Tire Industry - Rubber Industry
The pace of importing passenger and truck/bus tires into the U.S. slowed measurably in the third quarter after growing by double digits in the first and second quarters.
Kumho Tire Co. is planning to invest $300 million over the coming couple of years to expand production capacity at its 16-year-old factory in Vietnam by 36%.
Bridgestone is planning to invest $180 million through 2028 at three Japanese tire plants.
After years of steady growth, electric vehicle adoption in the U.S. is expected to slow due to potentially curtailed regulatory forces; high selling and maintenance costs; and an underdeveloped charging station infrastructure.
The product line-up ranges from throwback styles to fresh takes on classic looks with sizes that fit both vintage and modern trucks, Jeeps and SUVs.
For decades, Liberty Tire Recycling has been collecting used tires from Walmart and Sam's Club Service Centers to recycle and repurpose.
Zhongce Rubber Group has inaugurated production of truck tires at its plant in Semarang, Indonesia, just 233 days after breaking ground on the plant.
About 79% of end-of-life tires found second lives in ELT markets.
Michelin has broken ground on a $67 million project to add production capacity for passenger tires at its 10-year-old truck/bus tire plant in Tiruvallur, Tamil Nadu.
Bridgestone Americas' exploration of more sustainable materials has earned it a grant from the U.S. Department of Energy Industrial Efficiency and Decarbonization Office.