeks comments on fuel saving standards UK government permits truck platooning trials VW to be taken to court over tire cupping Digital tire monitoring to be enforced in UAE New Jersey bans sale of unsafe used tires Faulty tires kill eight in Dubai Thailand promotes domestic use of NR
10 10 10 10 10 11 11 11 11 11 11 11 11
Section 4: New business models
12
ZC Rubber, Alibaba create AI system Faraday Future acquires old Pirelli factory Conti develops wheel/braking concept for EVs Continental says charging key to EV growth Apple wanted spherical wheels on self-driving car SRI to raise effort in electric vehicle tires Alphabet updates online tire service portal Rubber nanosensor tested in the Philippines
12 12 12 12 12 12 12 12
Section 5: Statistics
13
Section 6: Perspective
15
Section 7: Raw Materials
17
Decrease in US tire shipments expected in 2017 Car sales increase in Europe, China; fall in US August US new vehicle sales slowest all year US vehicle sales to decline 600,000 units in July Germany’s car market grew in July UK new car market falls in July Rubber Board publishes India data for 2016-17 Indian tire demand to grow 7-8% in FY18-19 Indian automobile sales pick up Malaysian natural rubber production increases Indian NR production increased in July No more IC engine development after 2023 Sumitomo to stop Goodyear offtakes in US Harvard scientists develop self-healing rubber Demand for all-season tires has increased Michelin tops Chinese OE vehicle satisfaction GST cuts truck travel time by 25% Producing real world data for tire modelling New tire prices now competitive with retreads Membat publishes TÜV SÜD performance tests South African tire trends affect industry Ford to replace problematic MRF tires AA attends tire breakdowns every minute The origins of Goodyear, Arizona Japanese chemical firms make next-gen rubber US Sep BD contract to increase by 5 cents Asian petrochemical market to remain bullish
13 13 13 13 13 14 14 14 14 14 14
15 15 15 15 15 15 16 16 16 16 16 16 16 17 17 17
NKNH marks 50th anniversary with a tour N. American carbon black hit by supply issues Tokai Carbon hikes prices, cuts capacity Gazpromneft opens TDAE oil plant Louisville councillors resists ASRC plans Sri Lankan rubber production drops 50% NR prices don’t reflect fundamentals, say IRCo Vietnam rubber plantations destroyed by storm ANRPC meet to focus on efficient supply-chains Thailand to host ITRC meeting RRII facilities open to Indian rubber industry Rubber growers in India blame gov’t for trouble Fire breaks out at Thai rubber plant Firestone Liberia halts buying on oversupply
17 17 17 17 17 18 18 18 18 18 18 18 18 18
Section 8: Company results
19
Bridgestone’s profit falls on higher revenues Sales, profits fall at Goodyear in the first half Goodyear India sees poor Q1 results Continental sees 10% sales growth Yokohama revises 2017 sales projections Yokohama posts gains in first half of 2017 SRI sees reduced profit, operating profit Cooper sees reduced profit due to NR prices Toyo reports increased net sales, profit Hankook’s sales, operating profits fall Titan reports increased losses in Q2 Kumho Tire profit dips 26.4% Nexen Tire to recover from third quarter Korea’s top tire makers hit by higher NR costs Nokian has strong first half of year MRF net profit declines over 78% YoY Apollo’s net sales, operating profit fall in Q2 JK Tyre posts net loss Ceat profits fall 99% on pricey raw materials Kelani profitability falls on higher rubber prices Brisa’s profits fall despite higher revenue Stamford publishes annual report Delticom sees 8% increase in revenue National Tyre Services narrows loss by 75% SIBUR sees 15% increase in EBITDA Trinseo sees increased net sales YoY Arlanxeo sees 25% increase in sales Zeon sees increased sales, net profit in Q1 Rubber profits rise on lower raw material costs SRF sees slower recovery than expected Hyosung Group sees increased revenue Bekaert consolidated revenues rise by 15% Solvay sees 11% increase in net sales Cabot posts strong sales in Q3 Orion’s revenue, net income increases Nynas sees increased sales volumes, net sales TKH reports increased organic growth, EBITA Pyrolyx completes IPO on ASX
19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 21 21 21 21 21 21 21 21 21 21 21 22 22 22 22 22 22 22
Section 9: Company information
23
Section 10: What’s Green
27
Bridgestone receives US military contract Footwear brands partner with Michelin Goodyear uses soybean oil in silica compounds Goodyear reaches agreement with USW USW members approve Goodyear contract Pirelli plans to increase presence in India. Senior Goodyear executive sells shares Pirelli launches limited edition special tire Pirelli to offer 30 – 40 percent IPO stake Pirelli rejects CEFC offer Yokohama describes Philippine fire damage Yokohama to raise prices again SRI to Integrate Dunlop sports business Burson-Marsteller wins General Tire PR account Hankook partly responsible for worker’s death Hankook works to build sustainability Apollo Tyres aims for 20/80 sales ratio in EU Apollo has much to gain from anti-dumping duty Apollo Tyres to double two-wheeler tire sales Nokian and Fiege renew cooperation Nokian shows eco-friendly tread compound DEKRA expands its market position in Portugal DEKRA now certifying for the Internet of Things Saudi group visits Hankook’s new R & D centre VW Polo to come with Kumho Ecowing tires New organisational structure for Brisa Orion to increase US carbon black prices Sentury to begin aircraft tire production in 2017 Transense wins contract with BHP in Australia Kumho wins second consecutive IDEA award Pyrolyx closes over $30m in bonds Pyrolyx plant construction begins in US Michelin showcases agricultural tire prototypes Kazakh dandelion as an NR alternative Cooper and partners complete grant goals Cooper Tire releases 2016 sustainability report Ontario implements new tire recycling law Fraud allegations close Ontario ELT programme Ireland launches EUR1mn fund for ELT tires Stawell tire dump sold to offshore company Stawell tires to be cleared against owners’ wishes Aliapur launches targeted tire shred campaign Used tires and cooking oil made into biofuel Partnership aims to tackle Scotland’s ELT tires Bacteria devulcanise rubber Bridgestone helps protect Daintree rainforest Texas tire stores dumping scrap tires US Toxicology unit updates rubber turf study JK Tyre launches comms system for rural India Mexico retreads 1.11mn tires/year Australian town sets up Aus$1.5mn fund for ELT
© 2017 Shaw Information Services Ltd
23 23 23 23 23 23 23 23 23 24 24 24 24 24 24 24 24 24 25 25 25 25 25 25 25 25 25 26 26 26 26 26 26 27 27 27 27 27 27 28 28 28 28 28 28 28 28 29 29 29 29
R E S E A R C H
