The tyre manufacturer for high-end carmakers and racing teams, Pirelli, announced a new strategic plan recently in which it would focus on margin growth over the next two years. The company expects its margin on adjusted earnings before interest and…
Category: Industry News
HF Group to launch new benchmark in tyre splice measuring
Germany-based HF TireTech Group (HF) will introduce its latest innovation in tyre production, the HF Q Guard, which enables precise splice measuring, quality control, and traceability in the production process – the company claims that the system ensures tyres are…
London, UK street “first” to have recycled tyres mixed into the asphalt
Old tyres have been used in the asphalt mix on Canrobert Street in London’s Bethnal Green area, laid by city council contractors at the end of January. The council has been working with UK supplier Tarmac, the company behind new…
India’s tyre industry worried over NR shortage; resorts to imports to ease demand
Concerns are growing over the continued shortage of natural rubber (NR) in India’s tyre industry, despite national Rubber Board estimates of 10% year-on-year increase in NR production. Already, industry insiders think rubber farmers are hoarding the commodity, as the flow…
Gloves Sector: A helping hand for Malaysian gloves growth
Scarcity and viral infections may bring out the best and the worst in situations, but for Malaysia’s glove sector, it is the catalyst to its continued growth, says Angelica Buan. When the Covid-19 (new coronavirus disease) epicentre, Wuhan in Hubei,…
MREPC predicts boom in rubber products exports in 2020
The Malaysian Rubber Export Promotion Council (MREPC) expects a positive growth of rubber products exports in 2020 due to the increased capacity and production from the COVID-19 outbreak as well as new investments in the dry rubber sector, including tyres,…
Ceat Tyres begins production at 6th Indian plant; considering women employment
Chennai, India-based tyre manufacturer Ceat Tyres (Ceat) has inaugurated production at its newest car/motorcycle tyre plant in Kanchipuram, marking Ceat’s first unit in the southern state of Tamil Nadu and its sixth in India. The “smart factory” will operate at…
Coronavirus outbreak hits Indonesian rubber prices; disrupts exports/imports from China
The coronavirus outbreak has severely impacted trade between Indonesia and China: the price of Indonesian rubber, a key export commodity, has dropped sharply in the last few weeks – from IDR 9,200/kilogramme to IDR 7,200/kilogramme. Prabumulih Agriculture Agency Head Syamsurizal…
Careplus partners with Ansell in MYR26.8m JV deal
Malaysian medical equipment manufacturer Careplus (M) Sdn Bhd (CMSB) will sell 50% of its rubber glove manufacturing unit to Australian-listed Ansell Services for MYR26.8 million under a joint venture deal. The agreement also comes with an option for Ansell to…
World Rubber Summit 2020 to be held in Abidjan
The start of the year 2020 has been eventful with the onslaught of the Coronavirus in China and globally, as well as an expected slowing global economy, against a 3% growth in 2019, the lowest since the financial crisis before…