International Automotive Components (IAC) plans to increase 180 jobs at its plant in Strasburg, Virginia. Company spokesman David Ladd says that the auto market has improved and car makers have increased production. He says the Strasburg plant produces components considered…
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Price of tyres in Malaysia fall
The price of tyres in Malaysia have fallen by an estimate of 10 % to 15 %. The dip began as early as September last year. Some tyre-owners have been afraid to hold on to the stocks, fearing further price…
Vietnam’s automotive sales jumped 43% in 2014
The latest report by the Vietnam Automobile Manufacturers’ Association (VAMA) says that sales of automotives hit 157, 810 last year – a 43 % increase from the year before. The report also stated that: Sales of trucks grew by 42…
Global NBR market to grow for the next 4 years, analysts say
A new report by Research and Markets predicts that Global Nitrile Butadiene Rubber (NBR) market will grow at a Compound Annual Growth Rate (CAGR) of 6.85% until 2019. Nitrile Butadiene Rubber (NBR), commonly known as Buna-N or nitrile rubber, is…
Shares of Goodyear Tire & Rubber (GT) fall
Shares of Goodyear Tire & Rubber (GT) fell 5.69% to US$26.44 in morning trading Tuesday. It came amidst the company’s announcement that it now expects full-year 2014 segment operating income (SOI) growth to be slightly below its original 10% to 15% range. The…
Recycled tyre-turfs and fields come under heat in the US
A US senator, Jerry Hill, has introduced a bill banning new artificial turf fields made with recycled tyres in California, prompted by increasing concerns that the materials may be linked to serious illnesses in children. Meanwhile, the state is conducting…
Shin-Etsu introduces silicone series for prosthetic use
Shin-Etsu Silicones of America has introduced the Shin-Etsu Select-Skin RTV Elastomers series for applications requiring a skin-like material with tough performance properties. Select-Skin RTV elastomers are comprised of two series: the “super soft” SES22330 (1:1 ratio) and the “tough skin”…
Toyoda Gosei moves to new Chinese office
Japan’s Toyoda Gosei has relocated the regional headquarters for its automotive parts business (Toyoda Gosei Shanghai or Shanghai TG) to a larger space in January 2015. In addition to the Shanghai TG regional headquarters, Toyoda Gosei has regional production operations…
Tyre companies in India slash prices
Tyre makers in India are caving to public demand by slashing the prices of tyres. The move — the first in one and a half years – saw the manufacturers reducing the prices of their tyres by 4%. This includes…
Demand for rubber in India slows down
India has seen a 36% shrink in rubber production in December 2014, its steepest drop for last year. Meanwhile, consumption has increased marginally while growth in imports has slowed down. The Automotive Tyre Manufacturers’ Association (ATMA) quoting the Indian Rubber…