Tires & Rubber

Cabot Corporation Wins Tire Technology International 2024 Awards for Innovation and Excellence for E2C® DX9660 Engineered Elastomer Composite

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星期四, 三月 28, 2024
Engineering, Chemicals, Plastics, Automotive, Automotive Manufacturing, General Automotive, Tires & Rubber, Manufacturing, Innovation, Table tennis rubber, Corporation, Carbon, OTR, E2C, TBR, Cabot Corporation, Tire manufacturing

Cabot Corporation (NYSE: CBT) has won the Tire Technology International 2024 Awards for Innovation and Excellence in the “Chemicals and Compounding Innovation of the Year” category for its E2C DX9660 engineered elastomer composite.

Key Points: 
  • Cabot Corporation (NYSE: CBT) has won the Tire Technology International 2024 Awards for Innovation and Excellence in the “Chemicals and Compounding Innovation of the Year” category for its E2C DX9660 engineered elastomer composite.
  • The Tire Technology International Awards for Innovation and Excellence award celebrates recent advances in tire technology and progress toward a greener and more sustainable industry.
  • The Tire Technology International Awards for Innovation and Excellence celebrate the very best innovations and achievements across the tire industry during the last 12 months.
  • Comprised of 13 categories, the awards were coordinated by Tire Technology International magazine and officiated by a panel of international journalists and industry experts.

Saudi Arabia Tire Market Report 2024-2032: Regional Tire Manufacturers Forge Alliances to Enhance Product Offerings - ResearchAndMarkets.com

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星期二, 三月 26, 2024
General Automotive, Tires & Rubber, Automotive, COVID-19, Market, Growth, Construction, Arms industry

The "Saudi Arabia Tire Market Report by Type, End-Use, Vehicle Type, Size, Distribution Channel, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Saudi Arabia Tire Market Report by Type, End-Use, Vehicle Type, Size, Distribution Channel, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
  • The Saudi Arabia tire market is predominantly import driven, with a considerable penetration of Chinese tire brands owing to their affordability and easy availability.
  • Rapid development in the automobile sector of Saudi Arabia is contributing to the growth of the tire market.
  • Who are the key players/companies in the Saudi Arabia tire market?

EV Owners Uninformed of Faster Tire Wear, Leading to Lower Satisfaction, J.D. Power Finds

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星期一, 三月 25, 2024
Retail, Automotive Manufacturing, Data Management, Manufacturing, Technology, Marketing, Communications, EV, Electric Vehicles, Professional Services, Tires & Rubber, Luxury, Aftermarket, Automotive, Software, Data Analytics, EVS, Torque, Benchmarking, BFGoodrich, Michelin, Falken, J.D. Power, Restaurant

The satisfaction gap with original equipment tires between electric vehicles (EVs) and gas-powered vehicles is widening, as EV owners say their tires are wearing faster, according to the J.D.

Key Points: 
  • The satisfaction gap with original equipment tires between electric vehicles (EVs) and gas-powered vehicles is widening, as EV owners say their tires are wearing faster, according to the J.D.
  • Original Equipment Tire Customer Satisfaction Study℠, released today.
  • The study shows that EV owners have similar expectations of tire wear as do owners of gas-powered vehicles, despite EV tires naturally wearing faster due to greater vehicle weight and higher torque.
  • Original Equipment Tire Customer Satisfaction Study measures tire owner satisfaction in four areas (in order of importance): tire ride; tire wear; tire traction/handling; and tire appearance.

Continental Celebrates Expansion of Tire Headquarters Campus in South Carolina with Open House

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星期四, 三月 21, 2024
Green Technology, Automotive Manufacturing, Other Transport, Manufacturing, Environment, Transport, Automotive, EV, Electric Vehicles, Sustainability, Interior Design, Architecture, Commercial Building & Real Estate, Construction & Property, Alternative Energy, Energy, Transportation, General Automotive, Tires & Rubber, Travel, Biophysical environment, LEED, Continental AG, Motorcycle, VOC, Social responsibility, Tire, Nature, Certification, Commerce, Gold, Music recording certification, Building, Multimedia, LED, Tourism

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    “Another great moment for Continental and for the State of South Carolina,” said Jochen Etzel, CEO Continental Tire the Americas.
  • The U.S. is a strategic growth market for Continental and particularly for our Tire business.
  • Continental delivers top performance for more than 150 years and is one of the world’s largest tire manufacturers.
  • Continental's tire division employs more than 56,000 people worldwide and has 20 production and 16 development sites.

Hana Technologies Signs a New License Agreement With Michelin

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星期一, 三月 18, 2024
Other Manufacturing, Technology, Semiconductor, Automotive, Other Technology, Telecommunications, Manufacturing, Tires & Rubber, Hardware, Electronic Design Automation, Marketing, Michelin, Electron capture, Business development, Heavy equipment

Hana, the esteemed innovator in RFID tire tag technology, is proud to announce the signing of a new license agreement with the world-renowned tire manufacturer Michelin.

Key Points: 
  • Hana, the esteemed innovator in RFID tire tag technology, is proud to announce the signing of a new license agreement with the world-renowned tire manufacturer Michelin.
  • This agreement allows Hana to produce and market the new and innovative 'Link Less' embeddable RFID Tire Tag (Rev4) in and outside the tire market.
  • With a legacy of collaboration dating back to 2005 - and the first license agreement signed in 2008 - Hana has been an instrumental partner in developing a balanced portfolio of RFID tire tag solutions.
  • "Our collaboration with Michelin underscores our shared commitment to pushing the boundaries of RFID tire technology," said Randall Grein, Business Development Manager and Embeddable Tire Tag program lead at Hana Technologies.

