Loss-making BK Birla group outfit Kesoram Industries has decided to transfer its tyre unit at Laskar in Uttarakhand into a subsidiary, upon recommendation by its committee. The company said the committee also suggested “monetising some of its assets” to reduce…
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IRS 2129 rubber modified adhesive from Intertronics
The adhere IRS 2129 rubber modified adhesive from Intertronics is a high performance black rubber modified resin system, designed for the bonding of dissimilar materials with differing rates of thermal expansion to provide a tough and resilient joint. This includes…
Liberty Tire Recycling restructures to reduce its debt
Liberty Tire Recycling Holdco LLC has reached a financial restructuring agreement (to be completed within 90 days) with stakeholders to reduce its debts. Lenders halted access to a US$75 million revolving credit line after Liberty Tire breached the terms of…
Penske Automotive’s fourth-quarter 2014 earnings improved 14.5%
Zacks restated their outperform rating on shares of Penske Automotive Group (NYSE:PAG) in a report issued on Friday. They currently have a US$58.00 target price on the stock. Zacks’ analyst wrote, “Penske Automotive’s fourth-quarter 2014 earnings improved 14.5% to US$0.79,…
Agriculture faces new revolution
“The world of agriculture is facing a momentous stage of transition due to deep ongoing changes. One of the reasons is the enduring global economic crisis demanding a new work and management style to farming businesses, turning upside down rules…
Goodyear Chairman and CEO to Headline World Rubber Summit 2015
Richard J. Kramer, the chairman and CEO of the Goodyear Tire and Rubber Company (Goodyear), will discuss current and emerging trends shaping the global tire and rubber industries with delegates at the upcoming World Rubber Summit to be held 24-25…
Rubber sheet that shows an iridescent colour
Japan’s National Institute for Materials Science (NIMS) exhibited a rubber sheet that shows an iridescent colour at Nano tech 2015, a trade show that took place from Jan 28 to 30, 2015, in Tokyo. The colour of a jewel beetle’s…
Malaysian glovemakers optimistic of growth
The Malaysian Rubber Glove Manufacturers Association (Margma) is optimistic that the global demand for rubber gloves will continue to grow at a rate of 8% to 10% for 2015, amid the weakening of the ringgit against the US dollar. President…
23% gain for Penske Automotive
Strong year-end vehicle sales, gains in service and parts gross margins and investments in commercial vehicle businesses pushed Penske Automotive Group Inc. to a 23 % gain in net income during the fourth quarter. The nation’s second-largest dealership group said today it…
PPG Industries to raise precipitated silica capacity
PPG Industries is increasing production capacity for precipitated silica at its manufacturing site in Delfzijl, the Netherlands by more than 15,000 tons a year. The decision to raise capacity was made in part as global demand for the company’s Agilon…