Current Issue
×

Top Stories

Title Issue Date Category Formats Records Price
Basic Rubber's family focus still strong after four decades
View Description View Full Details
WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics Co. Inc., according to David Smith, president and one of the three brothers who own the...
View Full Details »
WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics, which welcomed guests during a recent plant tour for the Association for Rubber Products Manufacturers. WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics, which welcomed guests during a recent plant tour for the Association for Rubber Products Manufacturers. $ WALLED LAKE, Mich.—Family is the most important value for the owners of Basic Rubber & Plastics, which welcomed guests during a recent plant tour for the Association for Rubber Products Manufacturers.
Nokian breaks ground on Tennessee tire plant
View Description View Full Details
DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian Tyres P.L.C. and officials from the state of Tennessee broke ground on the tire...
View Full Details »
DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian and officials from the state of Tennessee broke ground on the tire maker's first North American facility. DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian and officials from the state of Tennessee broke ground on the tire maker's first North American facility. $DAYTON, Tenn.—The smiles were almost as abundant as the southeast heat and humidity as executives from Nokian and officials from the state of Tennessee broke ground on the tire maker's first North American facility.
Michelin to follow Continental as IMSA tire supplier
View Description View Full Details
DAYTONA BEACH, Fla.—The International Motor Sports Association is switching tire suppliers for the various sports car road-racing championships it organizes throughout North America....
View Full Details »
DAYTONA BEACH, Fla.—Michelin will take over from Continental as the tire supplier for the International Motor Sports Association's various sports car road-racing championships. DAYTONA BEACH, Fla.—Michelin will take over from Continental as the tire supplier for the International Motor Sports Association's various sports car road-racing championships. $DAYTONA BEACH, Fla.—Michelin will take over from Continental as the tire supplier for the International Motor Sports Association's various sports car road-racing championships.
Clariant rejects appeal to rethink Huntsman merger
View Description View Full Details
MUTTENZ, Switzerland—Chemical giant Clariant A.G. has rejected a request to rethink its planned merger of equals with Woodlands, Texas-based Huntsman Corp. In an open letter to Clariant,...
View Full Details »
MUTTENZ, Switzerland—Chemical giant Clariant has rejected a request to rethink its planned merger of equals with U.S.-based Huntsman. MUTTENZ, Switzerland—Chemical giant Clariant has rejected a request to rethink its planned merger of equals with U.S.-based Huntsman. $MUTTENZ, Switzerland—Chemical giant Clariant has rejected a request to rethink its planned merger of equals with U.S.-based Huntsman.
Hoosier Gasket receives 'E' award from U.S. Department of Commerce
View Description View Full Details
INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket Corp. has seen its revenue and employee base rise by about 25 percent during the last...
View Full Details »
INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket has seen its revenue and employee base rise by about 25 percent during the last decade. INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket has seen its revenue and employee base rise by about 25 percent during the last decade. $ INDIANAPOLIS—By increasing the company's percentage of exported goods, Indiana-based Hoosier Gasket has seen its revenue and employee base rise by about 25 percent during the last decade.
Louisville grants ASRC petition to modify emissions goals
View Description View Full Details
LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's...
View Full Details »
LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's Strategic Toxic Air Reduction program. LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's Strategic Toxic Air Reduction program. $LOUISVILLE, Ky.—The Louisville Metro Air Pollution Control District has granted most of American Synthetic Rubber Co.'s requests for modification of its emissions goals under Louisville's Strategic Toxic Air Reduction program.
Robotic system helps manage and track costly shipping containers
View Description View Full Details
GREEN, Ohio—Automotive suppliers have a problem.Yes, there is the uncertainty surrounding renegotiation of NAFTA and unrelenting increases in raw material costs. But this problem has to do...
View Full Details »
GREEN, Ohio—For original equipment manufacturers and their suppliers looking to better track returnable containers, there's an expense of manual cycle counts, meaning someone is physically counting packaging units. Last month, Surgere announced the commercial launch of a robot designed to take some of the sting out of reusable containers. GREEN, Ohio—For original equipment manufacturers and their suppliers looking to better track returnable containers, there's an expense of manual cycle counts, meaning someone is physically counting packaging units. Last month, Surgere announced the commercial launch of a robot designed to take some of the sting out of reusable containers. $GREEN, Ohio—For original equipment manufacturers and their suppliers looking to better track returnable containers, there's an expense of manual cycle counts, meaning someone is physically counting packaging units. Last month, Surgere announced the commercial launch of a robot designed to take some of the sting out of reusable containers.
H.B. Fuller to buy Royal Adhesives
View Description View Full Details
ST. PAUL, Minn.—H.B. Fuller Co. has signed a definitive agreement to purchase Royal Adhesives & Sealants L.L.C. from its private equity owner American Securities L.L.C. for about $1.58...
View Full Details »
ST. PAUL, Minn.—H.B. Fuller has signed a definitive agreement to purchase Royal Adhesives & Sealants from its private equity owner American Securities for about $1.58 billion. ST. PAUL, Minn.—H.B. Fuller has signed a definitive agreement to purchase Royal Adhesives & Sealants from its private equity owner American Securities for about $1.58 billion. $ ST. PAUL, Minn.—H.B. Fuller has signed a definitive agreement to purchase Royal Adhesives & Sealants from its private equity owner American Securities for about $1.58 billion.
In plastics M&A, market is ripe for sellers
View Description View Full Details
AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it.That could have ramifications for some of the Akron area's...
View Full Details »
AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it. AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it. $AKRON—It's a good time to own a plastics, polymer or specialty chemical company—especially if you're of a mind to sell it.
Monolith targets U.S. for carbon black
View Description View Full Details
HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America. To this end, ...
View Full Details »
HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America. HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America. $HALLAM, Neb.—Monolith Materials, a next-generation manufacturer of natural gas-based carbon black, is trying to bring a different form of carbon black manufacturing to America.
Digital Edition
Digital Edition
Published on September 4, 2006

