Tyre Press reports, “At its press conference at the EIMA agricultural show yesterday, Mitas a.s. announced that as of January 2015, it will replace the Continental brand name on its original equipment agricultural tyre products with Mitas branded products. The…
Category: Industry News
Corning plans to end silicone venture, says Dow Chemical
Bloomberg reports, “Dow Chemical said its partner in a 71-year-old silicone venture that’s on pace for $6 billion of annual sales wants to sell its half of the business, and Dow could be the buyer. Corning Inc. has “more priorities”…
Top Glove reports net profit down surge in the fourth quarter
Top Glove Corp Bhd’s net profit slipped 5.2 per cent to RM45.90 million in the fourth quarter, due to higher fuel costs and stiff competition from nitrile glove makers. Its revenue, however, grew 5.8 per cent to RM580.23 million, thanks…
BKT introduces new agri tyres at EIMA show
BKT showcased two new agriculture tires during the EIMA 2014 show – the Ridemax FL 693 M and Ridemax FL 698. Ridemax FL 693 M is designed for those who frequently travel on the road with trailers or tank trucks,…
Michelin achieves Industry Best in six categories
In the 2014 Dow Jones Sustainability Indices (DJSI) rankings, Michelin has scored Industry Best in six categories including Innovation Management, Product Stewardship, Climate Strategy and Environmental Management. Michelin is one of two tyre manufacturers in the DJSI World Index, attesting…
Firestone exhibits new range of farm tyres
Firestone, a manufacturer of this new class of farm tyres, recently hosted a field day for customers and dealers near Des Moines, Iowa, to demonstrate the benefits of the “next generation” in farm tyres. Firestone’s line is called AD2 (Advanced…
Sumitomo reports net income increase in Q3
Sumitomo Rubber Industries Ltd. reported marginal increases in operating and net income for the quarter ended Sept. 30 on 7.6-percent higher sales. The third quarter earnings gains were considerably below those in the first and second quarters, SRI figures show,…
Indonesia tyre industry foresees progress
Indonesia’s tire market is forecast to grow at a compound annual growth rate (CAGR) of about 10 percent through 2019, according to a recently released report. Global market research and consulting firm TechSci Research said in the report — “Indonesia…
Giti reports outstanding debut at Euro Bus Expo
Giti Tire has described its Euro Bus Expo debut a success, generating several European-wide sales leads and citing significant interest in both the GT Radial GSR225 Combi Road and GAU861 all-position urban city-bus tyres.Euro Bus Expo 2015 Peter Foulkes, Marketing…
Michelin to develop truck tyres for the Asian market
Groupe Michelin will set up a research team in India to develop truck tyres for the Asian market, according to the company’s CEO. Michelin CEO Jean Dominique Sennard announced the news when asked whether Michelin will respond to the country’s…