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Cooper buys tyre facility in Serbia

US-based Cooper Tire & Rubber is acquiring the assets of a tyre making facility in Krusevac, Serbia. Cooper CEO Roy Armes stated that the company elected to invest in Serbia not only because of its significant economic potential, but also…

Higher sales for Hankook

SOUTH Korean Hankook Tire had record global sales of KRW6.484 trillion and operating profit of KRW566.3 billion for fiscal year 2011. Hankook Tire continued to record double-digit growth surpassing its annual target set in the beginning of 2011 to finish…

New tread compound for airline tyres

A scientist at UK-based Dunlop Aircraft Tyres has developed a new tread compound that could increase the tyre life and reduce operating costs for airlines. received the Sue Panteny Award from the Institute of Materials, Minerals and Mining recently. The…

Michelin records robust sales

FRENCH tyre maker Michelin’s global tyre sales were higher in 2011 compared with the previous year. In truck tyre markets, Europe’s growth in the OE market continues to slow, with growth in the full year of 34.5%, though year-on-year growth…

Equity take up in Hi-Tek

RUBBER Research, a wholly owned subsidiary of Rubber Research Group (RRG), is purchasing 100% stock in Hi-Tek Rubber. RRG will exchange ordinary shares of RRG common stock in exchange for 100% of the issued and outstanding shares of Hi-Tek. The…

Pirelli’s tyres in the fast lane

ITALIAN tyre maker Pirelli is getting the 2012 Formula One season underway, its second as sole supplier, by presenting a new range of tyres for the 63rd FIA World Championship at the Yas Marina circuit in Abu Dhabi. Developed by…