rss1

– Continental ended the second quarter of 2023 with strong earnings again in the Tires group sector and high order intake in Automotive of around €8.6 billion. The ContiTech group sector achieved solid results, while earnings in Automotive fell short of expectations, mainly due to currency effects and continuing costs for special freight. Furthermore, inflation-related price negotiations scheduled for the second quarter are still ongoing. As a result of updated market expectations in the tire-replacement business, Continental has adjusted its outlook for sales in the Tires group sector and for consolidated sales. The outlook for the adjusted EBIT margins remains unchanged. The technology company therefore expects consolidated earnings to increase in the second half of the year.

In June Bill Morgan Tire in partnership with Continental Tire announced the opening of the first retread facility in Lexington, Kentucky in 40 years.
The facility boasts more than 25,000 square feet and is one of the largest commercial truck tire facilities in Kentucky. With this new facility Bill Morgan Tire is expecting to do more than 15,000 retreads in the first year of offering the service.

Sumitomo Rubber Industries, Ltd. announced a collaboration with Sumitomo Riko Company Limited and Sumitomo Electric Industries, Ltd. This initiative is designed to further the development of recycling technologies, paving the way for a circular economy.

– Continental is now also offering remote tire monitoring in real time for trailers through its ContiConnect Live digital solution. The system works equally well with freestanding and coupled trailers. A telematics unit can receive tire sensor data and send it to the ContiConnect portal. The system then can provide continuous information about the inflation status and temperature of the trailer tires when connected to a power unit

The Keynote address will be led by Frank A. Davis; President & CEO, The Horizon Group Of Companies. He will discuss the “Building Order From Chaos To Jumpstart Excellence.” This address is designed to elevate attendees to new cognitive heights by exposing them to a recently released highly condensed cognitive primer that promotes the pursuit of excellence for themselves and those who they touch in a new and exciting way.

California’s Department of Toxic Substances Control (DTSC) has adopted a rule that requires manufacturers of motor vehicle tires for sale in California to evaluate safer alternatives to 6PPD, a chemical that helps reduce tire cracking and extends the useful life of tires. DTSC’s regulation to add motor vehicle tires containing 6PPD to the state’s list of Priority Products, which was proposed in 2022, will take effect on October 1, 2023. Domestic and foreign manufacturers will have until November 30th, 2023 to notify DTSC if they manufacture 6PPD-containing tires that are placed into the stream of commerce in California. DTSC is working with the U.S. Tire Manufacturers Association (USTMA) to help tiremakers navigate the process.

Pirelli investors on Monday approved a new board for the tire maker, giving it a new three-year governance set-up after the Italian government last month took steps to curb the influence of the company’s leading Chinese investor.

Synthetic rubber futures and options were listed for trading on the Shanghai Futures Exchange on Friday, which increased the total number of futures derivatives listed in China to 120.

The total investment is USD 140 millions，covering 80,000 square meters. The capacity of the planned production line for producing biodegradable polyester rubber is 110000 tons per year. In the first phase, a continuous production line with an annual output of 10,000 tons will be built before the end of 2024.

The division is seeking support to assist with covering several student’s hotel, meal and transportation costs. The number of students we can host depends on the amount of support they receive. Sponsor Students – $750 per Student