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Wacker increases annual income projection

Wacker Chemie AG has upgraded its annual projection for EBITDA (earnings before interest, taxes, depreciation and amortization). An announcement to this effect was issued by the Munich-based chemical company today. EBITDA for 2014 is now projected to be at least…

Yokohama builds new facility in California

Yokohama Tire Corp. (YTC) plans to move its western distribution operations to a larger, newly constructed warehouse in Chino, Calif. by the end of 2014. The new facility is about 22 miles from the current warehouse in Fullerton, Calif. At…

Trelleborg reports operating earnings increase

Trelleborg Wheel Systems reported improved operating earnings for the three and six months ended June 30, but sales were down 4.9 and 1.7 percent, respectively, for the periods. For the quarter, Trelleborg Wheel reported operating income of $22.5 million, a…

Indian rubber farmers request to halt imports

The Hindu Business Line reports, “The Indian Rubber Growers Association has asked the center to suspend rubber imports, considering the fall in prices. When the prices fell in 1999, the government had stopped imports under advance licence scheme through a…

ITC to continue duty investigation on China tyre imports

The International Trade Commission voted 6-0 today to continue an antidumping and countervailing duty investigation against certain passenger and light truck tire imports from China, sending the case to its next phase. The ITC vote came exactly one week after…

Mercedes-Benz’s GLA picks Yokohama eco tyre

Daimler Benz A.G. has selected Yokohama Rubber Co. Ltd.’s C.drive2 high-performance eco tyre as an OE fitment — in standard and run-flat versions — for its 2015 GLA-Class compact SUV sold in overseas markets. The GLA-Class — a four-door, five-passenger…