The imposition of the counter-veiling duty (CVD) on tyres from China has led Chinese tyre manufacturers to route their products through Thailand, which subsequently increased imports in the Indian market. According to Rajiv Budhraja, Director General of the Automotive Tyre…
American Goodyear Tire & Rubber (Goodyear) is closely following a plan to restructure its operations to reduce low-value/high-cost capacity in the US and bring about improved business competitiveness, similar to a reorganisation program in Germany that is expected to generate…
Japanese tyre manufacturer Toyo Tires (Toyo) is to build its first European research and development (R&D) centre in Willich, Germany, by the end of the year to strengthen product development, which goes in hand with next-generation mobility. The new centre…
The Asahi Kasei Corporation (Asahi Kasei) has begun operations from Asahi Kasei Asia Pacific (AKAP), its newly-formed ASEAN regional headquarters, as of August 2019. The Japanese chemical giant currently has 16 entities across five ASEAN countries – including Singapore and…
South Korean tyre manufacturer Nexen Tire (Nexen) is making headway into the European market with the official opening of its new plant in Zatec, Czech Republic, come August 28, 2019. The ceremony will commemorate the next stage of Nexen’s global…
Singapore-headquartered International Rubber Study Group (IRSG) and the Global Platform for Sustainable Natural Rubber (GPSNR) have signed a memorandum of understanding (MoU) with the aim of consolidating, developing and detailing the cooperation between the two organisations. It will also contribute…
With the approaching fifth anniversary of the merger of quality assurance system supplier BST and eltromat, Germany-based BST eltromat International is set to expand its facilities. The company has acquired a 22,000 sq m plot of land in Bielefeld-Altenhagen, Germany,…
Specialty tyre manufacturer GRI is to open a new mixing plant in the Mirigama Export Processing Zone (MEPZ), Sri Lanka, to support its future expansion and simultaneously enhance the nation’s exports. GRI’s Managing Director, Prabhash Subasinghe, said that the new…
Rubber’s diverse application, ranging from automotive parts and tyres to rubber gloves and chewing gum makes it an indispensable material in modern society. Demand for the two main rubber types, latex -derived natural rubber and chemicals-synthesised synthetic rubber are driving…
French tyre-maker Michelin’s profitability suffered in early 2019 despite its first-half revenue and operating earnings – net income fell 8% to US$940 million; operating margin fell to 12.2% from 12.5%; and sales of the car/light-truck tyres fell by 7.9%, further…