Finnish tyre maker Nokian Renkaat said it expected to increase both sales and profits in 2014 as demand in Russia, its key market, recovers sligthly from a slump in 2013. The leader in the Russian and Nordic winter tyre markets…
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Apollo Tyres says yes to Eastern Europe, Asia, and no to China
It appears to be a case of once bitten, twice shy for Apollo Tyres. Following its experience with Cooper Tire & Rubber, and particularly its joint venture subsidiary Cooper Chengshan, the Indian tiremaker seems ready to give China a wide…
Rubber inventories in producing countries set to decline: IRCo
Rubber stockpiles in Thailand, Indonesia and Malaysia are low and may decline further when the low-production season starts, International Rubber Consortium Ltd. said in statement on its website. Inventories available for sale in the three countries are “low contrary to…
Rampant import of raw rubber threatens local production
3500 tonnes of locally produced raw rubber worth Tk 630 million has long been lying unsold, officials close to the sector said. Besides, the domestic rubber industry is lately facing a threat due to the rampant import of raw rubber…
MRF profit drops to Rs.179.89 crore in December quarter
Tyre maker MRF Ltd’s latest quarter profit came in much below estimates mainly as rising employee costs ate into gains from declining raw material expenses. Net profit dropped to Rs.179.89 crore in the three months ended December from Rs.180.22 crore…
Falken’s Azenis fk453cc SUV tyre range extended to include new 20” size ideally suited to Range Rover Evoque
Growing demand for the Range Rover Evoque has led Falken to release new sizes of its AZENIS FK453CC SUV-specific on-road tyre for the…
Multi-million pound pledge puts new spin on tyre tests
Up 100 new jobs are set to be created after a Bicester firm won a multi-million pound contract for its inventive tyre-measuring technology. Sigmavision’s TreadReader, an automatic tyre inspection system that spots worn tyres, can be fixed into drive-over ramps…
Uganda to get a tyre factory
CCLE Rubber Company from China, is to open a $25million (about sh63bn) motorcycle tyre and tube manufacturing company in Mukono district. The factory also intends to manufacture lubrication oil. The factory, a first of its kind in the region, is…
JK Tyre launches an integrated brand campaign
JK Tyre & Industries has recently launched a 360 degree brand campaign that aims to clearly position the brand as a premium superior quality offering. The core of the campaign is rediscovering and reconnecting relationships with family and friends, that…
Exclusive Treadsetters PCR brands include Hifly HP tyre
UK and European wholesaler Treadsetters offers two exclusive passenger car tyre brands in a range of patterns up to ultra-high performance sizes. The distributor says its high performance Hifly HF805 tyre incorporates a tread pattern designed to provide improved steering…