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Car sales in China up 22.6% YoY

Car sales in China rose 22.6%  in May from a year earlier, extending the double-digit gain made in the previous month, as new models premiered at April’s Beijing Autoshow started to hit the showrooms. In May a total of 1.28…

Rubber falls on excess supply, tepid demand

Natural rubber prices crashed last week on concerns of excess supply and lower demand. While a drop in global prices has made imports attractive despite rupee depreciation, tyre companies are worried over the sluggish demand in the automobile sector. INDIA –…

Pirelli to Invest US$300 Million in Mexico

Pirelli inaugurated a new factory in Mexico, in Silao, in the state of Guanajuato. The new plant, Pirelli’s first in Mexico and the 22nd tire plant worldwide, is mainly focused on the premium segment, producing high performance and ultra-high performance…

Nexen’s Changnyeong plant on stream

Nexen Tire Corp announced that its factory in Changnyeong, South Korea is now on stream. The light tyre factory, Nexen’s second in Korea and third overall, will produce 3 million consumer tyres in 2012. Next year, the company will double…

Apollo opens component prep unit in South Africa

Apollo Tyres announced that it has opened a new state-of-the-art Component Preparation Unit at its Ladysmith tyre manufacturing facility in South Africa. The 6,500 sqm unit has the potential for further expansion to facilitate future growth. The US$35 million investment…