The Malaysian Automotive Association (MAA) released the sales and production figures last week with total industry production (TIP) growth being upbeat, increasing 2.1 % year on year (y-o-y) after declining over the past four months. MIDF Amanah Investment Bank Bhd’s…
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Thailand optimistic rubber price will increase in mid-May
Thai Deputy Agriculture Minister Amnuay Patise is confident that rubber sheets from the newly-harvested crops expected in mid-May will fetch between 65-75 baht per kilogramme and the prices will steadily improve afterward. He attributed the good price prospect for rubber to…
Optical Liquid Silicone Rubber introduced at Proto Labs
Rapid prototyping and low-volume manufacturer Proto Labs, Inc. has added optical-grade liquid silicone rubber (LSR) to its existing lineup of moldable plastic, metal and LSR materials. High-performance optical LSR is transparent, extremely flexible and starting to replace glass in many…
Haridwar tyre factory valued at Rs3,573 crore
Kesoram Industries Ltd has internally valued its tyre factory at Haridwar, which it is hiving off and is looking to sell, at Rs.3,573 crore, at least Rs.1,200 crore more than what the cement and tyre maker had previously said it…
TVS Srichakra increases production capacity
TVS Srichakra is ramping up production capacity as the TVS Group company aims the top slot among India’s two-wheeler tyre manufacturers. The plan is to expand capacity to 2.4 million tyres a month by December from 2.0 million now. It…
Rubber price slides; Indian government steps in
Chief Minister Oommen Chandy has said that the government would soon take steps to check the slide in rubber price. A press note issued by the Chief Minister’s Office, after discussions between Mr. Chandy and rubber dealers here on Wednesday…
Cooper Tire announces new US$200 mn share repurchase authorisation
Cooper Tire & Rubber Company announced on Feb 23 that its Board of Directors has authorised the repurchase of up to US$200 million of the company’s outstanding common stock through December 31, 2016. Shares will be repurchased from time to…
General Motors trims production to reduce stocks
General Motors (GM) is trimming production at two of its car plants due to mounting dealer inventories in an effort to reduce stocks of the Chevrolet Sonic and Camaro, Buick Regal and other models. This week, GM scheduled downtime for…
Michelin to introduce new tyre management contracts
Michelin solutions is to introduce a new generation of ‘Pence Per Kilometre’ (PPK) tyre management contracts offering customers a contractual fuel saving commitment, to help make their fleets even more efficient. Due for launch at the Commercial Vehicle (CV) Show…
General Tire celebrates 100th anniversary
The company traces its origins to Akron, Ohio, where William F. O’Neill and his partner Winfred E. Fouse had the idea of producing superior quality tyres and founded the company in 1915. At the time, there were more than 300…