AIRCRAFT distributor, Desser Tire & Rubber Co., has announced that its affiliate Aero Wheel & Brake Service Corp has received a contract to supply aircraft tyre replacement and wheel overhaul across all of NASA’s flight platforms. The US$1.5 million 2-year…
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Toyo Premium Auto Centre opens in Malaysia
TOYO Tyre Malaysia Sdn Bhd (TTM) has opened the first Toyo Premium Auto Centre at Malacca to increase Toyo Tires brand awareness and sales. The first Toyo Premium Auto Centre is operated by Hock Tyre Services & Batteries Co., Ltd.…
RTA welcomes Salvadori into its fold
MACHINE manufacturer Salvadori Srl has signed up to the US-headquartered Retread Tire Association (RTA) as its 300th member. Harvey Brodsky, Managing Director of RTA welcomes teh addition to the RTA fold, saying that other members will also benefit from their…
Synthos on a high
Synthos SA, the rubber maker controlled by Polish billionaire Michal Solowow, surged to an 11-month high after proposing a record dividend. The manufacturer of synthetic rubber used for production of tyres will return to its owners a total of US$315…
Apollo Tyres extends its product range in Europe
Indian firm Apollo Tyres has worked tirelessly to expand its footprint in Europe over the last one year, from the R&D for passenger vehicle tyres in the Netherlands, to new product launches aimed at further enhancing its portfolio to match…
Malaysia in talks to set up regional rubber trading
Malaysia is studying a rubber futures contract to compete with Tokyo as a benchmark, according to Bursa Malaysia Derivatives, which is partly owned by CME Group and a unit of Bursa Malaysia. It is in talks with producers and traders…
Kraiburg TPEs from GTL oil
Germany-based TPE maker Kraiburg is preparing for commercial production of its TPE made using Shell Risella X, a premium process oil derived from Shell’s Gas to Liquid (GTL) technology. The firm says tests have showed improved compatibility in the TPE…
ContiTech sets up R&D in China
German automotive parts supplier ContiTech’s Changshu centre will develop products for vehicle mounting and vibration control technology in close collaboration with customers such as Geely, Great Wall Motor Company, General Motors, Shanghai Volkswagen and Qoros. ContiTech has invested about EUR8…
Continental achieves higher sales, amidst a gloomy outlook
German firm Continental Corporation has set new records last year, against the back of a difficult market environment, achieving a profit of EUR1.9 billion and 7.3% higher sales to EUR32.7 billion and EUR25 billion in incoming orders. The firm says…
Import levy hike will only benefit China, Indian rubber groups warn
THE government’s proposed 70% import tax hike for natural rubber (NR) is nor welcomed by tyre and non-tyre manufactures in India. They allege that it will further harm the local manufacturing sector, conversely giving competitive edge to importers of finished goods, like China.