“Fifteen rubber planters’ groups have merged to create the Rubber Planters’ Assembly to solidify their positions and unify demands. Uthai Sornlaksap, leader of the rubber planters’ network, will become acting chairman of the new body. Representatives of the groups made…
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Soros may invest in auto dealer groups
Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers…
Novelis invests US$48 MIL in automotive scrap recycling facility
US aluminium sheet maker Novelis said Monday it had invested $48 million investment in its automotive scrap aluminium recycling facility in Oswego, New York. The company said the Oswego facility would meet increased demand for aluminium automotive sheet in North…
Penske Automotive purchases Land Rover Dealership
Penske Automotive Group, Inc.an international transportation services company, has acquired a Land Rover dealership in Darien, Connecticut. The company estimates the dealership will generate approximately $50 million of revenue annually. “We are pleased to add the Land Rover brand to our existing automotive…
Bridgestone Corporation develops system to assess conveyor belt wear
A unique system capable of automatically assessing conveyor belt wear has been developed by Bridgetsone Corporation and is expected to launch worldwide in January. The company also will launch BRIDGESTONE MONITRIX, a mining operations support software also designed by Bridgestone…
Rogers acquires engineered silicones producer Arlon for US$157m
Handy& Harman has been successfully acquired by American specialty materials Rogers for US$ 157 million. Arlon produces high-frequency circuit materials and engineered silicones, which will complement Rogers’ printed circuit materials and high-performance foams business segments, the company said. For the…
Maxxis to open new factory in Indonesia
Since 2005, Maxxis has been present in Indonesia to introduce various types of high-quality tyres that have been recognized globally. Until now, Maxxis has been marketed in 130 countries, including Indonesia. On an international scale, Maxxis now ranks as the…
Short Interest of Delphi Automotive PLC grows
Delphi Automotive PLC (NYSE:DLPH) stated gains of 294,149 shares or 14.2% in the short interest. The short interest registered from 2,071,487 on December 15,2014 to 2,365,636 on December 31,2014. In terms of floated shares, the shorted positions stood at 0.8%.…
Steady growth for automotive steering systems, report says
The automotive steering systems market is poised for steady growth on account of growing emphasis towards incorporation of sophisticated, reliable assisted steering systems in vehicles. Arduous manual steering systems are on the verge of getting obsolete owing to increased importance…
POSCO completes construction of new high-end automobile factory
The construction of a high-end cold rolled steel sheet factory for automobiles with a production capacity of 1.8 million tons in Maharashtra, India has just been completed by POSCO. With a US$709 million (767.35 billion won) investment, the construction of…