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Dunlop Aircraft Tyres acquired by Liberty Hall for US$135 mn

Dunlop Aircraft Tyres Ltd., a leading independent global designer, manufacturer and retreader of aircraft tyres, has been acquired by private equity firm Libery Hall Capital Partners, which is focused exclusively on investments in businesses serving the global aerospace and defense…

Michelin to acquire US telematics provider NexTraq

Tyre manufacturer Michelin announced its plans to acquire US-based commercial fleet telematics provider NexTraq, which is a subsidiary of FleetCor Technologies, Inc., a leading global provider of fuel cards and workforce payment products. NexTraq provides solutions for driver safety, fuel…

Recent rubber price slump doesn’t worry Indonesia

Indonesia’s rubber industry body, Indonesian Rubber Association (Gapkindo), said they are not worried about the recent decline in rubber prices as market fundamentals remain strong. Moenarji Soedargo, Gapkindo chairman, made the comment in the wake of a weekend meeting of…