News from Notch Consulting, Inc.

August 29, 2016

US Commerce Dept affirms antidumping duty on Chinese truck/bus tires

Filed under: Uncategorized — Notch @ 6:20 pm

The US Department of Commerce today made an affirmative preliminary determination in the antidumping duty investigation for truck and bus tires imported from China. The Commerce Department issued a fact sheet on August 29 that proposed a 20.87% preliminary dumping rate against one of the two of the mandatory respondents in the investigation, Prinx Chengshan (Shandong) Tire Co. Ltd. The other mandatory respondent, Double Coin Holdings Ltd., is not eligible for a separate rate and so is included in the China-wide entity dumping rate of 22.57%. No other Chinese tire producers or exporters responded to the Commerce Department’s requests for information and so will be subject to the 22.57% preliminary dumping rate.

Commerce began its investigation into Chinese imports of truck and bus tires on February 19, 2016, responding to petitions filed by the United Steelworkers with the International Trade Commission. The petitions sought antidumping and countervailing duties against the Chinese imports. On June 28, Commerce issued a notice that it had found preliminary affirmative evidence of government subsidies, issuing preliminary countervailing duties. Commerce’s final decision in the investigation is due on January 17, 2017.

 

August 18, 2016

Notch updates Carbon Black World Data Book

Filed under: Carbon Black — Notch @ 1:06 pm

Notch Consulting is proud to announce the publication of the 2016 edition of the Carbon Black World Data Book, the most widely read and authoritative report on the $13 billion global carbon black industry. Published annually and updated quarterly, this 352-page report provides extensive proprietary data on carbon black supply and demand. The report provides global trends as well as detailed coverage for 26 leading countries. Historical data are provided for all years from 2005 through 2015, with forecasts for all years through 2020, as well as 2025. Data provided for each country and region include carbon black capacity by company and plant, capacity utilization, production, imports, exports, demand, markets (passenger car tires, truck/bus tires, other tires, non-tire rubber, and specialty blacks), grades (tread, carcass, and other), as well as market value and average pricing.

I know there are a lot of reports out there on the carbon black industry, so let me take a moment to tell you why you should choose this one. The Carbon Black World Data Book has been published annually for 12 years — same author, same research team, consistent methodology. We know the carbon black industry. But don’t necessarily take our word for it — talk to people in the carbon black and tire industries and ask them what source they trust. They’ll tell you Notch. 

Here is an overview of the report. Contact Notch (info@notchconsulting.com) for a sample copy of the spreadsheet showing all data presented in the report.

 

 

August 9, 2016

Sumitomo adding tire capacity in NY

Filed under: Tires — Notch @ 7:39 pm

Sumitomo Rubber Industries will double capacity for passenger car and light truck tires in Tonawanda, New York by the end of 2019. The project is budgeted at $87 million and will take capacity to 10,000 tires per day.

July 24, 2016

Sumitomo adding truck tire capacity in Brazil

Filed under: Tires — Notch @ 1:50 pm

R&P News reports that Sumitomo Rubber Industries is adding truck tire capacity at its 3-year-old plant in Fazenda Rio Grande, Brazil. The company will spend $96 million to add capacity for 500 u/d of truck tires, with production to begin in March 2019. Another $54 million will be spent to expand capacity for car and light truck tires.

July 21, 2016

Evonik opens silica plant in Brazil

Filed under: Silica — Notch @ 2:41 pm

On July 20, Evonik Industries announced that it had started up its new precipitated silica plant in Americana (São Paulo) Brazil. The plant focuses on highly dispersible silica used mainly for high-quality, low rolling resistance tires. In addition, the plant will serve various specialty silica segments, including  the food, animal feed, and agricultural industries. Evonik has not disclosed the capacity of the new plant or the total investment, though it did say the project budget was in the “mid-double-digit euro range.”   

In a company press release, Dr. Johannes Ohmer, member of Evonik’s Board of Management of the Resource Efficiency Segment, said: “The new plant in Americana now enables us to offer our products and solutions to our Brazilian and regional customers as well. Thanks to our dependability, outstanding services, and top-quality products, we provide customized solutions.”    

Here is the full press release.

July 15, 2016

Tokai Carbon to restructure Tianjin plant

Filed under: Carbon Black — Notch @ 7:00 am

Earlier this month, Tokai Carbon announced a restructuring plan for its Chinese carbon black business, Tokai Carbon (Tianjin) Co., Ltd. The plant will remove one production line, reducing capacity from 110,000 tons to 70,000 tons. Some of the related facilities to the production line will also be optimized for less energy operation. In addition, remaining production at the plant will focus more on special carbon black products, which are high value added products. These changes are expected to be completed by the end of 2016.

The restructuring plan was approved at a Board of Directors meeting on June 23, 2016.

Here is the press release.

July 13, 2016

Strike ended at Orion Engineered Carbons’ plant in France

Filed under: Carbon Black — Notch @ 10:06 am

A strike against the possible closure of Orion Engineered Carbons’ production plant in France has ended after three weeks. ERJ has details.

Yokohama Rubber Co. acquires Alliance Tire Group

Filed under: Tires — Notch @ 10:04 am

Yokohama Rubber Co. officially completed its $1.17 billion acquisition of Alliance Tire Group on July 1. Tire Review has the story.

Michelin group choses Mexico to build a €450m plant

Filed under: Tires — Notch @ 10:01 am

The Michelin group plans to build a €450m plant in Mexico to manufacture high-end tires for passenger cars and light trucks. European Rubber Journal has more.

 

 

Plymouth firm Bandvulc has been bought by Continental Tire Group

Filed under: Tires — Notch @ 10:00 am

Plymouth firm Bandvulc has been bought by Continental Tire Group. Here is the link: http://www.plymouthherald.co.uk/plymouth-firm-bandvulc-bought-by-euro-2016-sponsor-continental-tyres/story-29475088-detail/story.html

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