Kumho Tire’s new 7,000 square meter warehouse was opened in Al Khumra District, south Jeddah recently. Minseok Lee, GM, Kumho Tire for KSA & Bahrain, cut the ribbon to mark the opening. “This is another step toward serving our valuable…
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Goodyear Tire & Rubber profits set to rise
Wall Street is optimistic about Goodyear Tire & Rubber, which is slated to report its first quarter results on Tuesday, April 29, 2014. Analysts project a profit of 60 cents a share, a rise from 45 cents per share a…
Belgian plantations group positive on rubber price, optimistic on palm oil
Improved economic prospects in the West provide hope for a recovery in rubber prices from four-year lows, plantations group Sipef said, adding that it was “optimistic” over palm oil values too. The Belgian-based group – whose empire stretches from Ivory…
Indian spot rubber prices recovers
Spot rubber finished firm on Friday. The market opened steady but improved later on covering purchases at lower levels following the better trend in domestic futures. There were no quantity sellers in the local trading houses as most traders expected…
Top Glove’s shares expected to increase
Top Glove Corporation Bhd’s weaker than expected sales volume growth is seen to have been largely priced in by the market and RHB Research has upgraded it to “buy” call from “neutral”, with an unchanged target price of RM5.67. The…
Lanxess introduces alternative curing Process for EPDM rubber
Lanxess, a leading global manufacturer of synthetic rubber, will showcase a broad range of products for the rubber transformation, automotive, tyre, and civil construction industries, among others at the Expobor 2014, Latin America’s largest rubber fair, held in late April…
DuPont wins nonstick coating patent rap
DuPont Chemicals & Fluoroproducts (DC&F) said that it won the Teflon patent and trademark infringement case against the Italian cookware and home appliances company Bialetti Industrie S.p.A., Coccaglio/Italy. On 12 March 2014, the Court of First Instance of Milan (Italy)…
Sumitomo inaugurates tyre plant in Thailand
The official opening of Sumitomo Rubber Industries’ first agricultural tyre plant outside of Japan took place on April 22. The newly-completed Sumitomo Rubber (Thailand) factory in Thailand’s Rayong Province was host to some 150 opening ceremony guests, including Rayong regional…
Indian government increases ITPs on tyre imports
Although after a long debate between industry, importers and FBR, government has increased Import Trade Prices (ITPs) on import of tyres from three to 20 percent, experts believe the revision will neither enhance revenues nor give protection to local tyre…
Titan first quarter profits surge
Titan International Inc. suffered double-digit drops in earnings in the quarter ended March 31 on 6.8-percent lower sales, prompting management to put its workforce on notice that it will be “adjusting employment levels” in the second quarter. The sluggish first…