Goodyear Tire & Rubber will pay US$16 million to settle allegations that two of its corporate subsidiaries in Africa paid bribes to win tyre sales in Kenya and Angola. Goodyear Tire & Rubber (GT) is paying US$16 million to settle allegations…
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Indian tyre makers in bid to acquire Kesoram
Two of India’s leading tyre makers, Madras Rubber Factory (MRF) the country’s largest tyre manufacturer and Onkar Kanwar led Apollo TyresBSE -0.40 % are battling it out to acquire the main tyre unit of BK Birla flagship Kesoram Industries raising…
Rubber growers and tyre makers in Kochi clash over import data
Rubber growers and tyre manufacturers are on a collision course over the natural rubber import data, even as the former is keenly looking at the upcoming Union Budget for sops, in the wake of the slump in prices. The farmer…
22,400 oil palm and rubber seeds distributed in Kotabaru
Regent Kotabaru, H Irhami Ridjani has distributed 22,400 trunks of palm oil and rubber seedlings to farmers, Antaranews reported. Head of Kotabaru Plantation Agency, Ibn Bhayangkara Foen, here on Monday detailing aid in the form of 19,600 seedlings of palm…
Fisker Automotive to be rebranded as Elux
Sources familiar with the plan say that Chinese auto parts maker Wanxiang Group) will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux. Wanxiang, which acquired the assets…
Key contract win for Driveline worth EUR 83 million
Kongsberg Automotive (KA) has received nomination from a major Global OEM for supply of the complete manual gear shifter system to a global platform. The shifter system will be used in B Segment cars which will be sold in Europe,…
ContiTech optimises production of cooling water hoses
ContiTech, one of the leading manufacturers in the area of cooling water hoses for industrial use, has optimized the production of its tried and tested cooling water hose. These are now manufactured in accordance with DBL 6254.12, DBL 6254.16, and DIN…
Marangoni Commercial upgrades its website
Marangoni Commercial Tyres is pleased to announce that the truck.marangoni.com website has been completely upgraded in terms of contents, so as to offer customers and users a platform of knowledge, updates and information on our many products and benefits of…
Kumho tyres expands Crugen HP91 range
Kumho reports that the addition of the Crugen HP91 swells its “already comprehensive” range. While there are numerous Kumho 4×4 tyres to choose from, the majority of requirements will be covered by the new on-road offering and the cross-functional road…
Fresh loans for Thai rubber products approved
The Thai cabinet has approved the Rubber Estate Organisation’s (REO) request for a loan of six billion baht from the Bank for Agriculture and Agricultural Cooperatives (BAAC) to buy rubber products to shore up prices. The decision was unveiled yesterday…