Hankook Tire, a South Korean company, announced on Wednesday in a ceremony at the state Capitol that it is planning to move their North American headquarters from New Jersey to Nashville, Tennessee. The US$5 million dollar investment will create200 jobs…
Month: April 2016
Product liability suit filed against Michelin dismissed by Dallas County judge
A Dallas County, Texas judge granted summary judgement in a product liability lawsuit filed against Michelin North America, Inc. The lawsuit claimed that a defective tyre was the cause of a 2011 single-vehicle accident in Illinois that rendered the plaintiff…
ETRMA releases European tyre industry data sales for 2016 Q1
The European Tyre and Rubber Manufacturers’ Association published on April 14 the tyre replacement sales figures of its members for the first quarter of 2016. The table below shows a good level of activity on the EU market in the…
Tyre designs accelerate the industry’s market potentials
From pneumatic tyres to self-healing and conc ept tyr e s , innovat ions in tyr e de s igns keep the industry on track for growth, says…
Auto market to push Carbon Black market growth
Volume demand for carbon black is directly associated with the end use industries, according to a new analysis report released by ReportLinker, an award-winning market research solution. The automotive industry takes the lead in this market, given that the largest…
Continental’s BestDrive acquires Brahler’s Truckers Supply
BestDrive, LLC, a commercial tyre dealer and retreader and a wholly owned subsidiary of the Continental Tire the Americas, has completed their purchase of Brahler’s Truckers Supply, Inc. on February 1. This acquisition of Brahler’s seven service locations in Illinois…
Researchers develop new method of electrospraying
A new manufacturing process for elastomers, which allows nanometer-thin silicone layers to fabricate artificial muscles, has been developed by researchers from Empa and the University of Basel. There are potential future medical applications since this type of artificial muscle is…
Continental expanding its focus on industrial business
German technology company Continental is intensifying its activities outside the automotive sector and further expanding its industrial business. In the future, technologies for construction, agricultural, and material handling machines and vehicles will come increasingly into focus. According to Helmut Matschi,…
Trelleborg Signs Agreement to Sell TrelleborgVibracoustic Shares to Freudenberg
An Agreement in Principle has been signed by Trelleborg with their joint venture partner, The Freudenberg Group, to sell their 50% shareholdings in TrelleborgVibracoustic to Freudenberg. The transaction is still subject to signing of a final agreement and conditional upon…
Sinochem and Halcyon Agri join forces to create rubber powerhouse
China’s Sinochem International Corporation and Singapore-listed Halcyon Agri Corporation Ltd have signed, together with certain Halcyon Agri shareholders, definitive agreements to bring about a combination of their natural rubber assets to create the world’s leading natural rubber supply chain manager. The…