A new Fixed Charge Notice (FCN) offence for motorists driving with torn or defective tyres on the roads of Ireland took effect on April 17. This new regulation was announced by the Minister for Transport, Tourism and Sport, Paschal Donohoe…
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JK Tyre completes Cavendish Industries acquisition
Indian tyre manufacturer JK Tyre and Industries announced on Monday that they have completed the acquisition of Cavendish Industries Ltd. (CIL) at an enterprise value of Rs 2,200 crore. JK Tyre announced in September 2015 the signing of an agreement…
Indian rubber farmers refuse to go back despite rise in natural rubber prices
The natural rubber market is showing positive signs after a long slump that sent rubber farmers to more lucrative endeavors.The price of the benchmark RSS-4 grade touched Rs 132 per kilogram on Thursday. This came after the collapse of RSS-4…
NTDA alarmed by early Northern Ireland tyre tread depth survey results
The Association for tyre retailers, wholesalers and associated tyre aftermarket suppliers has divulged that at its regional meeting in Northern Ireland on 7th April, three members shared the results of a local tyre tread depth on replacement survey, which showed…
Specialty silica market to hit US$4.43 billion by 2022
The global market for specialty silica is expected to reach US$4.43 billion by the year 2022. This information is according to a new report released by the US-based market research and consulting company Grand View Research, Inc. The report states…
Decline in natural rubber prices drastically hits Malaysian tappers
The world has seen an almost 70% drop in the price of natural rubber. Malaysia, being the world’s fifth largest producer and third largest exporter of this commodity has been especially hit hard by this decline. An article published by…
Old tyres used to fight the spread of Zika
As part of the ongoing fight to fight the spread of Zika virus, a Canadian-led research team has repurposed old tyres to create a do-it-yourself mosquito trap that was dubbed ovillanta. “Llanta” is one word in Spanish for tyre. These…
Hankook Tire relocates North American HQ to Nashville
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…
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…