Due to a weaker forecast for the economy in Russia and CIS, Nokian Tyres downgrades its guidance for 2014. The clearly devalued Rouble has hurt Russian economy and the purchasing power of Russian consumers, thus weakening tyre demand and Nokian…
Author: admin
MRF and Apollo lead in Indian Tyre Market
India is a fast developing economy and also one of the largest automobile markets across the globe. Easy availability of finance, rising disposable income levels and favorable government initiatives are the major supporting factors for the automobile industry in the…
Italian firm introduces new tyre recycling technique
In Europe in 2011, 3.2 million tonnes of used tyres had to be disposed of. Recycling techniques are evolving in order to recover all the materials used to make the tyre, that includes not just the rubber but also fibres…
Asian FTAs balancing pros and cons for the auto industry
Asia is at the forefront of Free Trade Agreement (FTA) activities. There are more than 500 FTAs in the region, some of which are in effect and the rest are in the midst of being implemented. The FTAs are meant to give equal benefits to signatory parties.
Armenia to utilise Iran’s gas for chloroprene rubber production
Vazgen Safaryan, the chairman of the Union of Domestic Commodity Producers, recently announced that the Nairit chemical plant in Yerevan could use Iranian gas to resume production of chloroprene rubber. Speaking at a news conference he said the Union had…
Conti unveils new touring performance tyres
Continental Tire the Americas LLC has introduced the TrueContact, a touring performance, all-season tyre. The company says its proprietary technologies can save the consumer up to $550 over the life of the tyre. “The TrueContact brings together many of our…
Recent fall of rubber prices probed
The recent fall in natural rubber prices has attracted wide attention of the media and hectic parleys between the stakeholders and the concerned authorities. The monthly average price of RSS-4 grade (the most popular form of rubber processed in the…
CalRecycle admonishes local facility for storing excess tyre wastes; revokes permit
The California Department of Resources Recycling and Recovery (CalRecycle) has revoked the waste tyre facility permit of Global Waste Management Inc., a tyre recycling company in South San Francisco. Following a lengthy investigation, CalRecycle says it determined the company was…
BMW picks Hankook tyre for new 4-Series Coupé
The recently-launched 4-Series Coupé has become the sixth BMW Group model to be fitted with Hankook tyres. The 4-Series will be factory equipped with Hankook’s high-end…
CEAT Kelani to invest Rs.600 mn radial tyre plant
CEAT Kelani Holdings, the company that manufactures half of Sri Lanka’s tyre requirements, has announced a further commitment to the country in the form of an investment of Rs.600 million on a new tyre plant to produce highend radial tyres.…