Industry News

Ceat’s future performance treads on low rubber prices

February 11, 2014
Ceat’s future performance treads on low rubber prices

Ceat Ltd had a good run in the December quarter, riding on the tails of a marketing push aided by lower raw material prices and healthier growth in the original equipment segment. The company’s net sales increased by 15% from…

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Top Glove upgraded to Buy, unch TP of RM6.32

February 11, 2014
Top Glove upgraded to Buy, unch TP of RM6.32

UOB Kay Hian Malaysia Research has upgraded Top Glove to a Buy with an unchanged target price of RM6.42 as it will benefit from falling latex prices and is set to capture additional demand from a possible avian influenza pandemic.…

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Rhein Chemie joins Tire Technology Expo

February 11, 2014
Rhein Chemie joins Tire Technology Expo

Under the motto , “125 years of focusing on the future. For a world in motion, Rhein Chemie, a wholly owned subsidiary of the specialty chemicals group Lanxess, has presented its comprehensive portfolio of innovative solutions for tyre manufacturers at…

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Continental expands global presence with Veyance acquisition

February 11, 2014
Continental expands global presence with Veyance acquisition

German automotive supplier and tyre maker Continental has concluded an agreement with The Carlyle Group based in Washington D.C., US, relating to the purchase of Veyance Technologies based in Fairlawn, Ohio, US for approximately EUR1.4 billion. Veyance operates globally in…

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Righteous Rubber Roofing now offering thick, durable 90 Mil EPDM roofing for sale to public

February 10, 2014
Righteous Rubber Roofing now offering thick, durable 90 Mil EPDM roofing for sale to public

EPDM membrane is an industry favorite for easy-to-install roofing in both the commercial and residential sectors. This type of roofing rubber can be used for flat roofs or low-slope roofing. Key features that make EPDM the most popular rubber roofing…

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Finnish tyre maker Nokian Renkaat sees growth in 2014

February 10, 2014
Finnish tyre maker Nokian Renkaat sees growth in 2014

Finnish tyre maker Nokian Renkaat said it expected to increase both sales and profits in 2014 as demand in Russia, its key market, recovers sligthly from a slump in 2013. The leader in the Russian and Nordic winter tyre markets…

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Apollo Tyres says yes to Eastern Europe, Asia, and no to China

February 10, 2014
Apollo Tyres says yes to Eastern Europe, Asia, and no to China

It appears to be a case of once bitten, twice shy for Apollo Tyres. Following its experience with Cooper Tire & Rubber, and particularly its joint venture subsidiary Cooper Chengshan, the Indian tiremaker seems ready to give China a wide…

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Rubber inventories in producing countries set to decline: IRCo

February 10, 2014
Rubber inventories in producing countries set to decline: IRCo

Rubber stockpiles in Thailand, Indonesia and Malaysia are low and may decline further when the low-production season starts, International Rubber Consortium Ltd. said in statement on its website. Inventories available for sale in the three countries are “low contrary to…

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MRF profit drops to Rs.179.89 crore in December quarter

February 7, 2014
MRF profit drops to Rs.179.89 crore in December quarter

Tyre maker MRF Ltd’s latest quarter profit came in much below estimates mainly as rising employee costs ate into gains from declining raw material expenses. Net profit dropped to Rs.179.89 crore in the three months ended December from Rs.180.22 crore…

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JK Tyre launches an integrated brand campaign

February 7, 2014
JK Tyre launches an integrated brand campaign

JK Tyre & Industries has recently launched a 360 degree brand campaign that aims to clearly position the brand as a premium superior quality offering. The core of the campaign is rediscovering and reconnecting relationships with family and friends, that…

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International Rubber Prices

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

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