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…
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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…
Conti’s aim to buy Veyance slows down; aims for 5% growth this year
Germany’s Continental aspires to purchase Veyance Technologies Inc. from the Carlyle Group, but has been slow in doing so. This is because it faced a huge roadblock in December when it received a conditional approval from the US Department of…
Sumitomo buys Swiss rubber parts maker for the pharma sector
Japan’s Sumitomo Rubber Industries (SRI) is expanding its business of rubber parts for pharmaceutical packaging by acquiring all shares of Lonstroff Holding AG (a Swiss company), which are currently held by BV Holding AG (a private equity fund). The consideration…
Malaysia’s November natural rubber rose 11%
Malaysia’s Department of Statistics says that the country’s natural rubber production rose 11% from October to 53,040 tonnes in November last year. However, it was down by 21% compared to the previous year. Meanwhile, the country’s natural rubber exports fell…
Car sales in Philippines jumped 30% in 2014
The Chamber of Automotive Manufacturers of the Philippines Inc (Campi) and the Truckers Manufacturers Association are optimistic that it will achieve a 16 % growth this year, with passenger and commercial vehicles expected to account for 40% and 60% of…
Taiwan’s tyre market to increase over next five years
A report has forecasted that the Taiwanese tyre market is set to increase at a Compound Annual Growth Rate (CAGR) of more than 4% from this year to 2020. The report titled “Taiwan Tyre Market Forecast and Opportunities, 2020” by…
MotoGP World Championship to continue on Dunlop tyres
Dunlop tyres will continue being the tyres used in the MotoGP World Championship for Moto2 and Moto3 respectively. “We are delighted to continue our association with a name as renowned as Dunlop for both the intermediate and lightweight class tyre…
New ringtread partner in Marangoni European network based in Norway
Italy’s Marangoni Retreading Systems and Gummiservice Produksjon of Rade, Norway, have signed a cooperation agreement. With some 40,000 retreaded tyres per year, Gummiservice Produksjon is a highly significant market player in Norway and Sweden and has been established for many…