Industry News

Fiat Chrysler to slash Mirafiori plant production by 60 % until July – union

February 7, 2018
Fiat Chrysler to slash Mirafiori plant production by 60 % until July – union

Fiat Chrysler will cut working hours at its Mirafiori plant in Turin, Italy by almost 60 % until July, the FIOM union said The plant mainly produces the luxury Maserati Levante sport utility vehicle. FCA already halted production of the…

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The global rubber market expected to grow at CAGR of 4.66% in 2017-2021

February 5, 2018
The global rubber market expected to grow at CAGR of 4.66% in 2017-2021

The global rubber market is expected to grow at a CAGR of 4.66% during the period 2017-2021. The latest trend gaining momentum in the market is bio-based tyres helping market growth. The tyres used in automotive vehicles are going to…

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Global isobutene market demand to grow at rapid rate from 2018 to 2022 with help from the automotive sector

February 5, 2018
Global isobutene market demand to grow at rapid rate from 2018 to 2022 with help from the automotive sector

The global isobutene market is expected to grow at a CAGR of over 4% during the period 2018-2022, according to market research firm Technavio. The report categorizes the global isobutene market by application (automotive, aerospace, antioxidants, pharmaceuticals, and others) and product (methyl tert-butyl…

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Top Glove looks out for more M&A opportunities as Ringgit becomes stronger

February 2, 2018
Top Glove looks out for more M&A opportunities as Ringgit becomes stronger

The strong ringgit is a boon to Top Glove Corporation Bhdas it serves as a natural hedging and allows the company to proceed with its plans to further expand its production lines, as well as to go for mergers and acquisitions…

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UOB Kay Hian Malaysia Research advises investors to take profit on the rubber gloves sector

February 2, 2018
UOB Kay Hian Malaysia Research advises investors to take profit on the rubber gloves sector

UOB Kay Hian Malaysia Research says now is the time for investors to take profit on the rubber gloves sector as it has had a good run and it is time to lock in profits. It said on Monday downside…

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Bajaj Auto in pact with Triumph Motorcycles UK

February 1, 2018
Bajaj Auto in pact with Triumph Motorcycles UK

Bajaj Auto Ltd recently announced that it has tied up with Triumph Motorcycles UK to offer a range of mid-capacity motorcycles. The ‘non-equity’ partnership will give Bajaj access to the Triumph brand and its motorcycles in domestic and international markets…

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Ford China dealt a blow with chief’s departure

February 1, 2018
Ford China dealt a blow with chief’s departure

Ford Motor Co’s hope to tackle a slaes slump has been affected by the sudden resignation of its China chief Jason Luo who stopped down citing personal reasons. Luo had only served 5 months as chief. Luo had been poached…

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GRI Tyre opens US$40 million manufacturing facility at Badalgama, Sri Lanka

February 1, 2018
GRI Tyre opens US$40 million manufacturing facility at Badalgama, Sri Lanka

GRI Tyre opened their world class specialty tyre manufacturing facility at Badalgama yesterday with an investment in the excess of US$40 million. This is to produce radial agriculture tyres which is a first for Sri Lanka. It is equipped with…

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Hong Leong sets ‘buy’ call on Top Glove

February 1, 2018
Hong Leong sets ‘buy’ call on Top Glove

Hong Leong Investment Bank has set a ‘buy’ call on Top Glove Corporation Bhd due to its upside potential upon the completion of its acquisition of Aspion Sdn Bhd, which would transform the rubber glove manufacturer into the world’s largest…

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ETRMA members’ tyre sales 2017: overall stability with the exception of the agro segment

February 1, 2018
ETRMA members’ tyre sales 2017: overall stability with the exception of the agro segment

The European Tyre and Rubber Manufacturers’ Association has published its members’ sales for the year 2017 and the last quarter of 2017. Overall, the performance of the industry is generally stable with the exception of the agricultural tyre sales, which…

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World Rubber Summit 2018

International Rubber Prices
(as of 19, February 2018)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: India Rubber Board

Automotive

PRA ELECTRONIC ISSUE
PRA 2018 January/February

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