Apollo’s Board of Directors has recently green-lighted an investment of USD 685 million over four years to build a car and truck tire plant in eastern Europe, but until now the Indian tire maker had not released details about possible…
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Southeast Asian rubber farmers changes crops
A slump in natural rubber prices to multi-year lows is spurring Southeast Asian farmers to turn to other crops and tappers to look for other jobs, potentially chipping away at a chronic supply overhang. Any crop shift won’t lead to…
Nexen gains Green Hive concept tyre award
Nexen Tire Corp. has been named a 2014 International Design Excellence Awards (IDEA) winner for its Green Hive concept tyre. The tyre, which Nexen said prioritizes usability, economy and sustainability for customers, features an innovative design that allows its tread…
Federal Corp. constructs second tyre factory in Taiwan
Taiwan tyre maker Federal Corp. has secured land in Taoyuan, Taiwan, for a second factory in that island nation. However, construction is not expected to begin until late this year, Federal Chairman Jamie Ma told Tire Business this week at…
Goodyear builds consumer tyre factory in America
Add Goodyear to the list of tyre makers planning to build or expand tyre plants closer to home. The Akron-based tyre maker said it plans to invest about $500 million to build a consumer tyre factory in North America or…
Taiwanese tyre manufacturer recalls Couragia tyres
Taiwanese tyre maker Federal Corp. is recalling 6,209 Couragia A/T tyres manufactured between May 2013 and April 2014 and sold in the U.S. and Canada. The tyres, size LT245/75R16 120/116Q 10PR, may suffer shoulder cracks caused by separation of the…
Kumho invests on electric car tyre
Kumho Tyres, South Korea’s leading tyre maker, is betting big on tyres for full-electric vehicles as the company’s future growth engine. “Years of experience in the EV market will give us a competitive edge when more electric vehicles go into…
JAWA targets rubber export contract to South Korea
Publicly listed plantation firm PT Jaya Agra Wattie (JAWA) is targeting a new contract for exports to South Korea, despite a downward trend in rubber prices since the beginning of this year that has disrupted rubber producers’ sales. JAWA finance…
Alliance recalls construction equipment tyres
Alliance Tire Americas Inc. is recalling 286 of its 14-17.5 ML Alliance 239 tires because they are missing essential sidewall markings. The tires are built for use on mining, logging and industrial equipment and are approved for restricted highway use…
North American tyre recycling industry, strong
Markets for recycled tires are more diverse and sophisticated than ever before, with rubber-modified asphalt an especially promising technology for the future, according to Dick Gust, director of government affairs and president of national account sales for Liberty Tire Recycling…