Goodyear Tire & Rubber Co (NYSE:GT) had its target price lifted by Deutsche Bank from US$31.00 to US$34.00 in a research note released on Monday morning. They currently have a hold rating on the stock. A number of other analysts…
Author: admin
Study forecasts growth for German tyre market
Germany’s tyre market is set to have a compound annual growth rate of more than 7 % until 2020, according to a study from TechSci Research. “Rise in automobile production and sales coupled with growth in research and development investments…
Goodyear Reaches Supply Agreements for Rice Husk Ash Silica
The Goodyear Tire & Rubber Company has reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash. Goodyear will begin using the silica this year in a consumer tyre that will…
TVS Srichakra-Michelin ink two wheeler tyre pact
French tyre maker Michelin has entered into a contract manufacturing agreement with TVS Srichakra to manufacture bias motorcycle and scooter tyres designed by Michelin for the Indian market. Under the deal, a new production line will be set up inside…
Tanjung Offshore to lodge complaints with MACC
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…
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…