The German specialty chemicals company, Lanxess, has taken a novel initiative towards innovation in partnership with its leading distributor for rubber businesses, Ram Charan Co Pvt Ltd, which is a strategic business partner to leading manufacturers in rubber, plastics, inks…
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UAE tyre market reports progress
Amidst ongoing global economic scenario, the UAE automotive market is perceived as a market for ‘profit consolidation’, given the low yields from the European automotive sector. Furthermore, favorable government regulations, logistics infrastructure and real estate growth are boosting the UAE…
DTC and Al Dobowi signs tyre deal contract
Dubai Taxi Corporation(DTC) has signed a contract with Al Dobowi Tyres Group for the supply of Korean Hankook tyres for a period of two years to the value of Dh8,350,860 in the first year. Ahmed Khalfan Al Suwaidi, CEO of…
Hankook announces robust sales in Q1
Hankook Tire, the leading and one of the fastest growing tyre companies in the world, today announced its financial results for the first quarter 2014 with robust global consolidated sales of KRW 1.67 trillion and operating profit of KRW 260.1…
Cooper introduces new premium touring tire
Cooper Tire & Rubber Co. has introduced the CS5 Touring, a premium touring tyre with two all-season tread options and four speed ratings, including W. The CS5 is available in 78 sizes in Grand Touring (T-rated) and Ultra Touring (H-,…
GT Radial reveals new heavy duty van tyre
Following the news of two new commercial vehicle tyre releases and another European show debut at Reifen 2014, GT Radial has announced that it will complete its new product line-up with a van and a car tyre too. Designed for…
Global rubber prices drops almost 4-1/2 year low
Global rubber prices tumbled towards their weakest in more than four years on Wednesday, as plans by top producer Thailand to sell the commodity it had purchased from farmers to support prices ratcheted up pressure in an already depressed market.…
Indian tyre sector restates demand for national rubber policy
The Automotive Tyre Manufacturers Association (ATMA) has reiterated its demand for a comprehensive national rubber policy on the lines of auto sector policy in the country. This was raised at the meeting the tyre industry leaders had with Amitabh Kant,…
Malaysian rubber prices continues to plunge
Malaysian rubber prices continued to trend lower due to lacklustre demand for the commodity on the back of a stronger ringgit, a dealer said. He said China’s negative manufacturing data for April dampened buying sentiment. The Malaysian Rubber Board’s official…
Nigeria tyre marketers opposes import duty on tyres
AS local and foreign investors continued to key into the new automotive policy, which seeks to encourage emergence of vehicle manufacturing plants in Nigeria, tyre marketers have opposed the five per cent import duty concession on tyres imported by local…