Cooper Tire & Rubber Co. posted net income of $38.2 million on net sales of $888.7 million for the second quarter ended June 30, 2014. That compares to income of $35.5 million on sales of $884.1 million for the same…
Category: Industry News
Japanese scientist gains Wacker Silicone Award
This year’s Wacker Silicone Award goes to Akira Sekiguchi, professor of organic chemistry at the University of Tsukuba in Japan. The award, which includes €10,000 prize money, was presented last night in Berlin. In 2003, the recipient was the first…
Duratread and DRC introduces expanded range of tyres from Vietnam
Duratread and DRC who have been cooperating on sales and marketing projects since 2006, have announced the launch of a new expanded range of tyres coming from Vietnam. The innovative range of products were unveiled at the Latin Tyre Expo…
Indian rubber auto-component makers to invest in industrial segment
Rubber-based auto-component makers are working on developing products that would cater to the earth-moving and agricultural segments, to offset the slow demand from the passenger vehicle segment. Some are also looking diversifying their portfolio to industrial applications in order to…
Trelleborg to gain Uretek and Archer Rubber Company
The Courant reports, “A New Haven coated fabric manufacturer will be acquired by a large Swedish polymer engineering firm, the company announced Monday. Trelleborg AB has signed an agreement to acquire Uretek LLC and its Massachusetts sister company Archer Rubber…
TBC reveals new Duck Commander tyre range
TBC Brands and Harris Tire Co. are bringing two exclusive Duck Commander branded tire lines to the consumer replacement market: Duck Commander All-Terrain and Duck Commander Mud Terrain. The two lines are the first to carry the Duck Commander brand…
Pirelli reports double-digit profit rise in the first half
Pirelli & C. S.p.A. reported double-digit increases in operating and net profits in the first half of fiscal 2014 on the strength of above-average growth in premium tyre sales and the positive effects of efficiency measures Pirelli is implementing. Operating…
Chinese rubber machinery supplier acquired Fushun Yikesi
Chinese rubber machinery supplier Mesnac Co. Ltd. has acquired Fushun Yikesi New Material Co. Ltd., a Fushun City-based producer of synthetic rubber and resin products. Financial details were not disclosed. Mesnac said the acquisition marks a significant diversification into the…
QDRPM partners with German rubber machinery maker
Qingdao Doublestar Rubber and Plastics Machinery Co. Ltd. (QDRPM), a fully-owned subsidiary of rubber tire and machinery maker Qingdao Doublestar, has signed a contract to partner with Harburg-Freudenberger Maschinenbau GmbH (HF). Under terms of the 10-year contract, HF will license…
BKT reports double-digit growth in sales
Agricultural tyre specialist Balkrishna Industries Ltd. reported double-digit growth in sales and earnings for the quarter ended June 30, the company’s fiscal 2015 first quarter. Pre-tax operating income jumped 22.8 percent to $40.2 million on 17.8-percent higher sales of $161.8…