A decrease in rubber imports by China and other countries is being partly blamed for a crisis in Southeast Asia’s rubber industry. Prices have been falling below production costs. For rubber farmers in Thailand, Malaysia and Indonesia – who supply…
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Haley urges South Carolina officials to reconsider tariff intended for Giti
The State reports, “New tariffs placed by the US Department of Commerce on tyres manufactured in China – including those made by Giti Tire – have raised concerns in South Carolina. Gov. Nikki Haley wants commerce department officials to reconsider…
Malaysian state to carry out IPG programme to assist rubber smallholders
Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas said a Rubber Production Incentive (IPG) programme will be carried out in January next year to assist rubber smallholders in the State. “The Government had approved allocation to carry out…
Tyre makers in India to acquire NR 25% rate higher than Bangkok price
Major trye makers have agreed to procure natural rubber from domestic market at 25% rate higher than the International (Bangkok) price. In a meeting with Kerala chief minister Oommen Chandy, top brass of 12 leading tyre companies had approved the…
BMW i3 electric car to be fitted with Nokian Hakkapeliitta R2 winter tyre
In January 2015 Nokian Tyres Inc. will introduce the Nokian Hakkapeliitta R2, a winter tyre designed for BMW’s i3 electric car. It combines low rolling resistance, first-class…
Shandong Linglong reports European and Global growth aspirations
Shandong Linglong Tyre Co. discussed the tyremaker’s growth ambitions and the role Europe will play in achieving these ambitions at the signing ceremony of its agreement with German football club VfL Wolfsburg. “With an average historic growth rate of around…
ATG inaguarates new off-highway tyre factory in India
Alliance Tire Group kicked off production in its new factory in Dahej, India. The company’s third tyre plant will produce off-highway tyres for the global marketplace, ATG said. The tyremaker invested nearly $510 million into the factory and the plant…
Continental earns German-based tyre manufacturer
Continental AG has acquired all shares in AZ Formen- und Maschinenbau GmbH – a Runding, Germany-based company that produces tyre molds, containers, special machinery and cutting devices. The purchase includes two AZ plants: one in Runding and another in the…
New strategies as BKT Tires charts high growth and increased presence
BKT Tires, which is one of the companies owned by India based Balkrishna Industries Ltd’s American group and which recently opened a branch in Brentwood, Tennessee, will adopt new strategies to complement its high growth and increased presence in the…
Apollo launches Manchester United-branded tyres in Thailand
Apollo Tyres has come out with Apollo & Manchester United automotive tyres in Thailand. The country is the first in Asia, and only the second globally after the United Kingdom, to see the launch of the Manchester United-branded tyres. Aimed…