Sales will keep growing in 2015 on favourable economic conditions and are expected to be around 17 million or more, according to two industry forecasts. That’s the position of analysts at Cox Automotive, particularly its Kelley Blue Book unit, and…
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Continental Tyre replacement business now in Dubai
To drive forward the expansion of its Passenger and Light Truck Tire (PLT) as well as Commercial Vehicle Tire (CVT) replacement business in the Middle East and North Africa (MENA), Continental has relocated the relevant business units from Hanover in…
Mitas unveils Sport Force radial bike tyre
Mitas unveiled Sport Force+, the new generation of radial motorcycle tyre for riders of sport, naked and touring motorcycles. With Sport Force+, Mitas uses a new tread tyre compound based on the latest findings of its research and development unit.…
Rising trend for silicones in medical products
One major upcoming trend in silicones market is the use of silicones in medical applications. This is one of the findings from the new Global Silicones Market 2015-2019 published by TechNavio. Silicone is used in catheters and tubing, implants, transdermal…
India may raise import duty of natural rubber by 30 %
The Business Line reports that, “The Centre is looking at raising import duty on natural rubber to protect domestic growers against cheap imports and check a further fall in prices. The duty hike could be announced in the Union Budget.…
Key findings from the automotive catalytic converter market report, published
A new report on the automotive catalytic converter market revealed that the segment is estimated to reach more than 140 million units by 2019.. Other key findings are also reported. Asia-Oceania: Upcoming emission norms would drive the market The Asia-Oceania region…
Malaysian Automotive Council to be set up soon
The Malaysian Automotive Council will be set up in two months’ time, said International Trade and Industry Minister Datuk Seri Mustapa Mohamad. The purpose of setting up this council is to provide a platform for policy makers to interact, so…
Michelin: European replacement tyre market slowed
Michelin said recently that the replacement tyre market in Europe slowed down last month as a result of high stocks of winter tyres while the weather had remained mild. The French tyre maker added that the European light vehicle tyre…
Total is preparing sale worth EUR4 billion
Europe’s second-biggest oil company,Total is preparing for the sale or listing of its rubber and insulation unit Hutchinson that could be worth up to EUR4 billion euros (US$4.6 billion), Total is under pressure from shareholders to improve its cash flow…
Low import tariffs threaten Indian tyre market
Low import tariffs are posing threats to the Indian tyre market, according to the Automotive Tyre Manufacturers’ Association (ATMA). The tyre sector has adequate capacity with recent investments of Rs 26,000 crore in greenfield projects and expansions in line with…