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Market ReportsNewsrss1

European replacement tire sales are down for first quarter 2023

The replacement consumer tires segment saw a decline of 12 per cent in Q1 2023 compared to Q1 2022. The replacement truck and bus tire market also declined, by 18 per cent. There was a similar pattern for agricultural tires, where sales dropped by 39 per cent compared to Q1 2022. Similarly, there was a drop in the sales of moto tires, though by only three per cent.

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Market ReportsNewsrss1

Green tire market forecast at $54.9 billion by 2028

Green tires are designed with aerodynamics and lightness in mind, both of which are critical for maintaining a firm grip on the road. These tires also use a tightly bonded rubber in the tread blocks to retain more energy while driving, resulting in lower rolling resistance and, as a result, less engine power is required to rotate the tire. A tire’s rolling resistance can account for up to 30% of a vehicle’s fuel consumption and a quarter of its CO2 emissions. Reduced rolling resistance reduces the vehicle’s carbon footprint

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Continental opens new solutions center in Portugal

Tire manufacturer Continental has opened its new Solution Center in Lousado, Portugal on 20 April, 2023. In the presence of the employees, Christian Kötz, Head of the Tires group sector and member of the Executive Board of Continental AG, formally inaugurated the recently completed building. At the Solution Center, which is located in the immediate vicinity of the tire plant, cross-functional teams drive forward targeted digitalization topics. The company has enlisted specialists from the fields of IT, artificial intelligence and applied analytics, e-commerce and industrial engineering.

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The Rubber Division ACS, announces May learning opportunities

May 4 – Webinar: Managing Scientists & Engineers
May 8 – Course: Elastomers for Selective Gas Separation, including Carbon Capture
May 11 – Webinar: Optimizing Rubber Molding Process through Advanced Simulations
May 23-26 – Endurica Workshop: Application of Rubber Fatigue Analysis with Endurica Software
May 24 – Course: Essentials of Silicone Rubber
May 25 – Course: Setting Up a Rubber Molding Process

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KraussMaffei’s new Munich plant completes first machine for US delivery

The new main plant of the KraussMaffei Group in Parsdorf, east of Munich, has started up successfully: The first machine, a GX 451-3000 injection molding machine, left the plant bound for Edinburgh (Indiana, USA). With the delivery of the first large machine produced in Parsdorf, the renewal of the plant landscape at KraussMaffei is almost complete after around three years. The relocation of the main plant and the corporate headquarters from the previous location in Munich-Allach to Parsdorf is one of the largest in the greater Munich area for decades. It is expected to be completed by the end of the current year.

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