AmResearch has maintained its Buy rating on Kossan Rubber Industries Bhd at RM4.09 with a higher fair value of RM5.05 (from RM3.80), and said although Kossan’s share price had performed exceedingly well in the last year, the stock had further…
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Dealers take tyre-makers like MRF, JK and Birla Tyres to CCI over cartelisation
TYRE dealers have dragged MRF, JK and Birla Tyres among other tyre manufacturers to the competition watchdog alleging cartelisation and that pricing of tyres was “disproportionate and arbitrarily”. The federation has charged that despite a sharp drop in rubber prices…
World tyre demand continues to inflate, says study
World demand for tyres is forecast to rise 4.3% a year to 2.9 billion units in 2017, according to the ‘World Tires’ study from industry market research firm Freedonia. Growth in the tyre market will continue to be led by…
Indian tyre industry to grow by a muted 2-4% for 2013-14: ICRA
The tonnage growth is likely to be a shade weaker as the larger T&B OEM tyre segment posts declines ICRA scales down its earlier estimates for total tyre volume growth for 2013-14 to 2-4% due to the higher than anticipated…
Marigold industrial rubber insulating gloves from Ansell address electrical workers’ needs
Ansell, a global leader in protection solutions, announces the introduction of Marigold Industrial Rubber Insulating Gloves to the Ansell product line to protect the hands of workers interacting with exposed energized, de-energized or re-energized electrical circuits. The increased flexibility and…
Tyre event in China to focus on “real” issues
Against the backdrop of increasing sales of passenger and commercial vehicles in China and India (in China automotive sales were up nearly 14% in 2013 to 21.98 million) and also a strong demand for replacement tyres, the third in the…
Risda targets RM4,000 monthly income for rubber tappers by 2020
KUALA LUMPUR – The Rubber Industry Smallholders Development Authority (Risda) has targeted a monthly income of RM4,000 per household by 2020 for rubber tappers. Risda chairman and director general Datuk Wan Mohamad Zuki Mohamad said it was to encourage the…
Vajra Rubber Products, an investment of Core International, achieves rare API Q certification in India
HOUSTON -Vajra Rubber Products (P) Limited (“Vajra”), an investment of Houston-based Core International, LLC (“Core”), earned the rare ISO/TS 29001:2010 Total Quality Management Systems certification (“API Q”) at the end of December 2013. Core and its subsidiaries provide engineered rubber…
Supportive government policies and fuel-efficient tyres to drive Malaysian tyre market says TechSci research
Growing demand for hybrid cars as a result of government initiatives to drive the tyre market in Malaysia over the next five years Malaysia’s favorable government policies, coupled with political and economic stability, and the presence of well-developed infrastructural facilities,…
Tyre industry divided over how to handle toxic waste
Australia’s tyre industry is split over the best way to tackle the problem of discarded tyres, with a new federal government stewardship plan getting only lukewarm support from some of the largest retailers and environmental groups. Federal Environment minister Greg…