The industry is nearly halfway through the year of the snake, which at the start of the year is predicted to bring in more positive vibes in many industries and buying activities. While there is no statistics which sectors will flourish and which will bite the tail, the auto industry is yet to gain full momentum from slow demand since the previous years; and till the first half of this year, it still maneouvres through rough ride. The interspersed opportunities tell hope is in sight.
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Toyo Tire decries infringement practices by tyre players
In a formal complaint , Toyo alleges the respondents have engaged in unfair trade practices by importing into and/or selling within the US, tires that infringe eight US design patents held by Toyo.
Conference to showcase UKM’s palm oil-based polymer
The Latex & Synthetic Polymer Dispersions conference in September will serve as a platform to introduce UKM and its innovation to the polymer community.
Kerala rubber farmers lose out 30,000 tonnes latex to rain
RUBBER farmers in Kerala have lost at least 30,000 tonnes of latex, as rains pummel incessantly in June, July and early August. Reportedly, losses amounted to more than Rs. 550 crore at the current price. Tapping has been stopped for…
Michelin continues support to Yellowstone
MICHELIN North America Inc has renewed its five-year-old agreement with Yellowstone Park Foundation — the official fund-raising partner of Yellowstone National Park — covering tyres and vehicle maintenance advice for the park’s fleet of 800-plus vehicles. Since 2008, Michelin has…
Sibur starts up its Voronezh TPE facility
Russian petrochemicals supplier Sibur has launched production of styrene-butadiene thermoplastic elastomers (TPE), to be used for the road building industry and roof coatings, at its Voronezh-based facility. The production facility reached its full design capacity of 50,000 tonnes/year. The process…
Lankem Ceylon announces plan for rubber plantation in Cambodia
SRI LANKA-headquartered Lankem Ceylon Plc has announced that its unit, Kotagala Plantation, is planning to develop some 15,000 hectares of rubber plantation in Cambodia. Lankem’s Chairman A. Rajaratnam says via an annual report, “The area that will be used for…
BMW gets into the green supercar battle
BMW AG’s rechargeable i8 sports car is joining the list of green supercars. Ludwig Willisch, BMW’s North American CEO, said in a statement, “This is the supercar of the future: It has the driving performance of an M3, but gets more than 80 miles per gallon.”
Bridgestone starts Thai tech centre operations
As the markets in the Asian region continue to grow and diversify at a fast rate,Bridgestone believes that it is necessary to set up a technical centre in Thailand as a step to strengthen its framework for research and development in the region.
Modi rubber posts standalone June sales
NEW DELHI-based Modi Rubber, has reported a standalone sales turnover of Rs 1.05 crore and a net loss of Rs 1.69 crore for the quarter ended June 2013. Other income for the quarter was Rs 1.15 crore. Over the same…