Hundreds of tonnes of used tyres could be stockpiled in Tokoroa as a tyre recycler looks to shift its operations to the Waikato. EcoVersion are in talks with South Waikato District Council to relocate their operations to Tokoroa after they…
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Singapore-listed rubber firms eye rebound in prices and fortunes
SINGAPORE – AS CHINA’S growth engine sputtered and the global economy slowed, prices for rubber – used mainly for tyres – have tanked, bringing the share prices of Singapore-listed rubber players along the same downward trajectory. But they may be…
V8 Supercars to test ‘supersoft’ tyre ahead of possible introduction for 2016 championship season
V8 SUPERCARS will put a ‘supersoft’ tyre compound to the test in coming months as the category considers introducing the tyre into the sport in 2016. The move comes as the V8 Supercars Commission weighs up potential changes to race…
Fiat Chrysler exploring US$3.3 billion sale of auto parts unit Magneti Marelli
Fiat Chrysler Automobiles (FCA) (FCHA.MI) is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, according to sources familiar with the matter. At least two U.S. private equity funds are looking to team…
Sonic Automotive, Inc. Reports Quarterly Adjusted Continuing Operations Earnings per Share of US$0.46
Sonic Automotive, Inc. one of the nation’s largest automotive retailers, today reported adjusted net income from continuing operations for the second quarter of 2015 of US$23.4 million, or US$0.46 per diluted share. Included in these adjusted amounts are pre-tax expenses…
Scots research reveals farming threat to dwindling rubber supply
A SCOTTISH expert has warned of an impending worldwide rubber shortage driven by insatiable demand for the finite resource and the lack of an adequate man-made substitute. A team including lead researcher Antje Ahrends from the Royal Botanic Garden Edinburgh…
Carmakers vie for pole position in post-sanctions Iran
Carmakers are racing for Iran following the country’s breakthrough nuclear deal with western powers – pitting past market leader PSA Peugeot Citroen against challengers such as Volkswagen. Tuesday’s accord, in which Tehran agreed to curb its nuclear program in return…
Russia seeks 80,000 tonnes of Thai rubber in barter deal
THAILAND and Russia are considering a barter trade deal, with Russia seeking 80,000 tonnes of rubber while Thailand wants weapons and other goods in return, Deputy Premier and Foreign Minister Tanasak Patimapragorn said yesterday. He spoke to the media yesterday…
Malaysian Rubber market likely to be firmer next week
The Malaysian rubber market is expected to be firmer next week with the removal of various negative market sentiment, a dealer said. “The better-than-expected economic growth for China was expected to support rubber prices coupled with the likelihood of a…
New report explores the industrial gloves market trends, segments analysis and industry forecast
Industrial gloves are utilized to ensure employee safety and sanitary conditions in the workplace. Industrial gloves are a necessary item, especially in the food, chemical and healthcare industry. Persistence Market Research Pvt. Ltd is released new forthcoming report on title…