Canadian Tire Corp (CTCa.TO), best known for its automotive and homeware stores, posted a better-than-expected profit for the fifth straight quarter as harsh winter weather boosted sales of shovels, snow blowers and car batteries and tyres. The company’s revenue rose…
Author: admin
Bridgestone Blizzak WS80 tires combat all cold weather conditions
If you live in a region that gets cold winters, changing your tyres is a must whether you live in an area that gets snow or not. There is a general belief that winter tyres are only necessary if you…
Yokohama Rubber enters technological agreement with S. Korea’s Kumho Tire
Yokohama Rubber Co. has entered into a master technological alliance agreement with South Korea’s Kumho Tire, a member of the Kumho Asiana Group, company officials said Feb. 14. The agreement defines the framework and purpose of the proposed technology alliance…
Govt approves Rs 960-cr scheme for rubber sector development
Government today approved a scheme for the development of rubber sector in the country with an outlay of Rs 960 crore in 12th plan (2012-17). “The Cabinet Committee on Economic Affairs has approved the continuation of the ‘Sustainable and Inclusive…
Michelin joins forces with three more companies to put used tyres to better use
Four French firms have come together to work on a significant used tyres-related project. Michelin is leading the team trying to extract rubber and alcohol from such tyres. TREC Gets Underway Michelin and three more French companies have joined hands…
Tyre maker Bridgestone pleads guilty to price-fixing
Tyre maker Bridgestone has pleaded guilty to price-fixing and agreed to pay a $425m (£255m) fine to the US Department of Justice (DOJ). According to the charges, Bridgestone participated in raising the prices of anti-vibration rubber parts sold to car…
Japan tyremaker shares drop on dissolved Goodyear alliance
Shares in Japanese tyremaker Sumitomo Rubber dropped more than five percent Friday morning after US partner Goodyear said it was dissolving the firms’ longstanding alliance over allegations of anti-competitive behaviour. The Tokyo-listed stock finished the morning session down 5.39 percent…
Price fluctuations turn rubber barons into common man
Anybody from outside Kerala visualizes the image of a planter from the rubber district of Kottayam as someone wearing branded clothes, living in a posh house, spending lavishly on food and jewellery and driving a swanky car, which he changes…
Goodyear Tire & Rubber earnings projected to increase
Wall Street is high on Goodyear Tire & Rubber, expecting it to report earnings that are up 62% from a year ago when it reports its fourth-quarter earnings on Thursday, February 13, 2014. The consensus estimate is 63 cents per…
Continental named tyre manufacturer of the year
An international jury also praised the company for the recycling of rubber from end-of-life tyres in conjunction with the retreading of truck tyres at the ContiLifeCycle plant in Hanover. The award was presented at a ceremony held at the Tyre…