Activist investor Elliott Investment Management LP, which manages funds that have an investment representing an approximately 10% economic interest in Goodyear Rubber & Tire Company, wants the company to strengthen its financial position by refreshing the board, selling its stores…
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Goodyear launches first tyre to use methane-carbon black tread
Goodyear Tire & Rubber Company says it has a new tread formulation for its ultra-high performance, all-season ElectricDrive GT tyre, tuned for electric vehicles, in size 235/40R19. The specialised tread compound that provides enhanced all-season traction will include hydrogen and…
Gloom ahead for glove sector as Hartalega shuts down plant
Malaysian glove maker Hartalega’s closure of its Bestari Jaya plant, which comprises four facilities with 40 production lines, could be a sign of a marked downturn in the local glove sector. The decommissioning exercise is expected to be completed by…
Wastefront ties up with Weber & Schaer for rCB
Norwegian waste tyre recycling company, Wastefront, says that one of Europe’s largest distributors of products for the rubber industry, Weber & Schaer has signed a strategic offtake and on-sale agreement for its recovered carbon black (rCB). The agreement secures Wastefront’s…
Nokian Tyres breaks ground on EUR650 mn plant in Romania
Nokian Tyres recently broke ground at its new passenger car tyre factory in Oradea, western Romania, one of the biggest greenfield investments in the country in recent years. Nokian says the factory in Oradea, which will require a total investment…
Vibracoustic launches green rubber project
German automotive noise, vibration and harshness (NVH) products supplier Vibracoustic says it is implementing new processes to sustainably source, manufacture, and recycle the rubber used in its products. The ‘Green Rubber Project’ is a comprehensive program to find, validate and…
UK to review anti-dumping duties on tyres from China
UK’s Trade Remedies Authority (TRA) says it has initiated two transition reviews into anti-dumping and countervailing measures on lorry and bus tyres imported from China. The tyres to be investigated during this review are pneumatic rubber tyres, new or retreaded…
SMX and Continental release second application for NR
US-based SMX (Security Matters) says that it is continuing its collaboration with German tech firm Continental, enabling automotive companies the ability to identify and verify ethical sourcing of natural rubber and to demonstrate a higher level of responsibility and certification…
Turkey’s Petlas to expand facility in US$360 mn investment
Turkish tyre maker Petlas plans to invest US$360 million in the construction of a new production facility adjacent to its existing plant in K?r?ehir. Established in 1976, Petlas was initially founded to produce aircraft tyres and was later acquired by…
Bridgestone ties up with university to expand guayule in Arizona
Tyre maker Bridgestone Americas Inc. has teamed up with University of Arizona in a five-year, US$70 million effort to scale up production of natural rubber from guayule. The US Department of Agriculture will channel an investment of US$35 million, with…