Last year, Continental Tire introduced Taraxagum, a rubber material made from dandelion roots. Today, the company used the material to make a car winter tyre—the WinterContact TS 850 P. “After several years of intensive development work together with the Fraunhofer…
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Falling rubber prices affecting Kerala banks
As rubber prices hit a six-year low of Rs111/kg, banks in Kerala are starting to take a hit. Banks like the South Indian Bank and Fedaral Bank witnessed a decrease in CASA (current account, savings account), in the central Kerala…
India puts anti-dumping policy of South Korean rubber imports
India’s Ministry of Finance imposed an anti-dumping policy for all acrylonitrile butadiene rubber (NBR) imports from South Korea. Anti-dumping policies put a penalty price on very low-priced imported products. Penalties are applied to increase their price and protect the local…
Lanxess makes rubber business an independent unit
Germany-based chemical company Lanxess is making its rubber production unit a separate, independent business unit in the Lanxess Group. The new unit will be made of Tyre & Specialty Rubbers and High Performance Elastomers business units. These two combined have…
Continental invests in new foundry
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…
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,…