JAPANESE rubber supplier Yokohama Rubber increased its net sales by 8.4% to 258.2 billion yen in the first six months, due to a surge in tyre business, led by strong sales in Japan’s replacement market. Its operating income declined 8.3%…
Category: Briefs
news briefs from PRA
Apollo sees whopping growth
INDIAN tyre maker Apollo Tyres’s consolidated revenues in the second quarter grew by a whopping 47% at Rs28.7 billion and for the first half of the year by 51% at Rs 56.9 billion. A large part of the growth in…
US company expands to Brazil
US-based Lehigh Technologies, manufacturer of sustainable, micronised rubber powders, has expanded to Brazil, based on the country’s establishment of tyre collection in 1999 and its legislation on dealing with scrap tyres, setting targets for collection and proper disposal for tyres…
Danish entrant in Sri Lankan tyre market
Danish company Starco has set up a tyre manufacturing plant in Sri Lanka. The new plant, which represents an initial capital investment of around EUR2 million, will specialise in the manufacture of solid rubber tyres, to be marketed worldwide under…