WITH images of the earthmover tyre shortages of 2007 still etched on the industry’s rear-view mirror, mine fleet operators and potential customers are again facing the prospect of ultra-large tyre scarcity down the road—and once again, at a time when…
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Improved flexion radials changing the AG tyre landscape
GREENVILLE, S.C. — Michelin North America, the pioneer of improved flexion (IF) technology for agricultural tires, showed top agricultural journalists attending the 2011 Agricultural Media Summit how IF radials help farmers reduce soil compaction, improve fuel economy, help the environment…
Sinergi Perdana to complete three acquisitions by year-end
PETALING JAYA – Sinergi Perdana Sdn Bhd, a government-initiated agricultural consortium, is on an acquisition trail and it plans to complete the takeover of two fertiliser companies and one rubber compound company before year-end. A source close to Sinergi Perdana…
Vietnam confronts rubber dilemma
Vietnam is a big name in the rubber industry. It is the world’s fourth largest exporter despite being a late entrant into the international market. But Vietnamese firms producing tires and needing latex for other production purposes are facing a…
Conti to expand, add radials to Indian tire plant
NEW DELHI, India — Continental A.G. plans to invest $71 million through 2013 in its newly acquired tire plant in Modipuram, India, to expand bias-ply truck tire capacity and add capacity for radial car and truck tires. The projects, announced…
Research to grow rubber in non-traditional areas begun
THE Rubber Research Institute had started research and experiments to see whether it was possible to cultivate rubber in Kilinochchi, Mullaitivu and Vavuniya Districts, Plantation Minister Mahinda Samarasinghe said in Parliament yesterday. Minister Samarasinghe said that there is a growing…
Tokyo futures ease on investor risk aversion
KEY Tokyo rubber futures were mostly lower, as investors remained cautious about taking risks and also before a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day for clues on the U.S. economy and monetary policy. Fundamentals…
Goodyear reports higher second quarter earnings on 24% sales growth
AKRON, Ohio– The Goodyear Tire & Rubber Company today reported record sales and higher earnings for the second quarter of 2011. “I’m very pleased with our outstanding second quarter results, which represent another step on the path toward our 2013…
Kumho tyre ordered to move China factory
KUMHO Tire’s Nanjing factory has received an order from the city’s Department of Environmental Protection to move to a new location, Economic Observer News reported on August 20th. The Korean tire maker is among 173 companies across China to receive…
Tyre industry left threadbare
IMPORTS now command the majority of the South African car tyre market, causing inevitable downsizing in the industry and the loss of thousands of jobs. But if the tyre industry wins a case currently before the Supreme Court, it could…