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…
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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…
Dunlop introduces TrailSmart
Dunlop has launched TrailSmart, a tyre designed for modern adventure bikes and riders. The brand said the new tyres have “exceptional” wet and dry grip, improving handling both on and off-road, along with increased mileage. The tyre builds on the…
MotoGP 2015 sees new tyre markings by Bridgestone
Bridgestone has introduced two new tyre markings for the 2015 MotoGP season, its last year before withdrawing as exclusive tyre supplier. Alongside the four coloured markings seen last year – green (extra-soft), white (soft), black (medium) and red (hard) –…
Toyo Tire comes under heat for false earthquake-proof rubber
Toyo Tire & Rubber has been found to have falsified performance data for earthquake-resistant rubber products that were used in buildings in Japan. This news was released by the Company President Takuji Yamamoto, in a press conference last week. “We…
Tyre makers rated for best tyres
According to Consumer Reports latest report on tyre manufacturers, Michelin ranks at the top with its Defender series. Across the board, Michelin offers nearly a perfect blend of grip, handling, low rolling resistance for good fuel economy, and long tread…
Lanxess appoints new CFO; makes changes to Board
German speciality chemicals company Lanxess has appointed Michael Pontzen as Chief Financial Officer (CFO). Pontzen currently heads Lanxess’s Corporate Controlling Group Function. He will succeed Bernhard Düttmann, who is leaving the company effective March 31, 2015, to take on new…