Author: admin

ITRC suggests another AETS to stabilise rubber prices

Thailand, Indonesia and Malaysia, the rubber-producing countries which make up the International Tripartite Rubber Council (ITRC), could soon be implementing another round of the Agreed Export Tonnage Scheme (AETS) to steady market price of natural rubber (NR) and address unforeseen…

GRI acquires Aussie forklift tyre company

Sri Lankan tyre maker GRI has acquired Australian industrial tyre specialist Axis Tyres. The acquisition is focused on the forklift segment of Axis Industrial Tyres Pty Ltd and includes the four branches of Axis in Altona and Braeside in Melbourne, the…

Hubner sells auto segment to Gotec

German mobility supplier Hubner will be divesting itself of its automotive segment as of 1 April 2020. The business with injection-moulded plastic components will be sold to automotive supplier Gotec Gorschlüter GmbH located in Wülfrath, Germany, close to Wuppertal. Gotec…