New tire weight average helps recyclers better identify market opportunities
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PITTSBURGH–New research is updating the average weight of recycled passenger and light truck tires by a substantial amount 25 percent.
It s an important change as the figure helps tire recyclers more accurately conduct business and assess the environmental impact of their work.
Research conducted through the Tire Industry Association shows the typical recycled passenger and light truck tire weighs about 25 pounds. That s a significant increase compared with the popular 20-pound estimate that has been used in the industry for at least two decades, said Dick Gust, chairman of TIA s Environmental Advisory Council.
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FINDLAY, Ohio Cooper Tire & Rubber Co. reported strong financial results in quarter one of 2021 a net income of $22 million, compared to a net loss of $12 million after the same quarter a year ago as the tire maker inches closer to finalizing its deal with Goodyear.
Cooper said its operating profit was $38 million, or 5.8 percent of net sales, which increased 23 percent over the pandemic-ravaged Q1 of 2020.
The financial news comes three days after Cooper shareholders voted overwhelmingly to approve Goodyear s $2.5 billion cash and stock deal to acquire the Findlay-based tire maker. According to Cooper, around 99 percent of its stockholder votes cast April 30 were in favor of the transaction.
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Our view: Infrastructure a victim of political in-fighting
Rubber & Plastics News Staff
If there is an area that should garner bipartisan support, it s infrastructure.
Improving roads and bridges, waterways and levees, schools and parks, and a number of other categories that fall under the infrastructure umbrella, are expenditures that in theory should benefit everyone.
Infrastructure investments must be popular, because no matter which party is in power, big, bold plans often are put forth. There is little doubt that infrastructure spending would benefit of wide variety of industries, including rubber, and that jobs would be created.
But invariably the plans either fail to go anywhere, or what ultimately get passed is so watered down that it provides no more relief than a bandage. And the buck gets passed again and again.
Tire Business cartoon by Leo Michael
Passing convoys of semitrucks hauling goods on the highway or watching delivery vans roll through your neighborhood, you get the sense that despite the challenges presented by the pandemic, the commercial tire industry is doing OK.
Every industry was impacted negatively in some way by COVID, but the supply chain just doesn t stop. And, because of that, neither do the commercial tire and retreading industries.
Consumers need essential goods and, let s be honest, many non-essential goods, too. The demand has made prospects for the industry robust, especially in the second half of the year, when more people are vaccinated and more of the U.S. opens back up.