CEOs of 11 Tire Makers Meet in US to Discuss Environment, Health, ELTs
- Feb 05, 2018-
CEOs from major Japanese tire manufacturers such as Bridgestone Corp. (TYO:5108), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tire & Rubber Co. Ltd. (TYO:5105), along with their counterparts from Europe, the U.S. and South Korea, gathered in California on Nov. 17, 2017 for a seventh meeting of global tire industry CEOs.
In total, the event was attended by leaders from 11 tire companies. Aside from the Japanese participants, attendees included CEOs from Europe’s French-based Michelin Group and German-based Continental AG; U.S.-based The Goodyear Tire & Rubber Co.; and South Korean-based Hankook Tire Co. Ltd.
Together, the companies involved in the Tire Industry Project (TIP) account for around 65 percent of global tire production capacity.
At the conference, the CEOs reviewed the effects that tires could have on human health and the environment, and released the latest research results from the ongoing TIP, with two primary findings.
The first of these findings came from research into tire and road wear particles (TRWPs), which are produced from friction between a tire and the road. Based on the results of a comprehensive risk assessment, the studies demonstrated that TRWPs can be considered to be safe in terms of health and the environment.
The second finding concerns the issuance of a report on end-of-life tires (ELTs). Looking at 51 countries that account for 89 percent of the world’s automobiles, the report included information on how ELTs are handled and recycled, as well as on recycling rates. Also presented in the report were numerous new beneficial uses for ELTs.