Tanjung Offshore Bhd (TOB) will lodge official complaints to the Malaysian Anti-Corruption Commission (MACC) on its Gas Generators (M) Sdn Bhd (Gastec) deal and UK property transaction. This latest statement to Bursa Malaysia contrasted with TOB’s January announcement that said…
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Asian rubber Tyre makers buy Indonesian grade after prices dip
Deal activity picked up this week in the physical rubber markets as a dip in prices after recent sharp gains attracted back buyers, with global tyre makers snapping up Indonesian grade. The Tokyo Commodity Exchange rubber contract has lost 0.3…
Rubber prices bounce back as late rains, rising temperature hit output
Delayed monsoon and sharp increase in atmospheric temperature have affected the production natural rubber in most of the growing areas in Kerala. This led to a shortage of the commodity, as tapping had been stuck in major chunk of plantations.…
Vietnam’s rubber exports rise to 330,000 tonnes in first five months
Viet Nam’s natural rubber exports in the first five months of this year reached a volume of 330,000 tonnes worth US$475 million, according to the Ministry of Agriculture and Rural Development. The figure increased 30.1 % in volume and decreased…
Mayfield joins Kumho as sales, marketing VP
Kumho Tire U.S.A. Inc. has hired Jim Mayfield, a tyre industry veteran with more than 34 years’ experience, to be its national vice president of sales and marketing. Mr. Mayfield, most recently senior director of product planning and technical services…
Linglong adds TBR capacity to Thai plant
Chinese tire maker Shandong Linglong Tire Co. Ltd.’s subsidiary in Thailand has added radial truck tyres to its year-old factory in Chonburi, Rayong Province. Linglong International Tire (Thailand), the Thai subsidiary, put the capacity for truck tyres at 1.2 million…
Continental to boost annual capacity at Hefei car tyre plant to 14 million tyres
In line with an investment agreement concluded with the provincial and local authorities at the end of April, Continental is to substantially increase tyre production at its Hefei plant in China. The agreement envisions gradual ramp-up of the current production…
Company Shares of The Goodyear Tire & Rubber Company Drops by -1.66%
The Goodyear Tire & Rubber Company (NASDAQ:GT) has dropped 1.66% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 6.41% in the last 4 weeks. The counter has underperformed the…
Revenue to grow at 5% in domestic tyre mkt in FY16: CEAT
In a CEAT analyst meet, the company said it is expecting better growth in the domestic tyre industry this year as against last year. This year its target is to grow five percent as against two to three percent last…
Kumho unveils two tyre lines
Kumho Tire U.S.A. Inc. is rolling out the Road Venture AT51 light truck/SUV and Solus TA11 all-season passenger tyres that were previewed at the company’s 2014/15 dealer meeting in December. Both new products began shipping June 1. The Road Venture…