Continental is investing EUR6 million to build a new foundry in the Runding site of A-Z Formen- und Maschinenbau GmbH. A-Z Formen- und Maschinenbau GmbH designs and produces tyre moulds. The company was acquired by Continental last year. The foundry…
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Michelin and Fives Group try their hand at 3D printing
Michelin and Fives Group partnered up to launch Fives Michelin Additive Solutions, a company that will produce 3D-printed metal. The company will be owned half-and-half by the two companies and will hire 20 people from both camps initially. Fives Michelin…
Pirelli tyres will be put to the test in WRC Australia
Pirelli will be supplying tyres for six drivers in the next stop of the World Rally Championship (WRC) in Australia this weekend. The tracks in South Wales are twisting gravel roads…
Criticisms against weak tyres forces FI to re-evaluate its tyre policy
F1 bosses are considering movin into another direction with its choice of tyre after facing a slew of weak tyres. But, following consistent criticisms by leading drivers of the tyres provided by Pirelli, bosses are to discuss whether F1 should…
Nitrile rubber imports from South Korea slapped with dumping duty
The Finance Ministry has announced that it has imposed anti-dumping duty on acrylonitrile butadiene rubber (NBR) imports from South Korea. NBR is primarily used where oil resistance, abrasion resistance and heat resistance applications are resolved. NBR is mostly used by…
Volkswagen’s management reshuffle may not improve company
Volkswagen is facing structural problems and industry experts have said that the company’s management reshuffle may fail to lead to a much needed boost. VW this week paved the way for Chief Executive Martin Winterkorn to serve two more years,…
Ferrari CEO refuses to budge before IPO
Ferrari Chief Executive Amedeo Felisa has refused to budge from his post before the company’s maker’s initial public offering (IPO) planned for later this year, “He (Felisa) will not leave before the IPO and the question of succession is one…
Global and Chinese Natural Rubber Industry Report 2015
Research and Markets has added the “Global and Chinese Natural Rubber Industry Report, 2014-2018” report to their offering. Global natural rubber consumer markets are primarily concentrated in China, India, Europe, Japan, etc. China is the world’s largest consumer of natural…
Strong US dollar benefits Hartalega
Hartalega Holdings isn’t worried about the strengthening of the US dollar. Hartalega Holdings is the world’s largest nitrile glove maker “The strengthening of the U.S. dollar is positive for the glove industry and also for [Malaysia’s] export business,” Kuan Mun…
7,810 Fiat Chrysler SUVs to be recalled due to hacking fears
Fiat Chrysler Automobiles NV’s U.S. arm will recall 7, 810 SUVs to update software to prevent hacking. This follows the recall of 1.4 million vehicles just other month. Cybersecurity researchers used the Internet to turn off a car’s engine as…