Indian tyre maker Apollo Tyres has opened an R&D centre in Enschede, the Netherlands, which will serve as a hub for the development and testing of car and van tyres for its Apollo, Vredestein and Dunlop brands. The Apollo Tyres Global R&D will start operations with more than 100 people from various parts of the world, including 20 car tyre specialists from India and South Africa. It will later be scaled-up to nearly 150 people.
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Top Glove scouting for plantations in Africa
Malaysian glove maker Top Glove has included Africa as a new growth frontier and is scouting for rubber plantations in a number of countries there.
Singapore and US firms eyeing Alliance Tire
Alliance Tire expects multi-million sales in 2012; owns two manufacturing plants, and has a sales presence in more than 120 countries.
Bridgestone to reintroduce Dayton tyres
Shelved in 2011, the tyre line is making a comeback due to commercial market demand as well as renewed interest from drivers, small fleets and managers alike.
Vietnam’s rubber output jumps 23.8%
However, the annual earnings of US$2.85 billion were down 12.6% on the previous year due to a drop in value.
Royal Tire to take over Midstates Tire
MINNESOTA-based Royal Tire has announced that it will acquire Midstates Tire and Retreading. The acquisition will include a 15,000-sq ft building, an additional 20 workers who will begin working under the Royal Tire group, and the only Bandag commercial tyre…
Bridgestone’s China plant to move to new site
BRIDGESTONE Corporation’s subsidiary in China, Bridgestone (Shenyang) Tire Co., Ltd. (Shenyang Plant) in Liaoning Province will be relocating to a 395,000 square metre site within the Shenyang Chemical Industry Park. Total investment for the relocation of the truck and bus…
China’s auto rubber hose market expands, says report
Demand has reached 387.03 million metres in 2011, valued at RMB14.514 billion; and capacity is expected to surge up to 487.41 million metres valued at RMB 18.278 billion by 2015.
Indian Rubber Board provides financial assistance to smallholders
Funds of up to Rs25 lakh will be extended to various groups in the smallholder sector.
Biesterfeld acquires Küttner
GERMANY-based Biesterfeld Plastic has acquired all shares of Küttner, thus allowing it to expand its business for thermoplastic elastomers, rubber and rubber chemicals. In 2010, Biesterfeld Plastic purchased the French trading house SMPC, a distributor of rubber and additives, and…