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2012 OTR Tire Market News

Written by admin on January 27, 2012

Although the question of Europe’s stability has fueled many talks of yet another global recession, this month’s analysis sheds a new light on the strength of expansion and upgrade throughout the industry. A major driving force in previous months has somewhat subsided this month but we still take a look at how Natural Rubber prices [...]

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Management and Maintenance of Earthmover Wheels and Rims

Written by Robert Rasanen on April 8, 2011

Here is some helpful information about taking care of OTR tire wheels and rims. Earthmover wheels and rims are unique in the fact that they are essentially part of a pressure vessel which is being continuously assembled and disassembled. In addition they are subjected to various conditions, extreme loads, chemical reactions, stress and shock through [...]

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Heat vs. the OTR Tyre

Written by Tom Stephenson on April 8, 2011

Below is a great summary of the dynamics and effects of heat generation in earthmover tyres: As a continuation of our “Enemies of a Tyre” series I would like to continue by discussing the effects of heat on an OTR tyre. During normal operation tyres will generate heat. This is caused by the continual flexing [...]

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Media Manipulation

Written by Featured Blogger on April 23, 2008

I write, and speak frequently with people, about our industry’s public image. As I have often said, one problem is that we have no image with a lot of people. It is amazing how many people in ‘developed’ countries think that mining is a thing of the past. Presumably they think all the world’s metals [...]

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EARTHMOVER Tire Market Report

This report provides end-users a roadmap of the information they need to have regarding up-to-date "Open Market" OTR prices, past and current monthly trends, natural rubber price fluctuation, and large equipment sales figures. Get the Report

Caterpillar Optimistic for New Year

January 27, 2012
Caterpillar Inc. and other big manufacturers, feeling more upbeat about the global economic outlook, are promising further gains in earnings this year amid growing confidence that Europe's financial woes won't tip the world into another slump.

The debt-repayment trouble in Greece, Italy and other southern European countries "has been going on a long time and hasn't tanked the place," Doug Oberhelman, chief executive officer of Caterpillar, told investors Thursday after it reported a 60% leap in fourth-quarter earnings. "We don't think it will."

As the world's largest maker of construction and mining equipment, Caterpillar is widely viewed as an economic bellwether. Read More


World Mining Equipment Market

January 26, 2012
World demand to rise 8.5% annually through 2015

The world market for mining equipment is projected to climb 8.5 percent annually through 2015 to $92 billion. Demand will be stimulated by an increase in mining output growth as global manufacturing activity and construction expenditures accelerate in a generally favorable economic climate. Commodity prices are also expected to remain high by historical standards, contributing to a rise in resource exploration and development activity, and associated mining machinery sales. In addition, efforts to increase mechanization of mining operations in the huge Chinese market and boost productivity in high labor cost areas such as Australia and Canada will bolster overall equipment demand. Read More


Michelin's Earthmover Tires Net Praise From Construction MagazineMichelin XHA2

January 26, 2012
Michelin has won two 2011 “Top 100” awards from Construction Equipment magazine for its XDR2 and XHA2 earthmover tires.
“Construction Equipment is a well- respected, top publication in the construction industry,” says Bruce Besancon, director of marketing for Michelin Earthmover Tires. “Recognizing the XDR2 and XHA2 tires with these awards affirms the value that these tires provide to the end user.” Read More
 

Caterpillar Profit Beats Estimates as Mining Demand Rises

January 26, 2012
Jan. 26 (Bloomberg) -- Caterpillar Inc., the largest construction and mining-equipment maker, posted fourth-quarter earnings and forecast full-year profit forecast that topped analysts' estimates as demand rose for shovels and trucks.

The company is betting on further growth in the mining industry with its acquisition of Bucyrus International Inc. in July for $8.8 billion including debt, which added shovels and drills to its product range. Caterpillar also agreed in November to buy Hong Kong-based ERA Mining Machinery Ltd. for as much as HK$6.89 billion ($890 million).  Read More

Mining Trucks: Hitachi

January 25, 2012
Hitachi Tata J/V makes large trucks in India
TOKYO, Jan 25 (AsiaPulse) - Hitachi Construction Machinery Co. has begun Indian production of huge dump trucks used in large-scale mine development projects.

Telco Construction Equipment Co. (Telcon), a joint venture with Tata Motors Ltd. (BSE:500570), is manufacturing the trucks. Hitachi Construction invested 22 billion yen (US$283 million) in the venture in 2010 to increase its equity stake. Until now, Telcon has made 35-ton dump trucks at a plant in the state of West Bengal, and will now add 100-ton mining trucks to its product mix. Read More


Mining drives heavy equipment sales growth in 2011

January 19, 2012
Australia’s construction and mining equipment market continued its rise from the doldrums of the GFC, driven by mining sector demand for heavy equipment.

