Lanxess is pressing ahead systematically with its realignment. The specialty chemicals Group has defined a three-phase program “Let’s Lanxess again,” divided into the following three areas: Business & Administration structure competitiveness, Operations Competitiveness, Portfolio Competitiveness. The group-wide restructuring program initiated…
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Yokohama reports net income upsurge
Yokohama Rubber Co. Ltd. reported record sales and earnings for the first half of fiscal 2014, with operating and net income jumping 23.8 and 38.4 percent, respectively, on 5.3-percent higher sales. Yokohama attributed the “robust fiscal performance” to business gains…
Bridgestone develops tyre for BMW i8 electric hybrid vehicle
Following hard on the heels of Bridgestone’s selection as exclusive development partner for the electric BMW i3, this latest agreement is further
New market report forecasts US silicone market to climb
Reportbuyer.com has added a new market research report: U.S. Silicones Market, Freedonia. U.S. demand for silicones is forecast to climb 4.7 percent annually to $4.3 billion in 2018, with volume rising 3.2 percent per year to 900 million pounds. This…
Countrywide adds new trailer tyre to RubberMaster brand
Countrywide Tire & Rubber Co. has added an ST radial trailer tyre to its RubberMaster brand offerings. The company said the opportunity to produce the new tyre came during the development of Countrywide’s recently launched direct container program, LINK, and…
VMI Group fights IP infringement in China
Dutch VMI Group has convinced the Chinese law enforcement to raid a Chinese company that is making equipment that replicates VMI’s tyre building drums. The results of the raid are now being examined by the Chinese courts and a ruling…
Michelin adds three new tyres to WRC range
No less then three new Michelin tyres have been developed for this season’s FIA World Rally Championship, and the tyre maker says “extremely positive feedback” was garnered following private session tests by its partner teams, with improvements noted in a…
Agusan del Sur to expand rubber tree plantation
A 20,000-hectare rubber tree plantation is being programmed in Agusan del Sur after having been seen as another key factor in climate change mitigation and sustainable livelihood to farmers. The government and rubber growers are looking for bigger areas in…
Omsk inaugurates carbon black plant in Belarus
On July 29, 2014, a ceremony devoted to commencement of the construction of a carbon black plant was held in the City of Mogilev (Republic of Belarus). Omsk Carbon Group was appointed the operator of the international project. The date…
Cooper reports net income rise in second quarter
Cooper Tire & Rubber Co. posted net income of $38.2 million on net sales of $888.7 million for the second quarter ended June 30, 2014. That compares to income of $35.5 million on sales of $884.1 million for the same…