According to reports, the woes of India’s rubber sector have not been addressed accordingly at the Union Budget, thus, it continues to struggle under drooping prices. The finished rubber products segment, including tyre companies, were seeking duty reliefs to face…
Author: admin
Michelin to launch new tyre suitable for summer and winter
In May 2015, European motorists will for the first time be able to purchase a summer tyre that has been certified for use in winter. Thanks to a combination of summer and winter tyre technologies, the new Michelin CrossClimate delivers…
Vipal Rubber opens new Italian office
Brazilian retreading and rubber product manufacturer Vipal Rubber has set up a sales office in Italy. The new office in Bologna opened in January 2015 and caters to a market that last year grew 13 per cent year-on-year. The decision…
Investment firm to acquire Azelis
Europe-based specialty chemicals distributor Azelis Holding SA is being sold by its private equity owners 3i Group plc to another private investment outfit, Apax Partners LP. The financial terms of the deal have not been released. The deal is expected…
Lanxess subsidiary expands Tepex composites range
The Bond Laminates GmbH, a subsidiary of specialty chemicals company Lanxess, has expanded its Tepex range of continuous fibre-reinforced thermoplastic high-performance composites to include halogen-free flame-retardant versions with a polycarbonate matrix. “Our new Tepex FR grades demonstrate exceptionally high flame…
Toyota faces disappointment: analysts
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…
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…