Tyre grade prices tumbled to multi-year lows this week because of weakness in benchmark Tokyo futures and persistent worries about slowing demand from main consumer China, dealers said on Wednesday. Although the dip in prices spurred buying from tyre makers,…
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It’s crystal ball time for future European tyre sales
At this time of year as we venture into yet another trading year in the European tyre industry, thoughts naturally turn toward anticipated sales performance for 2014. Having taken a comprehensive look at what the analysts are predicting amidst streams…
Ineos said to seek lower rate on $3.7 Billion of loans due 2018
Ineos Group Holdings SA, the world’s largest maker of phenol and nitrile chemicals, is seeking to lower the rate on about $3.7 billion of loans that expire in 2018, according to two people with knowledge of the transaction. Bank of…
Glove maker Ansell resolves Iran export claims
A US-based unit and French affiliate of Ansell Ltd. have agreed to settle claims they violated US export controls by arranging to ship thousands of industrial-strength gloves to Iran without authorization, the US Department of Commerce said Friday. New Jersey-based…
Michelin joins tire recycling efforts in France
Michelin has announced that its tire recycling project (TREC) is partnering with the French Atomic Energy and Alternative Energies Commission (CEA); biotechnology company Proteus; and Solides Divisés Technologies (SDTech), an industrial company specializing in ultrafine powders, to develop two new…
GMB ‘devastated’ by Dunlop’s decision to relocate
GMB have said they are ‘devastated’ with the decision by Dunlop tyres to relocate the manufacturing of motor sport tyres abroad. In a statement, GMB have responded to the announcement and feel the company have been ‘disingenuous’ after several meetings…
Michelin and Continental to continue their market dominance in Germany’s tyre market through 2018
Germany is the largest economy in Europe and is also one of the leading tyres markets, globally. Moreover, the country is the fourth largest passenger car producer, globally, after China, US and Japan, which market Germany a large market for…
New Bridgestone R249II EVO Ecopia steer truck tyre
Bridgestone has introduced the new R249II EVO Ecopia, the steer truck tyre. R249II-EVO-Ecopia_smallThe R249II EVO Ecopia is available in size 315/60R22.5 and was engineered with significantly reduced irregular wear for vastly improved mileage, while at the same time reducing rolling…
Toyoda Gosei to buy German firm
Toyoda Gosei is broadening its business foundations in Europe with the establishment of a new company in Germany and acquisition of valuable assets from Meteor Gummiwerke K.H. Bädje GmbH & Co. KG (Meteor), an automotive rubber products manufacturer headquartered in…
Plans outlined the arrival of tyre giant to Burton
A SLIGHT hitch with a railway firm was the only thing left holding up the development of a factory by an Italian tyre giant in the town in the 1920s. Burton Town Council revealed that arrangements were being finalised for…