German company Troester is set to exhibit its latest technological developments in the upcoming Tire Technology Expo 2017 on February 14 to 16, 2017 at Hannover, Germany. A team of specialists from the company will be explaining their latest advancements…
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Sumitomo Rubber to purchase UK tyre distributor Micheldever for £215 mn
Japanese tyre and rubber company Sumitomo Rubber Industries has announced its plans to acquire Britain’s second-largest car tyre distributor Micheldever Group in a deal worth around £215 million (US$266 million) as it aims to expand the sales of its Falkentyre…
GRI breaks ground in Sri Lanka site for new specialised tyre factory
Sri Lanka-based specialised tyre manufacturer Global Rubber Industries (GRI) recently held a ground-breaking and foundation-laying ceremony in the site of its newest specialised tyre factory in Badalgama, Sri Lanka. The factory will be focused on producing pneumatic tyres for agriculture,…
Sri Lanka’s Rigid Tyre Corp. to build US$75 mn tyre plant with Marangoni tech
Rigid Tyre Corporation (Pvt.) Ltd., backed by a Rs11.25 billion (approximately US$75 million) investment from UAE-based Sri Lankan businessman Nandana Lokuwithana, is building a new tyre plant in the Board of Investments (BOI) Industrial Zone in Wagawatta, Horana in Sri…
Malaysian rubber glove firms to be impacted by new foreign worker levy rule
Malaysia’s rubber glove firms and manufacturers are expected to take a hit in their earnings this year following a ruling that makes them fully accountable for their foreign workers’ levy. According to a CIMB Research report, a negative impact of…
Vietnam rubber exports hit 1.26 million tonnes in 2016
The Vietnam Rubber Association (VRA) expected the country’s rubber exports to register a 5.5-10% year-on-year growth for 2016 and hit 1.2 to 1.25 million tonnes. But Vietnam’s rubber export industry exceeded expectations when it hit 1.26 million tonnes with a…
AIRIA teams up with Tripura University for rubber tech education, research
The All India Rubber Industries Association (AIRIA), the largest not-for-profit non-government body serving India’s rubber industry and trade, is collaborating with Tripura University (TU) for the promotion of rubber technology programmes in the country. The two organisations will jointly facilitate…
Goodyear reveals UW, WMU mascot sculptures made from than 500 tyres
Goodyear Tire & Rubber Company, an American multinational tyre manufacturing company, has unveiled life-size sculptures of the team mascots of the University of Wisconsin (UW) and the Western Michigan University(WMU) in the US. The sculptures, made from over 500 Goodyear…
UNDP Resident Rep in Zambia urges restoration of rubber plantation
United Nations Development Programme (UNDP) Resident Representative in Zambia, Janet Rogan, is urging the government to restore the rubber plantation in the Zambian district of Nchelenge to help boost the economy and reduce poverty. Speaking after inspecting the rubber plantation…
MARGMA expects Malaysia’s rubber glove exports to hit RM15.2 bn in 2017
The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects the country’s total export revenue of rubber gloves to hit RM15.2 billion for 2017, and is optimistic that global demand for rubber gloves will grow to between 8% and 10% next year.…