Toyo Tire & Rubber has been found to have falsified performance data for earthquake-resistant rubber products that were used in buildings in Japan. This news was released by the Company President Takuji Yamamoto, in a press conference last week. “We…
Category: Industry News
Tyre makers rated for best tyres
According to Consumer Reports latest report on tyre manufacturers, Michelin ranks at the top with its Defender series. Across the board, Michelin offers nearly a perfect blend of grip, handling, low rolling resistance for good fuel economy, and long tread…
Lanxess appoints new CFO; makes changes to Board
German speciality chemicals company Lanxess has appointed Michael Pontzen as Chief Financial Officer (CFO). Pontzen currently heads Lanxess’s Corporate Controlling Group Function. He will succeed Bernhard Düttmann, who is leaving the company effective March 31, 2015, to take on new…
Jaidah Automotive sees 12 % growth
Jaidah Automotive, Independent Aftermarket (IAM) wholesale operations, a fully owned subsidiary of the Jaidah Group, has announced a 12% increase in their wholesale business for 2014. The announcement was made at the fourth annual appreciation event to thank customers for…
Silicone Coatings Market Value to reach US$6 Billion by 2020
The report “Silicone Coatings Market by Type (Additives, Polymers, 100% Silicone, Water Repellents Silicone), by End-User Industry (Construction, Automotive, Consumer Electronics, Plastic Processing & Manufacturing) – Global Forecast to 2020”, report analyzes the global silicone Coating market with respect to…
‘Complete lifecycle management’ for fleets by Pirelli
Pirelli aims to offer “identical quality for all the tyre lives of its fleet customers” as of its “complete lifecycle management” offer for fleets. Indeed, the manufacturer reports that Pirelli’s retreading system is aimed at increasing Pirelli casing value through…
Blackcircles expands offering to fleet and business users
Online tyre retailer Blackcircles has launched a new business division aimed at fleet operators and small to mid-sized enterprises. Blackcircles.com Business will be headed by Martin Towers, former corporate sales director at Kwik Fit, who has been appointed Blackcircles new director…
Synthomer expands speciality SBR production in Malaysia
UK-headquartered Synthomer, a worldwide leader in carboxylated Styrene Butadiene Latex (SBR) for carpet, paper and speciality applications, has expanded its Kluang plant in Johor State, Malaysia, to produce a range of speciality SBR to support the growing demand for its…
Thai rubber planters forced to sell farm land
A number of Uthaithani rubber planters have reportedly started selling off their farmlands to raise quick cash, as latex price continues to plummet, fetching only 40 baht a kilogram. The unprecedented low latex price has put planters in a very…
Toyo Tire Plunges
Toyo Tire & Rubber Co. fell by the most in four years in Tokyo trading after disclosing that it supplied a rubber product used as building material that failed to meet certification for protecting against earthquakes. Rubber-laminated bearings sold by…