Category: Industry News

Rubber market loses momentum amid weak demand

The International Rubber Study Group (IRSG) has released its Rubber Statistical Bulletin for Q1 2026, covering full-year 2025 data. The report highlights a year of marginal growth in global rubber production alongside subdued demand conditions shaped by persistent geopolitical and trade…

Pirelli invests in Univrses; to apply AI tech in tyres

Italy’s Pirelli and Swedish company Univrses have signed an agreement that provides for the integration into the Pirelli Cyber Tyre system of AI?based computer vision technologies. Under the agreement, through which Pirelli has acquired a 30% stake in the Swedish company…

Manuli in jv to manufacture hoses in India

Italian manufacturer of high-pressure hoses Manuli Ryco has entered into a jv arrangement with Labha Global (formerly Labha Automobiles), an Indian investor, with headquarters in Hyderabad, India, whereby Manuli Ryco will now own 51% of the share capital of Mithra Fluidtrans Pvt Ltd, an Indian manufacturer of hydraulic…

Pirelli to take mitigating steps in view of Middle East war

The Middle East war has seen various manufacturers affected. Italian tyre maker Pirelli is one of these companies. It has activated a “mitigation plan” to limit the ?effects of the ongoing Middle East crisis, ?which includes price increases and additional cost cuts. Though…