Rubber exports in Indonesia will remain stagnant at 2.5 million tons due to poor weather and weak prices in the international labour market. The association of Indonesian Rubber Producers Association (Gapkindo) expects Indonesia’s natural rubber exports to remain stagnant at…
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Ethos Private Equity invests in Autozone
Ethos Private Equity has invested in Autozone which is the largest and fast growing, privately-owned automotive parts aftermarket retailer and wholesaler in Southern Africa. AutoZone’s footprint spans 151 wholly-owned retail and wholesale branches and 37 member-owned franchise branches across South…
Kenda Tires to bring annual payroll of US$4 million after relocation
Ohio’s city council has approved Kenda US to locate its first North American R&D facility in the Akron-Canton suburb, according to the Akron Beacon Journal. Kenda will bring 45 full-time jobs and an approximate annual payroll of US$4 million. The…
Tap in the global alternative energy, or “clean tech”
Professor of Management and Organizations at the Ross School of Business at the University of Michigan, US, Jeff DeGraff has advised the state of Michigan to tap in the global alternative energy or what is popularly known as “green tech”…
Rubber farmers and traders in India lose out from government scheme
One month after the launch of the much-hyped government scheme to ensure that rubber farmers get a minimum of Rs 130 per kg, it has not benefited the farmers and small dealers on the ground. Disgruntled rubber farmers and traders…
2014 a successful year for Continental
Continental Corporation has announced that it had €34.5 billion in sales in 2014, a major leap from the year before. “All in all, we systematically continued along our successful path last year despite the weak growth in Europe, Russia, and…
India plants more trees in Tipura; to meet demand
The Indian government is giving a huge impetus for rubber growers by planting more rubber trees in north eastern areas of the country like Tripura, which is the second largest rubber producer in the country after Kerala state. The climate…
TRW Automotive price set at US$99.34
US-based TRW Automotive Holdings Corp has received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, StockRatingsNetwork reports. Nine analysts have rated the stock with a hold recommendation and two have given a buy…
MRF eyes Kesoram’s tyre unit
India’s largest tyre manufacturer Madras Rubber Factory (MRF) is eyeing to buy the tyre unit of Kesoram Industries. The two are in talks for a purchase at a value far above than the market capitalisation of the entire diversified Birla…
Schalke 04 teams up with South Korean tyre manufacturers
Schalke 04 and South Korean tyre manufacturer Kumho Tyre have agreed to a partnership deal running until the end of the 2016/17 season, which includes the option for a further year. Founded in 1960, Kumho are now selling more than…