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ZC Rubber officially broke ground on its third overseas manufacturing facility in Saltillo, Mexico. This significant milestone marks a major step forward in the company’s global expansion strategy and commitment to meeting the growing demands of the tire markets in North America and Latin America.

The groundbreaking ceremony was attended by more than 250 distinguished guests, including Wei Dong, Counselor of the Chinese Embassy in Mexico; Blas José Flores González, Chief of Staff of the State Government; Luis Eduardo Olivares Martinez, Minister of Economy of Coahuila; Mario Mata Quintero, Representative of the Mayor of Saltillo; Maria del Mar Treviño, Local councilors of Coahuila; César H. Cantú García, representative of the Alianza Industrial Park; Haoyu Shen and Zhiqiang Jiang, Vice Presidents of ZC Rubber Group; as well as leaders from OE manufacturers, distributors, suppliers, construction contractors, and various departments of the Group.

The global price of rubber is currently trading below $2 U.S. per kilogram while India reports price of natural rubber in the domestic market, which surpassed Rs. 200 per kg for the first time in 12 years in June this year, has marked the all-time record. According to the daily price report from India’s Rubber Board, the price for ribbed smoked rubber (RSS) – 4 grade (sheet rubber) hit $2.90 U.S. (Rs. 244) per kg in Kottayam market.

Utilizing Kodiak’s hub-to-hub autonomous delivery model, the long-haul stretch of the route from Atlanta to Dallas – approximately 750 miles and 16 hours – is completed using Kodiak autonomous driving technology, which is fitted with Bridgestone M719 drive tires and R213 steer tires. J.B. Hunt transports the trailers to and from Bridgestone facilities and Kodiak hubs. The companies leverage J.B. Hunt 360box®, a fluid network of 14,000-plus company trailers, to secure capacity for the return trip from Dallas, preventing empty miles and improving route efficiency.

The Rubber Division, ACS would like to remind you not to miss the opportunity to hear from these featured speakers at IEC 2024. Remember, housing closes on August 15, so book your discounted hotel rate in their room block at https://iec2024.events.rubber.org/

Continental Executive Board has decided, following a strategic review, to conduct a further detailed evaluation on spinning off the Automotive group sector. The aim of having two independent companies is to fully harness Continental’s value and growth potential. Following its detailed evaluation, the Executive Board will make a decision on the spin-off in the fourth quarter of 2024. Subject to the approval of the Executive Board and Supervisory Board, a spin-off and listing of Automotive would then be put to a vote by the Annual Shareholders’ Meeting of Continental AG on April 25, 2025. If approved, the plan is to complete the spin-off by the end of 2025.

Myers reports net sales were $220.2 million, an increase of $11.8 million, or 5.7%, compared with $208.5 million for the second quarter of 2023. The increase in net sales was driven by contributions from the recent acquisition of Signature Systems, partially offset by lower pricing and volumes in both the Material Handling and Distribution segments.

Gross profit increased $7.1 million, or 10.4%, to $75.5 million, driven by performance at Signature Systems, favorable product mix and lower material costs, partially offset by lower pricing and volume, as well as adjusting items related to acquisition and restructuring expenses.

oodyear’s second quarter 2024 sales were $4.6 billion with tire unit volumes totaling 40.1 million. Second quarter 2024 Goodyear net income was $85 million (30 cents per share) compared to a Goodyear net loss of $208 million (73 cents per share loss) a year ago. The year over year improvement was driven by increases in segment operating income. The second quarter of 2024 included several significant items including, on a pre-tax basis, a benefit of $96 million from asset and other sales, Goodyear Forward costs of $40 million and rationalization charges of $19 million. The second quarter of 2023 included pre-tax rationalization charges of $72 million and a $51 million benefit from asset and other sales. Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.

MAXAM Tire announced the launch of its revolutionary new EcoPoint3 TBR (Truck and Bus Radial) product line, designed to meet the diverse needs of the transportation industry. This high-performance line includes a premium line haul series, a high-performance regional series, and a robust mixed service series, each engineered with advanced technology to deliver superior performance, efficiency, and durability.

The Japan Aerospace Exploration Agency (JAXA) has chosen AGC’s FORBLUE™ S-SERIES fluorinated ion exchange membrane for use in the electrolysis process of its oxygen generation system test model. This system is a crucial component of life support networks in development for human space habitations. Given the stringent requirements for equipment used in space, which must exhibit exceptional durability and energy efficiency under harsh conditions, JAXA’s decision was based on the membrane’s outstanding performance in previous component tests.