Pirelli & C. S.p.A. has concluded the sale of its steelcord business in Izmit, Turkey, to steel wire producer N.V. Bekaert S.A., as part of a deal to divest its steelcord business. Completion of the sale in Turkey follows by…
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Tyre sales in China expected to rise until 2020
According to a recently released TechSci Research report, “China Tyre Market Forecast & Opportunities, 2020”, tyre market in China is forecast to grow at a CAGR of 11% during 2015-20. The market is expected to witness tremendous growth on account…
Lanxess features comprehensive range of rubber technologies at Cologne show
Specialty chemicals company Lanxess presented its comprehensive range of solutions for the tyre industry, from new rubber products and additives to processing aids for use in production, at the Tire Technology Expo in Cologne this February. The newly formed Lanxess…
Positive outlook for US automotive industry
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…
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…