Bridgestone Corporation, the world’s largest tyre and rubber company, today announced a new Global Sustainable Procurement Policy to help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry. The policy…
Category: Industry News
Goodyear cuts 2020 forecast as raw material costs rise
Goodyear Tire & Rubber Co recently cut its 2020 forecast for combined earnings of its three units amid higher prices for raw materials, overshadowing better-than-expected quarterly profit and revenue. About two-thirds of Goodyear’s raw materials are oil-based derivatives and the…
Malaysia’s rubber industry shone in 2017 with export up 30.2 % to RM32.3 billion – minister
Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong said recently that Malaysia’s natural rubber and rubber-based products were the ‘stars’ in 2017, with export up 30.2 % to RM32.3 billion. He said the other commodities, such as…
More than 500,000 vehicles by Ford’s China joint venture to be recalled for brake-related issues
Ford Motor’s China joint venture will recall more than half a million vehicles due to brake-related issues. The recall, which will start from Feb. 25, is linked to issues with materials used for brake hoses that could affect braking distances,…
Daimler, Bosch to test self-driving cars soon
Daimler and automotive supplier Robert Bosch will start testing self-driving so-called robo-taxis in the next few months, its senior executives said. Mercedes-Benz owner Daimler and Bosch teamed up last year to develop self-driving cars in an alliance aimed at accelerating…
Fiat Chrysler to slash Mirafiori plant production by 60 % until July – union
Fiat Chrysler will cut working hours at its Mirafiori plant in Turin, Italy by almost 60 % until July, the FIOM union said The plant mainly produces the luxury Maserati Levante sport utility vehicle. FCA already halted production of the…
The global rubber market expected to grow at CAGR of 4.66% in 2017-2021
The global rubber market is expected to grow at a CAGR of 4.66% during the period 2017-2021. The latest trend gaining momentum in the market is bio-based tyres helping market growth. The tyres used in automotive vehicles are going to…
Global isobutene market demand to grow at rapid rate from 2018 to 2022 with help from the automotive sector
The global isobutene market is expected to grow at a CAGR of over 4% during the period 2018-2022, according to market research firm Technavio. The report categorizes the global isobutene market by application (automotive, aerospace, antioxidants, pharmaceuticals, and others) and product (methyl tert-butyl…
Top Glove looks out for more M&A opportunities as Ringgit becomes stronger
The strong ringgit is a boon to Top Glove Corporation Bhdas it serves as a natural hedging and allows the company to proceed with its plans to further expand its production lines, as well as to go for mergers and acquisitions…
UOB Kay Hian Malaysia Research advises investors to take profit on the rubber gloves sector
UOB Kay Hian Malaysia Research says now is the time for investors to take profit on the rubber gloves sector as it has had a good run and it is time to lock in profits. It said on Monday downside…