A new agreement has been signed by US firms Liberty Tire Recycling and Lehigh Technologies to provide sales, service and support for Rheopave RMA systems in selected regions in North America. “Combining our companies’ capabilities enables us to broaden the…
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California tyre dealer accused by Michelin of US$3.2 mn fraud
Michelin North America, which is based in Greenville, South Carolina has sued a California tyre company in federal court, alleging it was defrauded of more than US$3.2 million worth of tyres through Michelin’s government sales programme. The lawsuit, filed in…
Thai Rubber chemicals market to grow 5 % until 2020
According to recently published report by TechSci Research, market for rubber chemicals in Thailand is expected will witness a Compound Annual Growth Rate (CAGR) of around 4% during 2015-20. Major factors that are driving market growth include growing tyre exports…
European Tyre and Rubber Manufacturers’ Association : 2014 sales closed on a positive note
The European Tyre and Rubber Manufacturers’ Association published today its members’ sales in the last quarter of 2014 as well as for the whole year. The last quarter of 2014 further confirmed the downturn in sales registered in the third…
International Automotive Components to increase jobs
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…
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…