SUMITOMO Rubber Industries Ltd. forecasts strong sales and earnings this year for its tyres, sporting and industrial business units. Based on the company’s fiscal 2012 financial summary report, this year, the company projects a 7% to US$7.62 billion sales growth,…
Author: admin
Bridgestone may use less rubber amidst weak US demand
The tyre maker slashes down its use of rubber by 2.6% this year though December as demand in the US will be slower than forecast, according to an analyst.
New hybrid race car runs on rubber and hydrogen
THE new Aston Martin model launched the hydrogen-powered hybrid Rapide S, featuring twin-turbocharged 6.0-liter V12, is capable of running on hydrogen, gasoline, or a combination of the two. Rapide S will enter in the 41st ADAC Zurich 24 Hours of…
Zeon delays Singapore SSBR plant by 2 months
According to news reports, Japan’s Zeon Chemicals will delay the start-up of its already completed US$240 million SSBR plant in Singapore from July to September. However, the firm has said it will run the Singapore plant “flat-out” upon its starting…
Vee Rubber to debut new high performance tyres for 2014
OEM tyre maker VEE RUBBER is finally going into producing its own tyre brands, after more than three decades of producing tyres for other brands. By 2014, the Thailand-headquartered company will be launching several new models of tyres. Brand manager,…
Indonesia mulls nixing export curb pact
The agreement of curbing rubber exports has since effected insignificant impact on global rubber prices.
Prevailing rubber price gaps hit the market
Experts said that the price gaps in the rubber market are currently too wide and volatile.
European tyres market hit low in 2013 Q1
Consumer tyres market was down by 12%,. according to ETRMA.
Nishikawa Cooper to expand production at Bremen plant
HIROSHIMA-headquartered Nishikawa Cooper (Nisco) will invest US$12.7 million in new equipment to expand production at its Bremen plant. Along with the installation that is expected to be completed by July, it is hiring 34 additional workers by 2015. The expansion,…
Truck sales in China can benefit rubber
CHINA has posted a 7.7% to 320,300 units rise in truck sales in March from a year earlier, according to a data released by China Association of Automobile Manufacturers (CAAM). According to Orient Futures Co. analyst Yan Xinbin, the positive…