Canada’s tyre market is forecast to increase at a CAGR of around 6% till 2020 Large vehicle fleet and growing hybrid vehicle sales would be the major factors driving Canada tyre market over the forecast period. Passenger car tyre market is the dominant…
Category: Industry News
Lanxess cuts 140 production jobs as quest for rubber partner continues
German chemicals group Lanxess unveiled more cutbacks on Thursday, shedding about 140 jobs in rubber production and acknowledging its quest for a strategic partner would likely take until the second half of the year. The company, the world’s No.1 maker…
As rice mountain shrinks, Thailand risks amassing rubber hoard
Eight months after Thailand’s military junta started selling rice into an oversupplied global market, the officers are taking a different tack amid a rubber glut. But this approach by Thailand, the world’s biggest exporter of both commodities, may cause as…
Pirelli shares above ChemChina bid price after dividend announcement
Shares in Pirelli (PECI.MI) remained slightly above the bid price offered byChina National Chemical Corp (ChemChina) after the Italian tyre maker announced a dividend payout on Tuesday, in a sign investors see value in keeping the stock. ChemChina will become the majority…
ContiTech to showcase solutions for outdoor market at Techtextil
ContiTech AG of Hanover, Germany, will be showcasing its new dry suit material, as well as the wide variety of possible uses for technical textiles at the upcoming Techtextil trade fair that takes place in Frankfurt from 4-7 May. The…
Rubber farmers stretched to the limits by imports, low production
While the rubber farmers are reeling under a severe crisis owing to steep fall in rubber price, the import of natural rubber (NR) has recorded an all-time high, crossing four lakh tonne in the fiscal year 2014-15. The rubber production…
Semperit acquires German rubber seal manufacturer Leeser GmbH
Semperit AG Holding has acquired Leeser GmbH & Co. KG, a German manufacturer of high quality rubber seals. In this way Semperit is strengthening the Segment Semperform as a complete provider on the profiles market, and has thus taken a…
J.D. Power customers less satisfied with run-flat tyres
Customers with run-flat tyres are less satisfied overall and replace tyres more frequently in the first two years of ownership than do those with non-run-flat tyres, according to the J.D. Power 2015 U.S. Original Equipment Tyre Customer Satisfaction Study. The…
No more ‘Latex Free’ label
Manufacturers will now no longer be able to use the labels “latex-free” and “does not contain latex” due to a recommendation by FDA. The reason for this recommendation is that the agency is not aware of any tests that can…
Research and Markets: Indonesia Tyre Market Forecast and Opportunities, 2020
According to Indonesia Tyre Market Forecast & Opportunities, 2020, the Indonesia tyre market is forecast to increase at a CAGR of more than 13% during 2015-20. Large two-wheeler fleet size, easy raw material availability and continuing government support would continue…