According to recently released TechSci Research report, “United Kingdom Tyre Market Forecast & Opportunities, 2019”, tyre market in the United Kingdom is estimated at around US$ 5 billion (GBP 3.1 bn) in 2014. Key factors driving the market include growing…
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Omni United and Timberland introduced new line of tyres
The US casual-wear maker will work with Singapore-headquartered Omni on a new line of Timberland Tires that will find second life as shoe soles at their end of their motoring lifespan. Singapore-based tyre distributor Omni United and United States casual…
Inch Kenneth Kajang Rubber reports profit increase in Q3
Inch Kenneth Kajang Rubber PLC Monday said it swung to a pretax profit in the third quarter of its financial year, after last year’s results were hit by a number of impairments. The rubber company, which operates in Malaysia, posted…
Rubber producers plans regional exchange to allow physical rubber trading
Top Asian rubber producers Thailand, Indonesia and Malaysia are planning a regional exchange that will allow physical trading of the commodity, an official with the Malaysian ministry said on Friday. The exchange, targeted to be set up within 18 months,…
Dow Corning to exhibit most recent technologies at Construct Canada 2014
Stricter energy codes. Creative designs for aesthetically striking structures. A push to be more “green” in every aspect of building design and construction. These simultaneous trends in the building industry can be difficult to juggle, but Dow Corning Corporation –…
Nokian Renkaat desires to build up position in Russia
Finnish tyre maker Nokian Renkaat aims to strengthen its position in Russia despite the uncertainty of the Ukraine crisis and has also set its sights on future growth opportunities in China, its chief executive said. The company, which shares its…
Toyo new high-tech tyre help save fuel up to 5.5 per cent
High-tech tyre helps drivers avoid costs of twice yearly fuel excise indexation. Toyo Tires says its latest high-tech tyre could cut the cost of family motoring through fuel savings of up to 5.5 per cent compared with a conventional car…
Malaysian rubber tappers request for aid ignored in Putrajaya
In April, thousands of Malaysians gathered in Kedah to demand Putrajaya’s intervention over declining prices of rubber. But seven months on, the chants of “reformasi” at the Baling 2.0 gathering appear to have made little impression. Despite calling for Putrajaya…
Continental to build up production in India
The automotive sector may not be in top gear yet, but that’s not stopping the world’s fourth largest tyre manufacturer from ramping up its production in India. Continental Tire says it is yet to see changes on the ground in…
Top rubber producers approves to halt NR exports to lift global price
Thailand, Indonesia and Malaysia, which produce about 70 per cent of world’s natural rubber, agreed to cut exports from next year to drain supplies and bolster prices which are headed for a second year of declines. The reduction in shipments…