Pirelli Tyre S.p.A. continued its drive into the premium OE sector last year, gaining 213 homologations in the premium and prestige sectors, a 6-% gain over 2013, the tire maker said on the eve the 2015 Geneva International Motor Show.…
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Singapore Exchange in early talks for regional rubber bourse
The Singapore Exchange (SGX) is in preliminary talks to be part of a Southeast Asian rubber exchange that would bring together the top three producing nations, industry sources said on Tuesday. SGX held a meeting late last month with the…
Australia will not slash $500 million assistance for its automotive
The Abbott government has abruptly reversed a key funding cut to the automotive sector as Australia’s major car manufacturers prepare to close their doors. The government on Tuesday said it would not proceed with plans unveiled in last year’s budget…
New Firestone Multiseason
Firestone announces the launch of its brand new Multiseason tyre, the brand’s first all-season tyre. Bridgestone – which purchased Firestone worldwide in 1988 – has recently invested in Europe to provide the Firestone brand with a highly competitive product and…
Continental Summer Tyre is tops in Russian magazine survey
In its latest issue, the Russian specialist car magazine “Za Rulem” published its summer tyre test – with the ContiPremiumContact 5 taking the lead in the test field. Altogether, the experts from Moscow tested 11 tyre models from European and Asian…
Automotive Tire Market Worth 666.6 Million Units by 2019
The report “Automotive Tire Market by Type (Radial, and Bias/Cross ply), Section Width (<200 mm, 200-230 mm, and >230 mm), Aspect Ratio (<60, 60-70, >70), and Aftermarket (Radial, and Bias/Cross Ply) – Global Trends and Forecast to 20199”, defines and…
Egyptian tyre market projected to surpass USD 1 billion through 2020
Passenger car tyre is the dominant segment in the country’s tyre market followed by commercial vehicle tyre and two-wheeler tyre. Passenger car sales increased at a CAGR of 4.6% during 2010-14. Pirelli and Trenco Transport and Engineering Co. are the…
Apollo embraces biodiversity conservation
Apollo Tyres Ltd. recently showcased its commitment to biodiversity in a big way. The India-based tire manufacturer inaugurated two butterfly gardens within the premises of its two manufacturing facilities in Kerala in the southern part of the country. The company…
Mechanical Rubber acquires Prestige Rubber Manufacturing Corp.
Mechanical Rubber in Warwick recently announced it acquired Prestige Rubber Manufacturing Corp. of Fairfield, N.J., in January. Prestige is a manufacturer of rubber elastomer expansion joints and wrapped rubber tubing. Products are sold to manufacturers, users and distributors throughout North…
Government intervenes to prop up prices of rubber stockpiles
The government is selling surplus rubber stockpiles directly to China as it buys up supplies from farmers in the world’s largest producer to prop up prices. Prime Minister Prayut Chan-o-cha set aside 12 billion baht to purchase domestic rubber at…