Komatsu 960E-1 Haul Truck

Industry group Construction and Mining Equipment Industry Group (CMEIG) and auctioneer Euro Auctions say demand for both new and used equipment has increased and that sales growth is expected to continue into 2012. Read More


Titan signs $100 million tire deal with Caterpillar

January 18, 2012
Titan Tire Corp. has signed a multi-year OTR tire supply contract with Caterpillar Inc. The three-year agreement begins this year.

The value of the contract in today’s dollars is expected to exceed a minimum of $100 million. Read More


OTR Tire Conference Hotel Extends Deadline

January 15, 2012
TIA has arranged an extension for hotel reservations for its upcoming OTR tire conference in Rancho Mirage, California.  The base hotel for the event is full, and overflow registrations are for the Augua Caliente Casino Resort Spa.  Read More

Biggest Rubber Glut Since 2004 Offers Respite to Bridgestone: Commodities

January 10, 2012
Rubber plantations from Indonesia to Ivory Coast will tap a global crop this year that will create the biggest glut since at least 2004, cutting costs for Bridgestone Corp. (5108), Michelin & Cie. and other tiremakers.
The market will switch to a 413,000-metric-ton surplus, from an 87,000-ton shortage in 2011 that helped drive rubber to a record in February, Goldman Sachs Group Inc. (GS) estimates. Prices fell since then on prospects for more supply and slower growth in China, the largest consumer. Futures will drop as much as 12 percent to 240 yen ($3.12) a kilogram (2.2 pounds) in Tokyo this year, the lowest since November 2009, the median estimate in a Bloomberg survey of 14 analysts and traders shows. Read More


Bridgestone Boosting OTR Tire Capacity

November 15, 2011
Production of small and medium-size OTR radials for contstruction and mining vehicles will be increased at Bridgestone Corp.s Hofu plant in Japan over the next couple of years in order to meet steady global growth in demand. Read More

Supply and Demand Remains Pivotal for Mining Tyre Prices

July 1, 2011
Michelin’s Jock Aitken told T&A he expects demand for original equipment OTR tyres to be “huge”, with shortages remaining within the sector over the next three to four years. Bridgestone UK’s OTR sector product manager Barry Coleman shared with T&A that demand within the mining sector is very strong at present and “Bridgestone is producing at full capacity in terms of tyre supply on a global level and our supply across the whole EM product line is only limited by the number of tyres we can produce.” This is a condition, he added, that is shared by all major competitors.  Read More
 

New Shearography Equipment: Non Destructive Testing for 53/80R53 Giant Mining Tyres

June 30, 2011
The latest Earthmover / OTR tyre sector product from Steinbichler Optotechnik is the Intact 4300 tyre shearography machine. This unit machine is designed for the non-destructive testing of giant OTR tyres with an inner diameter between 45 and 63-inches, a width of 550 to 1550 mm and a maximum weight of 7500 kilograms. This most recent addition to the Intact series can clearly detect non-visible separation in the bead, sidewall and tread area within 20 minutes, enabling the easy identification of areas where belt separation has occurred. The first Intact 4300 is already in service with Togliatti, Russia-based company Povolzhskaya Shinnaya Kompaniya, the German manufacturer reports.  Read More
 

Rubber price to remain strong: DBS Vickers

June 29, 2011
Natural rubber prices are expected to remain strong with the Technically Specified Rubber 20 (TSR20) grade being maintained at an average of US$4,251 per tonne next year and US$4,157 per tonne in 2013.

The rubber grade currently fetches US$4,200 per tonne.

DBS Vickers Research (Singapore) Pte Ltd, in its regional rubber research note today said, the strong price is due to growing automotive demand from emerging countries and tight supply.  Read More
 

 Mining Boom Makes Truck Tires Pricier Than Porsches, Condominiums in Miami

June 29, 2011
China’s insatiable demand for commodities has prompted a tripling in the price of mining truck tires, making them more expensive than a Porsche 911 Carrera S type or a condominium in Miami.

Prices for tires about 3.5 meters (11 feet) across, used on the Caterpillar Inc. trucks that haul iron ore and coal, have touched $100,000 on the spot market, according to Leighton Holdings Ltd. (LEI), a contractor for mining companies including BHP Billiton Ltd. (BHP) and Anglo American Ltd. Prices rose as high as $150,000 in 2008.

That compares with contract prices of about $30,000, according to Roesler Tyre Innovators GmbH, which retreads so- called off-the-road tires. Demand from China, the world’s biggest metals buyer, drove copper, iron ore, gold and coal to records this year, forcing companies to compete for the equipment and labor needed to mine them.

“We fear the situation will become as tight as in 2007,” Paul Roesler, Read More