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…
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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…
India’s tyre market seeks reduction in tyre prices
The All India Tyre Dealers’ Federation (AITDF) is seeking the help of the government to lower tyre prices as the cost of raw material falls continuously. This is to help the rubber growers of the state as the natural rubber…
Layoffs at Yokohama’s Salem plant
Japan’s Yokohama Tire has announced that it has laid off 31 staff at its Salem plant in the US. The Salem plant produces passenger and light truck tyres. The positions are being phased out to more effectively streamline the current…
Saudi tyre market to expand
Saudi Arabia has had to mostly rely on exports to fill its demand for vehicles – one of the highest in the world – and has a huge vehicle production deficit. However, the situation is expected to change because of…
TI Automotive to sponsor two race cars in car championship
TI Automotive will sponsor two Dodge Viper GT3-R race cars in the 2015 United Sportscar Championship (TUSC) at Daytona on January 24th and 25th, 2015. The leading global supplier of automotive fluid systems technology will act as the main sponsor…