Toyota’s estimate sales expanded 22% to a record 9.7 million in 2012, the biggest gain since 2000.
Category: Briefs
news briefs from PRA
Rubber climbs to seven-month high on weak yen
Rubber prices have soared to the highest level since May as a weak Japanese currency boosted the appeal of yen-based contracts. Rubber for delivery in June, the most-active by volume, gained 1.6% to settle at 292.1 yen/kg (US$3,445 a tonne)…
Nokian to lay off workers in Finland
THE statutory negotiations at Nokian Tyres Finnish factory ended on 17 December 2012. Improving productivity and adjusting production will be executed mainly with temporary lay-offs; in addition 28 production workers and officials will be laid off permanently. The car tyre…
US drivers live dangerously with bald tyres
More than one in eight US vehicles has bald tyres, according to survey by the RMA, exposing drivers to road hazards since bald tyres cannot properly grip the road
Sinopec starts up Nd-Br plant
Sinopect Yanshan, subsidiary of Sinopec has just opened its new butadiene rubber plant with the capacity to produce 30,000 tonnes per year.
Tokyo rubber futures fall 3pc
Tokyo rubber futures continue to fall as China, the world’s biggest consumer of the commodity used to manufacture tyres continues to decrease its demands.
Govind Rubber to establish tyre and bicycle mfg. company in Gujarat
Govind Rubber Ltd. is setting up a new tyre and bicycle manufacturing firm in Dahej, Gurajat with a budget of Rs 750 crore.
Apollo Tyres plunges on cartelisation probe
SHARES of Apollo Tyres , India’s largest tyre manufacturer, tanked over 3.5% as CNBC-TV18 reported quoting sources that the Competition Commission of India (CCI) has been probing five big tyre companies for cartelisation. Sources say, competition panel decision on tyre…
Increase in the natural rubber production dismissed according to ANRPC
Natural rubber production that is expected to rise in 2012 is declined as Malaysia, Thailand and Indonesia cuts down old rubber trees, the export and the production to increase its price in the rubber industries.
Hangzhong Zhonge joins ITMA
China’s largest tyre maker Hangzhong Zhonge has joined ITMA, weeks after the tire labeling policy was pitched