The Indian tyre industry has been witnessing tremendous growth for the past few years on account of growth in automobiles demand, especially in passenger vehicles and two-wheeler segments. In fact, availability of raw material (natural rubber) and ultramodern production facilities…
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Zhongding to acquire Wegu
In its latest overseas acquisition, China’s Zhongding Sealing Parts Co. Ltd. is buying 100 percent of the shares in German injection molder Wegu Holding GmbH for $107.4 million in cash. The payment was made to DMB 1 Invest GmbH &…
Royal expands portfolio with acquisition of adhesive maker
Royal Holdings Inc.’s Kommerling UK Ltd. subsidiary has acquired Chemical Innovations Ltd. from the Vita Group to expand Royal’s capabilities and product portfolio. CIL is a developer and producer of high performance rubber to metal, rubber to plastic, rubber to…
Acquisition of Leeser by Semperit finalised
Semperit A.G. Holding has completed the acquisition of rubber seal manufacturer Lesser GmbH & Co. K.G. to strengthen the firm’s Semperform business. Antitrust authorities approved the deal April 29. Together, Semperform and Lesser give the operation a future-oriented portfolio in…
Rubber bounces back
After cooling off for more than a year, natural rubber prices are showing some signs of life. Prices at the Kottayam and Kochi markets in Kerala, the largest rubber producing State in the country, have firmed up to ?125-135 a…
Delphi Automotive PLC Shares Gap Up
Delphi Automotive PLC shares gapped up before the market opened on Friday following a stronger than expected earnings report, AmericanBankingNews.com reports. The stock had previously closed at US$82.99, but opened at US$83.00. Delphi Automotive PLC shares last traded at US$83.63, with a…
Goodyear Tire & Rubber Co Price target boosts to US$31.00 (GT)
Goodyear Tire & Rubber Co had its price objective set by Deutsche Bank from US$28.00 to US$31.00 in a report released on Thursday. Deutsche Bank currently has a hold rating on the stock. A number of other analysts have also…
European agriculture tyre market to grow by CAGR 2 %
Agriculture tyres are a relatively new innovation in the tyre market These eco-friendly tyres have emerged as a key trend in the market. The tyre manufacturers are trying to concentrate on raw materials, rolling resistance and recycling of tyres to…
Price of Indian rubber hiked up 25 %
In a bid to protect local rubber growers, the Indian government has hiked up the price of rubber by 25 %. India’s rubber imports touched an all-time high of 4.15 lakh tonnes in 2014-15 owing to lower international prices and…
Continental launches 19.5-inch tyres for city buses
Tyre manufacturer Continental has added a 19.5-inch tyre to its range of urban bus tyres, which promises an increased service life of up to 20%. The Conti Urban HA3 265/70 R19.5 all-axle tyre has been designed for use on medium-sized…