Global Tire Intelligence report - Tire Industry Research

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Jul 31, 2017 - Sentury releases China's first civil aviation tires. 15. New TBR, PCR tire ... August European BD contrac
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R E S E A R C H Compiled by Shaw Information Services trading as

Tire Industry Research © 2017 Shaw Information Services Ltd

Global Tire Intelligence report Dateline: 31 July 2017

Opinion & commentaries:

ETRMA looks to future P3 Section 1: Investments and closures ETRMA outlines priorities for the tire industry EU to change tire labelling rules

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Global NR outlook

Actual production 实际生产 Normal production 正常生产

www.TireIndustryResearch.com

News & analysis

Actual demand 实际需求 Projected demand 需求预测

3 6

P7

2027

GM pushes for sustainable NR

GM gets serious about de-forestation and tires Tire industry reacts to the GM initiative

Global Witness on tires & NR

Global Witness’ view on NR and de-forestation Our View

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. Page 1 of 32 — 31 July 2017

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P11 11 12

Kumho deal P13 nears endgame China Tire report

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15 Section 2: People 18 Section 3: Legislation and government 19 Section 4: New business models 21 Section 5: Statistics 22 Section 11: Strategy 24 Section 6: Perspective 25 Section 7: Raw Materials 26 Section 8: Company results 28 Section 9: Company information 29 Section 10: What’s Green 33

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

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Contents

Section 2: People

18 18 18 18 18 18 18 18 18 18

About this publication

1

FEATURES ETRMA looks to future

3

ETRMA outlines priorities for the tire industry EU to change tire labelling rules

3 6

Global NR outlook

7

World Rubber Industry Outlook 

7

Goodyear names chief procurement officer Apollo Vredestein appoints three new directors Bridgestone announces new Asia Pacific V-P Pirelli Deutschland announces new CEO Birla Carbon announces new COO Continental expands its US workforce GCR names Hoeft as new COO Cooper adds staff for Middle East expansion Hexpol announces new President and CEO

GM pushes sustainable NR

9

GM gets serious about de-forestation and tires Tire industry reacts to the GM initiative

9 9

Section 3: Legislation and government 19

Global Witness on tires & NR

11

Global Witness’ view on NR and de-forestation Our View

11 12

Kumho deal nears endgame

13

Endgame approaches for Kumho-Doublestar

13

China’s Tire Industry in July NEWS Section 1: Investments and closures

14

Linglong sets up in Mexico, Luxemburg for VW Double Coin’s Thai TBR plant now on stream Sumitomo to triple PCR capacity at Hunan plant Nexen and Mubadala sign MoU Udenna to invest in Philippines plant Sentury selects SSOE to design Georgia factory Sentury releases China’s first civil aviation tires New TBR, PCR tire project in Jilin Province Giti’s SC plant to hire 1700 new employees NMCE to merge with ICEX Goodyear picks partners for Lux Innovation Park Conti moves to Phase 4 of Hefei tire factory Cheng Shin to boost capital in Maxxis India Goodyear’s Gadsden plant may close Michelin opens £10m distribution facility in UK Hixih to invest in two tire factories Asahi Kasei to increase Singapore SBR capacity Oriental Carbon & Chemicals to boost capacity Discount Tire to build Dallas distribution centre MRF ups spending to develop LRR tires OCG’s Mogilev plant due on stream in 2018 Online retailer, Tyrepac enters Thai market NKNH drafts S-SBR production plan

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Page 2 of 32 — 31 July 2017

15

Anti-dumping duty likely on SBR in India Commerce finds E-SBR rubber dumping Michelin welcomes Saskatchewan TBR tire laws GST set to boost demand for tires JK Tyre says GST rate for farm tires unchanged ATMA, Rubber Board to define rubber standards Chinese imports pressurise Indian tiremakers Japan Rubber Union negotiates wage increase US steel tariffs would affect tire industry California scrap tire bill advances Abu Dhabi police inspect tires Texas woman steals $1.4 million from Michelin EC welcomes worker protection from carcinogens SON to rid Nigeria of unsafe tires Call to revive Nigeria’s tire factories India to implement TBR anti-dumping duty Super singles approved in Alberta Winter tire markings now required in Germany Trucks in Germany face more stringent laws Why SA government wants Redisa liquidated Vancouver might require 3PMSF winter tires

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Section 4: New business models

