News from Notch Consulting, Inc.

April 28, 2020

LG Chem announces expansion of Carbon Nanotube Production

Filed under: Carbon Black, General — Notch @ 12:45 pm

On April 27, LG Chem announced that it will expand carbon nanotube (CNT) production at its plant in Yeosu.  LG Chem will be expanding by 1,200 tons, increasing total production capacity to 1,700 tons.

CNT is a new material with superior properties used in batteries, semi-conductors, auto parts and aircraft fuselages.

The expansion is designed to target the rapidly growing global EV and CNT markets and accelerate LG Chem’s product structure advancement strategies.

Partial production resumes at one Apollo plant in India

Filed under: Coronavirus/COVID-19, General, Rubber, Tires — Notch @ 12:43 pm

Apollo Tyres Ltd. has resumed partial production at its factory in Perambra, India after government directives exempted its operations from lockdowns, according to a stock exchange filing.

The tire maker idled production at other Indian facilities in Kalamassery, Limda, Gujarat and Chennaiother amid concerns over the COVID-19 outbreak, and will provide updates on the restart of production in these facilities as decisions are made.

Yokohama to restart Mississippi plant

Filed under: Coronavirus/COVID-19, Rubber, Tires — Notch @ 12:21 pm

On April 27, Yokohama Corp. of North America will restart production at its commercial tire plant in West Point, Mississippi, after closure on March 28 due to the COVID-19 pandemic.

Yokohama will implement safety procedures based on CDC guidelines and local guidelines.

Nokian Tennessee tire plant to reopen

Filed under: Coronavirus/COVID-19, Rubber, Tires — Notch @ 11:54 am

On May 4, Nokian Tyres Inc. plans to restart production at its Dayton plant after a month-long closure due to the COVID-19 outbreak.  The decision is in line with steps the state has taken to reopen the economy.

The reopening will be a phased process starting April 27.  The company points to its “desire to provide stability for our employees” as a reason for the move, as well as its belief in the importance of tire makers as suppliers to the transportation industry “which has been deemed essential by the state and federal governments.”

Amid global pandemic, IHS sharply lowers 2020 global light vehicle sales forecast

Filed under: Auto, Coronavirus/COVID-19 — Notch @ 11:15 am

IHS Markit, which tracks automotive sales and production trends, sharply lowered its 2020 forecast for global light vehicle sales in response to COVID-19 pandemic, warning that the US will take the biggest hit.

IHS expects global light vehicle sales to fall 22% from prior estimates of more than 12%.  In the US, IHS expects auto sales to fall 26.6% compared with a year earlier.

IHS estimates global light vehicle production to drop 21.2%.

 

Amid COVID-19 outbreak, USTMA adjusts 2020 tire shipment forecast

Filed under: Coronavirus/COVID-19, Tires — Notch @ 10:37 am

The U.S. Tire Manufacturers Association (USTMA) has revised its February 2020 U.S. tire shipment projections in response to the economic impact of COVID-19 outbreak, projecting 2020 shipments will decrease to 273.6 million units, compared to 332.7 million units in 2019.

Compared to 2019, original equipment and replacement shipments are projected to decrease by 24.3% and 17.2%, respectively.  Original equipment and replacement shipments for light truck and truck tire are also expected to decrease.

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