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 –…
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Goodyear took full ownership of Nippon Giant Tire
Goodyear Tire & Rubber bought the majority stake in Nippon Giant Tire back in 1985, for an undisclosed sum. Now the company has acquired 100% ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan. Goodyear has purchased the…
Ford finetunes 5-year business outlook
The company is in the process of preparing a new plan that keeps track on the much less favourable external environment as well as new realities
Lanxess celebrates 40 years of production of EPDM rubber in Marl
The Lanxess Buna GmbH ethylene-propylene facility, constructed in 1972, today covers an area of 4,500 square metres at the Marl Chemical Park
Dow Hygiene & Medical Participates at ANEX 2012
Dow Chemical announced that it will be participating at ANEX 2012 (Asia Nonwovens Exhibition), which will be held from June 13 – 15 at Hall 10, Kintex II, Seoul, Korea. At this trade fair, Dow will showcase its diverse and…
Ajinomoto and Bridgestone to commercialise SR from biomass
Ajinomoto and Bridgestone announced a joint collaboration in developing synthetic rubber from bio-based isoprene, a new material produced using fermentation technology from biomass raw material. By 2013, the partners aim to commercialise this synthetic rubber for tyres. Addressing this challenge,…
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…
Amerityre reports low quarter results
Amerityre Corp.’s net loss for the quarter ended March 31 was 45% deeper than a year earlier despite 17.4% higher sales. Amerityre’s net loss — its 67th consecutive money-losing quarter — was US$218,128 on sales of US$1.01 million. Amerityre, a…