Freudenberg-NOK Sealing Technologies has developed a sealing technology for roller bearings used in challenging steel-plant applications, the company said on April 29. Radial shaft seals for roller bearings in steel plants like those used for work rolls are replaced after…
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Canadian Tire to acquire 12 former Target locations
Canadian Tire is set to take over 12 leases on former Target Canada stores, the company announced Wednesday. Canadian Tire said the deal for the locations will cost US$17.7 million, and is subject to approval by the court-appointed trustee monitoring…
Scratching the surface of the allergy stigma of latex
Natural rubber latex is known to trigger allergic reactions in certain individuals. Given this, recent studies and innovations are coming up with allergy-free alternatives, says…
Rubber boom – an environmental misstep
The rate of consumption is an economic benchmark, and the higher the consumption for a commodity; the better it is for the economy. Yet, with the apparent obsessive focus on consumerism, we tend…
First quarter 2015 earnings up for TRW Automotive Holdings Corp
Including special items, TRW reported net loss of US$366 million or US$3.13 per share in the first quarter of 2015, compared with net earnings of US$199 million or US$1.68 per share in the prior-year quarter. Revenues in the reported quarter…
Apollo Tyres to invest Rs 1,500 cr at Chennai unit
Apollo Tyres is planning to invest around Rs 1,500 crore to expand its truck-bus radial (TBR) tyres capacity at its plant here to 9,000 units a day. Satish Sharma, president – APMENA (Asia-Pacific, Middle East and North Africa) region at…
Michelin buys Black Circles for £50m
One of Scotland’s most successful entrepreneurs has sold his tyre-fitting business for £50m to Michelin. Mike Welch, chief executive of Blackcircles.com, can expect to gain a third of that sale price, while staying with the company. He started selling tyres…
Goodyear Tire & Rubber Co Upgraded at Zacks (GT)
Zacks upgraded shares of Goodyear Tire & Rubber Co from a hold rating to a buy rating in a research note released on Monday morning. They currently have US$32.00 target price on the stock. Zacks’ analyst wrote, “Goodyear’s first-quarter 2015 adjusted earnings…
Import duty hike, dragon effect push up natural rubber price
Close on the heels of finance minister Arun Jaitley’s announcement of raising the customs duty on natural rubber (NR), price of NR in the domestic market has perked up a tad. In the last five days, the price of RSS-4…
HEXPOL: Interim Report January-March 2015
Sales rose 38 per cent to 2,951 MSEK (2,131). Operating profit increased 36 per cent to 495 MSEK (364). Operating margin amounted to 16.8 per cent (17.1). Profit after tax increased 34 per cent to 352 MSEK (262). Earnings per…