Tokyo-based Bridgestone Corp. has agreed to plead guilty and to pay a $425 million criminal fine for its role in a conspiracy to fix prices of automotive anti-vibration rubber parts installed in cars sold in the United States and elsewhere.…
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Global rubber output in 2014 to be 12 mn tonnes
The global production of Natural Rubber (NR) in 2014 would be 12.1 million tonnes, according to estimates by the International Rubber Study Group (IRSG). According to the same estimates, world consumption of NR in 2014 would be 11.9 million tonnes,…
Nexen tyres gaining traction in European OE market
Nexen tyres is gaining momentum in its drive to increase its global Original Equipment (OE) supply and brand awareness in Europe. It has gainied major steps forward in its OE programme, gaining approval from the VW Group, fitting the bestselling…
Retailers unaware of responsibilities for toxic tyres
A crackdown on NSW tyre retailers found half of those inspected were unaware of their responsibility to ensure used tyres were handled by legal operators. The Environment Protection Authority inspected 258 tyre retailers in the Sydney, Illawarra, Hunter and Coffs…
Continental tyres receive range of new OE approvals for VW vehicles
Continental has received a range of new approvals from Volkswagen to supply summer tyre fitments as Original Equipment for the Golf Mk VII, CC, and Beetle. For the Golf Mk VII, Volkswagen has approved both 15 and 16-inch ContiEcoContact 5…
Russia’s 2013 synthetic rubber exports up 8.3% year-on-year
Russia’s exports of synthetic rubber rose 8.3% year-on-year to 943,500 mt in 2013, according to the country’s Federal Customs Service’s (FCS) data released Friday. The FCS did not give details of export volumes for each month. But last month it…
Mild weather caps winter tyre sales
A series of mild winters and relatively late snow has restricted the winter tyre market to around half a million units a year, according to Guy Frobisher, marketing director for Continental. “There is a winter tyre market out there but…
Saudi imports $1.7bn used tyres despite ban
Used tyres worth SR6.4 billion ($1.7 billion) were imported into Saudi Arabia in 2012 despite a ministerial decision banning import of such tyres, reports said. Such tyres are used for small cars, trucks, buses, agro machinery and aircraft, an Arab…
Analysis of Berkeley Labs study details flawed science
The EPDM Roofing Association (ERA) is challenging a study released by the Lawrence Berkeley National Laboratory, which cites white roofs as the most “cost-effective” roofing option over a 50-year time span. The study, published in the March, 2014, issue of…
China’s Qingdao rubber stocks rise 11 pct in past month-sources
The closely watched rubber inventory in China’s bonded warehouses in Qingdao jumped more than 11 percent in the past month to around 340,000 tonnes, three industry sources said on Monday, potentially capping gains on Tokyo futures. Rubber stocks in Qingdao,…