Slump hits imports, but not as much

Have a question? Need some help?
Click here to view the FAQ

Tags

Date Published September 4, 2006
Category

The slump in tire demand in the U.S. so far this year has affected even imports, although the significant cut in production capacity might change that.

Shipments of passenger, light truck and medium truck tires from January through May fell 4.3 percent to 138.1 million units, according to the latest figures from the Rubber Manufacturers Association. Imports during the same period increased 1.5 percent to 58 million units, but that is a far cry from the double-digit growth recorded in each of the past several years.

The slowing pace of imports affected most of the U.S.'s major trading partners. The exception is China, which continued its steady growth as a tire exporter to the U.S., especially in the truck tire categories, according to the U.S. Department of Commerce data.

For the five-month period, imports of light truck tires from China jumped 46.4 percent to 2.3 million units and medium truck/bus tires 43.9 percent to 2.1 million.

Passenger tire shipments from China rose 2.8 percent to 7.4 million units. Coupled with a decline in imports from Japan, China has become the U.S.'s No. 2 source of imported car tires after Canada.

While imports overall plateaued during the period, foreign-made light truck tire shipments grew 13.3 percent and medium truck/bus 20.8 percent, while passenger tire imports fell 0.3 percent.

In addition, the Commerce Department data show two emerging trading partners-Indonesia and Thailand. Imports of auto tires from Indonesia shot up 118.6 percent to 1.7 million units, and shipments of medium truck tires from Thailand grew 84.6 percent to 502,195 units.

Imports from Canada and South Korea, on the other hand, fell in all three categories.

Production by U.S. tire makers declined 3.2 percent during the five-month period, with passenger tire output off 3.6 percent and light truck tire 1.8 percent. Medium truck/bus tire output rose 0.4 percent.

Exports-which represent about 15 percent of U.S. shipments-grew 11.3 percent during the period.

The closing of Continental Tire North America Inc.'s Charlotte, N.C., plant in July will take about 3 million units of production out of the second half. Bridgestone/Firestone shutting its Oklahoma City plant probably won't show up in the RMA data until next year.

Michelin North America Inc.'s plan to trim output at its BFGoodrich Tire plant in Opelika, Ala., will have a more immediate effect.

Why are imports up when shipments in general are down? For Dennis Virag, president of Automotive Consulting Group Inc. in Ann Arbor, Mich., it's a simple

ERROR: Object template cce_CCI_SITE is missing!