Category: Industry News

India mulls import levy hike on natural rubber

The Indian government has been considering increasing import duty on natural rubber (NR), according to Commerce and Industry Minister Anand Sharma. The country imports NR from Malaysia, Thailand and Indonesia. Advise on the increase will be issued soon, as recommendation…

RTA welcomes Salvadori into its fold

MACHINE manufacturer Salvadori Srl has signed up to the US-headquartered Retread Tire Association (RTA) as its 300th member. Harvey Brodsky, Managing Director of RTA welcomes teh addition to the RTA fold, saying that other members will also benefit from their…

Synthos on a high

Synthos SA, the rubber maker controlled by Polish billionaire Michal Solowow, surged to an 11-month high after proposing a record dividend. The manufacturer of synthetic rubber used for production of tyres will return to its owners a total of US$315…

Bridgestone is folding up tyre plant in Italy

ZAVENTEM-headquartered Bridgestone Europe is closing down its passenger car tyre production facility in Bari, Italy within the first half of 2014. The Bari plant, fully owned by Bridgestone Italia S.p.A., is one of eight Europe-sited Bridgestone tyre plants. Bridgestone assured…