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Avon Rubber downgraded to hold at Investec

Investec cut shares of Avon Rubber to a hold rating in a research note issued to investors on Thursday. The firm currently has GBX 800 (US$12.07) price target on the stock. Investec has also taken action a number of other…

New Aither 1.1 solid tyres launched

Korean company Tannus Tires has just launched the new Aither 1.1 solid tyre which it claims only has 2% higher rolling resistance than a regular tyre, lasts at least 6,000 miles and weighs 430g. There have been solid tyres before,…

Exhibitors to showcase at MD&M West

Some highlights of the event next week: LSR moulding Described as a step change in liquid silicone rubber (LSR) processing, Canadian firm Silcotech has developed a multi-shot processing system capable of simultaneously moulding nine discrete substrates or shapes in a…

Automotive sales in South Korea to rise until 2020, report says

According to a recently released TechSci Research report “South Korea Tyre Market Forecast & Opportunities, 2020”, the tyre market in South Korea is forecast to touch around US$5 billion in 2017. Major drivers for tyre sales in the country include increasing automobile exports coupled with growing…

Continental Completes Veyance Acquisition

Continental has concluded its acquisition of the U.S. rubber company Veyance Technologies Inc, of Fairlawn, Ohio, on January 30. On January 29, the Brazilian antitrust authority CADE (Council for Economic Defence) cleared the transaction with certain conditions, thus providing the…