China Rubber Industry Association foresees a 6 percent annual growth rate in the country’s rubber recycling sector from 2016-20, with profit margin increasing from today’s 5 percent to 7 percent in 2020.
The U.S. Department of Commerce has made slight adjustments on some of its antidumping and countervailing duty calculations on Chinese passenger and light truck tires, according to an Aug. 10 Federal Register notice.
BEIJING—China’s Ministry of Commerce is urging the U.S. government to reconsider the recent decision by the International Trade Commission to levy import duties on Chinese consumer tires, saying the U.S. Commerce Department used “many unfair and discriminative practices” to derive the duty rates.
FINDLAY, Ohio—Cooper Tire & Rubber Co.’s plant in Tupelo, Miss. has earned the Mississippi Department of Environmental Quality’s enHance Partnership Award for 2015.
DETROIT—Auto suppliers are responding to auto makers’ needs for better fuel economy, claiming half of this year’s Automotive News PACE Awards with innovations that cut weight or make powertrains more efficient.
HOUSTON—Synthetic rubber producers Repsol S.A. and Grupo Kuo S.A.B. de C.V. have agreed to revise and extend their joint venture, Dynasol Elastomers S.A., with the aim of making it a top 10 player in the global SR market, focused on developing products for the high-performance tire sector.
ST. MARYS, Ontario—The Ontario Ministry of the Environment and Climate Change has issued Green Arc Tire Manufacturing Inc. a draft Environmental Compliance Approval permit for its St. Marys plant, moving the nascent passenger tire retreader one step closer to production.