TreadWright, a small but growing manufacturing company that converts recycled tyres into new tyres for light trucks, SUVs and off-road vehicles, has moved its headquarters from South Dakota to Houston. The company recently began local recycling and manufacturing production at…
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Global rubber surplus exceeded estimate
A surplus in the global natural-rubber market this year will be 78 percent more than estimated in December as demand growth weakens and production in Thailand surpasses forecasts, according to The Rubber Economist Ltd. The glut is seen at 652,000…
Natural gas hike in Malaysia affects rubber glove sector
Analysts are mixed on the impact of the price hike of natural gas towards the rubber glove sector, dependent on whether the costs are passed on to customers. The research division at TA Securities Holdings Bhd (TA Research) believed the…
SON concerns the import of used tyres into Nigeria
The Director General of Standard Organisation of Nigeria (SON), Joseph Odumodu has expressed deep concern over the influx of used tyres into the country. Odumodu, who blamed this trend on the porous Nigerian borders, said these tyres are not only…
Michelin implants RFID in Formula E tyres
Michelin has been partnered the FIA Formula E Championship right from the beginning and developed a purpose built 18 inch race tyre for the Spark-Renault SRT_01E electric Formula E car. Besides the size, as it created a league of its…
Apollo Tyres expecting an increase in export revenue
Apollo Tyres is expecting 50 per cent increase in export revenue from Asia Pacific, West Asia and North African markets in this fiscal, according to President Satish Sharma. The region contributes around 11 per cent of the company’s turnover of…
UK farming company impressed with Michelin tyres
When the dealer who fits your tractor tyres calls to ask if you’ve moved your business elsewhere, you’ll know that they’re lasting longer than expected. According to Michelin that is what happened at Moundsmere Farming Company, a large-scale UK farming…
European tyre market unrolls high tyre sales in Q1 2014
The European Tyre and Rubber Manufacturers Association (ETRMA) recently released figures of its members’ sales in the first quarter of 2014. Compared to the very low start of 2013, ETRMA members garnered a double digit growth almost in all tyre…
Rana Motors tied-up with Ghanaian rubber growers
Rana Motors, an automobile firm in the country, has gone to the aid of rubber growers by providing them with various financial packages to acquire trucks for carting their produce. Under the package, a farmer pays 20 per cent of…
Indag Rubber sales declined
Net profit of Indag Rubber declined 3.21% to Rs 6.34 crore in the quarter ended March 2014 as against Rs 6.55 crore during the previous quarter ended March 2013. Sales declined 0.50% to Rs 55.64 crore in the quarter ended…