The Board of Directors of Apollo Tyres Ltd approved the company’s unaudited results for the 1st quarter of the financial year 2015-16. Earlier in the day, at the 42nd Annual General Meeting, shareholders approved the annual dividend payout of 200%…
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129,000 tyres by BFGoodrich Ties to be recalled
129,000 tyres in U.S., Canada and Mexico by BFGoodrich Tires will be recalled, the company announced. Approximately 104,000 of the recalled tyres were sold in the U.S. market. These tyres are primarily found on commercial light trucks, as well as…
900 job cuts expected on Nokian Tyres Finnish plant
900 job cuts expected on Nokian Tyres Finnish plant as the company negotiates amidst a economic slowdown. Nokian Tyres has downgraded its outlook for 2015 due to the weakened economic situation in Russia and CIS countries. Car tyre sales have…
First half of business year positive for Pirelli
Milan, Italy – The Board of Directors of Pirelli & C. SpA reviewed and approved results for the six months ended 30 June 2015. The results of the first half of 2015, which show growth of the key economic indicators,…
Grupo KUO secures antitrust authority in the EU
Grupo KUO, S.A.B. de C.V., has successfully secured the approval of the antitrust authority in the European Union. Grupo KUO will contribute to Dynasol, 50/50 joint venture with Repsol, its emulsion rubber and nitrile businesses located in Mexico and China,…
Timken Company buys Carlstar Belts
The Timken Company will purchase Carlstar Belts Business from American Industrial Partners. Carlstar Belts Business manufactures belts used in industrial, commercial and consumer applications under well-recognized brands including Carlisle, Ultimax and Panther, among others. The transaction is expected to be…
Ban import of natural rubber, minister told
Commerce minister Nirmala Sitharaman has been urged by Dakshina Kannada MP Nalin Kumar Kateel to ban the import of natural rubber. India is facing a shortage of of 50,000-60,000 tonnes of natural rubber production At the same time, price of…
Karex looking to purchase Medical-Latex for RM13 million
Karex Bhd is eyeing to buy Medical-Latex (Dua) Sdn Bhd (MLD) from Beiersdorf AG for RM13mil. Karex Bhd is the world’s largest condom-maker. It would allow Karex to acquire MLD’s own brand manufacturing product, under the Enjoyable Safe Pleasure (ESP)…
Styrene Butadiene Latex Market 2015 – 2023
This report covers the analysis and forecast of the styrene butadiene latex market on a global and regional level, diving it based on applications and regional demand. Application segments have been analyzed based on current trends and future potential. The…
Ford plant moved from Ohio to Mexico
Ford’s production plant will move out of Mexico for the first time when it transfers to Ohio where medium-duty F-650 and F-750 commercial trucks will be built. The shift to the 41-year-old plant in Avon Lake, Ohio means that about…