21

Linglong and BUCT develop 3D printed PU tires Continental to buy 8-10% stake in HERE Startup to create rubberised roads in India Continental invests in EasyMile Continental acquires Quantum Inventions Volvo to make only electric cars Baidu and 50 partners create driverless project Michelin completes NexTraq acquisition Minnesota Uni team create renewable isoprene Tesla tires to come with sound-supressing foam

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Section 5: Statistics

22

EU car registrations up 4.7% for first half of year CAAM publishes China’s H1 vehicle statistics Mixed results for global automotive market

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Indian vehicle market slows in June ETRMA sees slower tire sales in Q2 EU CV registrations up 2.5% in June Global tire market trends for June Indian rubber production increases 23% US vehicle sales to decline 600,000 units in July Malaysia’s NR production fell 10% in May

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Section 6: Strategy

24

Yokohama president discusses growth strategy Yokohama COO talks about the industry Ceat MD talks about sustainable tires

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Section 7: Perspective

25

ATMA chairman explains benefits of Indian GST Mike Welch discusses Black circles e-retailer Winter tires market global briefing 2017 Continental’s Degenhart on the future of tires Michelin tests performance of worn tires EPFL study sees fine particle breakthrough How tires affect braking Differences between 17, 18, 19 inch tires Nynas special oils enhance tire performance

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Section 8: Raw Materials

26

Asia butadiene prices show small increase August European BD contract price down €75 China market losses to lead to BD price falls US butadiene contracts for Aug fall 8 cent/lb Orion to increase US carbon black prices INo plans to close Rubber Board – Minister Indian natural rubber prices rise 12% in July Thai rubber farmers increase pressure on PM China to buy 300,000t of Cambodian rubber Thai Rubber Authority to boost NR demand 10% 480,000 ha of Thai forest to be reclaimed Malaysia, Thailand, Indonesia to cut NR output Thailand uses 7000 tonnes of latex in roads Trinseo releases annual sustainability report

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Section 9: Company information

28

Bridgestone receives VW award for Innovation Michelin picks Havas as global media agency Michelin announces airless radial tire Michelin Malaysia says ‘Tyres Are Not Bananas’ Michelin reveals CEO’s compensation package Giti to buy tire activities from SP Corp Michelin, FIA support US tire safety education Michelin sues Tire Recappers of Nashville Michelin sued over illegal emissions Michelin’s Movin’On returns to Montreal in 2018

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Goodyear supplies self-sealing tire to VW as OE Goodyear’s Wolverhampton factory stripped Pirelli creates bespoke tires for BMW Alpina Goodyear Philippsburg plant produces last tire No trademark for Pirelli’s band of colour M&M names Apollo as top Business Partner Apollo releases AGM Chairman’s Speech Ceat to sponsor Ultimate Table Tennis Contidrom Proving Ground turns 50 Nippon Goodyear holds test drive on ice rink SRIJ chairman calls for open innovation lab Kumho distributor opens service unit in Saudi Kumho Tire wins design award for BON concept Giti to use multiple tire distributors in Germany Apollo introduces 2-wheeler tires in Sri Lanka Triangle collaborates with French distributor Triangle to expand in Italy Zhongce uses Alibaba’s AI factory system Zhongce to supply tires to Linde Yokohama to relaunch classic tire at centenary Pirelli’s ‘Cal’ takes Alice in Wonderland theme Giti recalls nearly 400,000 Primewell tires Marangoni signs agreement with Lujakumi Oy Cooper Tire announces new winter tire Sameer Africa profit dips 93% TP Commercial Solutions to open new HQ TIA announces nominees for 2017 Board

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Section 10: Company results

31

Michelin higher sales, higher prices in H1 Pirelli to file for IPO by August Pirelli to relist in Milan in the autumn Pirelli refinances credit lines Gui Zhou Tyre expects profit for FY 2017 H1 Yokohama revises 2017 sales projections Bekaert revenues up by 15% in first half

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Section 11: What’s Green

32

Bridgestone named in two ESG indexes Cabot releases 2016 sustainability report Black Bear wins recycling certification Russia delays implementing tire recycling bill Scrap tires make more durable concrete Cyprus government to remove tire stockpile Australia’s EPA catches illegal tire operations Kansas approves waste tire application Lafarge tire-burning plan hits obstacles Nova Scotians outraged over tire burning plan

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© 2017 Shaw Information Services Ltd

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