Finnish winter tyre specialist Nokian Renkaat reported its fourth-quarter profits fell less than expected and proposed an annual dividend above the market consensus. The company posted a fourth-quarter operating profit of 77.5 million euros (US$88 million), compared to 93.2 million…
Author: admin
Delphi Automotive posts 4Q profit forecasts
Delphi Automotive PLC (DLPH) recently reported fourth-quarter earnings of US$344 million. The Gillingham, United Kingdom-based company said it had net income of US$1.16 per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were US$1.32 per…
Data Bus Market to Worth US$8.55 Billion by 2020
According to the new market research report “Data Bus Market by Protocol (MIL-STD, AFDX, ARINC 429/629, CAN, TTP), by Application (Military, Commercial Aviation, Automotive), by Component (Micro couplers, Cables, Connectors, Accessories), by Geography – Global Forecasts & Analysis to 2020”,…
Malaysia to help Indonesia develop its own car
Malaysia’s struggling national carmaker Proton inked an agreement Friday to help Indonesia study the possibility of developing and manufacturing its own national car. The signing of the memorandum of understanding with PT Adiperkasa Citra Lestari was witnessed by visiting Indonesian…
Robots to replace humans in some automotive jobs: Boston Consulting Group
Robots will replace a growing number of jobs in industries including automotive and electronics in the next few years, particularly in east Asia, according to new research. Worldwide sales of industrial robots rose 23 per cent last year and are…
India to expect a correction in inverted duty structure
Over 6,000 small and medium rubber units (SMEs) scattered in different clusters across the country expect a correction in inverted duty structure in the upcoming Union Budget. India levies amongst the highest duties on import of raw materials and one…
India’s January natural rubber output dips by 33% year-on-year
India’s natural rubber output in January dropped by a third from a year earlier to 60,000 tonnes as some farmers curtailed tapping due to lower prices, the state-run Rubber Board said recently. The consumption during the month rose 0.8 %…
Polymer more durable to use as bank notes: Bank Negara
Bank Negara Malaysia’s (BNM) move to reuse fit notes longer is undoubtedly aided by the arrival of polymer RM1 and RM5 notes, introduced in 2012 and 2004 respectively. These notes look presentable for a far longer time compared to paper…
New polymer launched
Indian Oil launched a high productivity polymer on Friday for injection moulding applications on Friday. The polymer is called Propel HDPE 080M60. The polymer of a high productivity polyethylene grade is being launched for the first time. Indian Oil claims…
Michelin starts testing season in Sepang, Malaysia
Michelin will return to MotoGP in 2016 after a seven-year absence, and has already planned a busy season of testing to ensure its future debut will go smoothly. Today’s test at Sepang involves all the factories in the paddock including…