The company invested US$100 million in the project and the plant, located in Bogor-Citeureup (Java) includes an 18 kiloton tyre cord fabric facility and a 14 kiloton third and fourth-generation polyester HMLS yarn facility. Over 200 people will be employed…
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India Rubber Meet 2015 to gather the best of the rubber industry
Stakeholders of the Indian rubber industry will convene on March 4 to 5 this year for the India Rubber Meet 2015. The event which is to be held at Le Meridien, Convention Centre, in Kochi, India will see stakeholders such…
Daihatsu 2015 sales in Indonesia to remain flat
2015 sales of PT Astra Daihatsu Motor, is forecasted to remain flat at 185,000 units, Kontan daily reported. The firm recorded sales of 185,226 units in 2014, representing 15 percent of Indonesia’s domestic car sales. The Indonesian automotive manufacturers association…
25 billion baht to be provided to business operators buying natural rubber
The Government Savings Bank and Krung Thai Bank has been ordered by The National Council for Peace and Order (NCPO) to provide business operators with soft loans worth 25 billion baht to buy natural rubber from farmers. The resolution came after a…
Chinese car and light truck tyres to expect more duties
Tyre imports from China will be slapped with heavier duties by the U.S Department of Commerce. In a preliminary decision on Wednesday, Commerce set anti-dumping duties of up to 87.99 percent on car and light truck tires. Commerce had already…
New Nokian NTR 52 introduced
Nokian Heavy Tyres is introducing the new Nokian NTR 52 steer axle tyre for trucks and buses for medium and long distance use. This new tyre meets the EURO 6 load carrying capacity requirements and has a higher load index…
Lamborghini collaborates with Pirelli; creates the Aventador Pirelli Edition
Lamborghini has announced its collaboration with Italian tyre manufacturer Pirelli. The Aventador Pirelli Edition, available in Coupe and Roadster versions, will be produced in a special series and is available to order now from dealers, for delivery by mid-2015. The…
NDR to float 65 million shares for debt repayment
Tyre manufacturer ND Rubber Plc (NDR) will float 65 million shares to the public through the Market for Alternative Investment, priced at 2.7 baht apiece for debt repayment. Managing director Chaiyasit Samrittivanicha said about 100 million baht available from the…
Indonesia’s rubber exports to stay stagnant this year
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…
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…