India has seen a 19 % rise in its imports of natural rubber to 33,156 tonnes from a year earlier, India’s Rubber Board said, due to a dip in local output and lower global rubber prices. Also, there is a…
Category: Industry News
Driven Brands to be sold for US$600 mn?
US-based Driven Brands, the owner of franchised US automotive repair chains including Maaco and Meineke Car Care, is exploring a sale that could value it at more than US$600 million, according to a Reuters report. Driven Brands is owned by…
Case against Apollo Tyres dismissed
The US court has struck out the case against Indian Apollo Tyres brought by US firm Cooper Tire and Rubber. Apollo was in a deal to buy Cooper but the latter later pulled out. “Pursuant to the ruling by Vice…
Tyre sales to grow, group predicts
The Rubber Manufacturer Association (RMA) has predicted that the shipment of tyres will increase to more than 310 million this year. Other forecast are as follows: Original equipment passenger tyres: the demand for passenger OE tyres this year are expected…
Kumho wins quality award
Korean-based tyre manufacturer Kumho has won the Quality Award from French automotive manufacturing group Renault. It is the first Korean-based manufacturer to win the award. The award event was held at Renault Group’s world headquarters in Boulogne-Billancourt, France. “It is…
Marangoni scores 4 mn tyre treads
Tyre manufacturer Marangoni Tread North America recently achieved a milestone when it produced its 4 millionth tread tyres at its Madison, Tenn., plant. “We are proud and thankful that we have been able to achieve this important milestone. Our unit…
SNR-i to launch pilot phase
The Sustainable Natural Rubber Initiative (SNR-i), a voluntary and collaborative industry initiative under Singapore-headquartered IRSG (International Rubber Study Group), is set to launch its pilot phase and website beginning this month. SNR-i was developed to secure a global sustainable natural…
Bridgestone wins legal battle with Chinese rubber companies
Bridgestone Corporation (the Company) announced that it has received a favorable ruling in its lawsuit regarding infringement of its design rights against two Chinese companies: JIANXIN RUBBER (FUJIAN) CO., LTD., and PT.Beststone Rubber Industries Co., Ltd. In September 2011, the…
Indian Chief Minister reports upsurge in NR prices
Chief Minister Oommen Chandy has said that the price of natural rubber has begun to look up, thanks to the concerted efforts of the government, tyre companies, and the rubber industry. In a statement here on Saturday, Mr. Chandy said…
Pirelli introduces two versions of new hillclimb tyres
At the Bologna Motor Show Pirelli introduced a new range of hillclimb tyres for the most powerful cars in the sport. The new Pirelli hillclimb tyre comes in two versions: slick (with soft and supersoft compounds available) and Cinturato rain.…