RumbleOn Reports Fourth Quarter and Full Year 2023 Financial Results & Presents Vision 2026 Strategic Plan

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星期四, 三月 14, 2024
Automotive, Sports, Tires & Rubber, Recreational Vehicles, Extreme Sports, Motor Sports, Motorcycles, GAAP, Adjustment, Calendar, Total revenue, Sale, Video game

Total Revenue was $311.1 million for the fourth quarter, down 6.2% from the prior year fourth quarter.

Key Points: 
  • Total Revenue was $311.1 million for the fourth quarter, down 6.2% from the prior year fourth quarter.
  • Total Gross Margin of 22.9% for the fourth quarter compared to 27.9% in the prior year fourth quarter.
  • Total SG&A expenses for the fourth quarter declined $14.4 million, or 15.9%, from the prior year fourth quarter and were down 2.0% for 2023 compared to 2022.
  • Unless otherwise noted, all comparisons in the narrative are fourth quarter of 2023, as compared to fourth quarter of 2022.

Asia Pacific Tire Market Report 2024: Analysis by Radial/Bias Tires, End-Use, Vehicle Type, Size, Distribution Channel, and Country 2023-2032 - ResearchAndMarkets.com

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星期三, 三月 13, 2024
Automotive, Tires & Rubber, Market, Light, Growth, Country, Table tennis rubber, Road

The "Asia Pacific Tire Market Report by Radial/Bias Tires, End-Use, Vehicle Type, Size, Distribution Channel, and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Asia Pacific Tire Market Report by Radial/Bias Tires, End-Use, Vehicle Type, Size, Distribution Channel, and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.
  • The Asia-Pacific tire market size reached 1,270 Million Units in 2023.
  • The market is projected to reach 1,800 Million Units by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2023-2032.
  • Additionally, the growing popularity of next-generation and high-performance tires for luxury and premium cars is also driving the market growth.

Toyoda Gosei Rated at Top Level in CDP Supplier Engagement Rating for Fifth Consecutive Year

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星期三, 三月 13, 2024
Hardware, Chemicals, Plastics, Retail, Automotive Manufacturing, Climate Change, Manufacturing, Sustainability, Technology, Tires & Rubber, Supply Chain Management, Environment, Environmental Issues, Transport, Automotive, Logistics, NPO, Electricity, CDP, Climate change, Table tennis rubber, Carbon accounting, Gosei, City, CO2, Plastic, Leaderboard, Multimedia, Renewable energy

Toyoda Gosei Co., Ltd. (TOKYO:7282) has been named to the CDP1 Supplier Engagement Leaderboard for the fifth consecutive year.

Key Points: 
  • Toyoda Gosei Co., Ltd. (TOKYO:7282) has been named to the CDP1 Supplier Engagement Leaderboard for the fifth consecutive year.
  • CDP is an international not-for-profit environmental organization that conducts an annual Supplier Engagement Rating on climate issues, with the top-rated companies named to the Leaderboard.
  • View the full release here: https://www.businesswire.com/news/home/20240312551616/en/
    CDP Supplier Engagement Leader 2023 (Graphic: Business Wire)
    This CDP rating assesses how effectively companies collaborate with each of their suppliers in efforts to reduce climate change risks.
  • Toyoda Gosei is working closely with suppliers to fight climate change by reducing Scope 3 CO2 emissions.

Superior Reports Full Year and Fourth Quarter 2023 Financial Results

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星期四, 三月 7, 2024
Other Manufacturing, Aftermarket, Automotive, Engineering, Tires & Rubber, Automotive Manufacturing, General Automotive, Manufacturing, Income tax, OEM, Aluminium, Debt, Growth, Net income, Earnings, GAAP, Administration, UAW, SPG, Foreign exchange market, Development, Bank

“Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.

Key Points: 
  • “Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.
  • Income Tax Benefit for the fourth quarter of 2023 was $33 million, compared to an Income Tax Provision of $3 million in the fourth quarter of 2022.
  • The Company reported Cash Flow Provided by Operating Activities of $44 million in the fourth quarter of 2023, compared to $78 million in the fourth quarter of 2022.
  • Unlevered Free Cash Flow, a Non-GAAP financial measure, was $50 million for the fourth quarter of 2023, a decrease of $30 million compared to the fourth quarter of 2022.

Monro, Inc. to Participate at the UBS Global Consumer and Retail Conference

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星期四, 三月 7, 2024
Aftermarket, Retail, Automotive, Other Automotive, General Automotive, Tires & Rubber, Specialty, Fireside, UBS, Conference

Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that Brian D’Ambrosia, Executive Vice President and Chief Financial Officer and Felix Veksler, Senior Director of Investor Relations, will participate in a Fireside Chat at the UBS Global Consumer and Retail Conference on Thursday, March 14, 2024 at 2:00PM ET.

Key Points: 
  • Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that Brian D’Ambrosia, Executive Vice President and Chief Financial Officer and Felix Veksler, Senior Director of Investor Relations, will participate in a Fireside Chat at the UBS Global Consumer and Retail Conference on Thursday, March 14, 2024 at 2:00PM ET.
  • A live webcast of the UBS event will be available via the “Investors” section of the Company’s corporate website ( corporate.monro.com/investors/events-and-presentations ).