BRUSSELS – The European Union and the African Union met in Brussels recently to discuss the infrastructure needs of the raw materials industry in Africa, with a particular focus on the Minerals Sector. Experts from Members of the African Union,…
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Indian Automotive Aftermarket to grow stronger
The poor condition of roads and, consequently, the increased wear and tear of automobile parts are heightening the need for vehicle maintenance in India. Along with the country’s rapidly emerging status as the manufacturing hub for global automakers, this is…
Tyres from Indonesia and Thailand snapped up
Leading tyre makers bought Indonesian and Thai-grade rubber this week, although demand was tepid with most buyers keeping to the sidelines, and as Chinese players showed muted interest for physical cargoes, traders said on Thursday. Bridgestone Corp, Goodyear and Michelin…
Consumption by China dips; world rubber demand to shrink until 2020
World demand for natural rubber will probably slow through 2016 as consumption growth weakens in China, the biggest importer, curbing prices of the raw material used in everything from tires to medical gloves and condoms. Expansion will moderate to 3.5…
Dunlop expected to perform at the 2015 European Le Mans Series (ELMS) season
The new Dunlop Sport Maxx GT tyre, which has been developed for the LMGTE and GTC classes, has already proven to be a major step forward in testing ahead of the 2015 European Le Mans Series (ELMS) season. Dunlop has…
Pirelli to be bought in a US$7.7 bln deal
China National Chemical Corporation (ChemChina) agreed on Sunday to buy tyre maker Pirelli in a 7.1 billion euro (US$7.7 billion) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands. The deal with Pirelli’s shareholders is…
New Chief Quality Officer at Apollo Tyres Ltd
Pedro Matos has been appointed as the Chief Quality Officer at Apollo Tyres Ltd. He will be based out of the company’s Global Quality and Business Excellence Office in Enschede, The Netherlands and will handle the entire portfolio of quality and business…
China Automobile Parts Holdings Ltd (CAP) to venture into rubber
China Automobile Parts Holdings Ltd (CAP) plans to venture into the rubber business in China via a partnership with a Malaysian-based clean technology company. CAP yesterday signed a memorandum of understanding (MoU) with SRI Elastomers Sdn Bhd to establish a…
Rubber that provides protection for amphibious assault vehicles (AAVs)
The U.S. Naval Research Laboratory (NRL) has found that some types of rubber provide corrosion protection—and potentially better ballistic protection—for amphibious assault vehicles (AAVs). This is important to the U.S. Marine Corps (USMC) as they look to extend the AAV,…
O’Reilly Automotive Receives Consensus Rating of “Hold”
O’Reilly Automotive has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the stock, American Banking News reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, five have…