Germany’s Continental AG aims to float part of its business on the stock exchange before the end of the year, German monthly Manager Magazin reported on Thursday, citing no sources. The automotive supplier said this month it was in talks…
Category: Industry News
Yokohama Rubber to expand tyre facility in India
The Yokohama Rubber Co., Ltd., will be expanding the Yokohama Group’s global production capacity for off-highway tyres by adding new facilities at ATC Tires Pvt. Ltd., the Indian tyre manufacturing and sales subsidiary of the Alliance Tire Group (ATG), which…
Evonik launches Ultrasil 7800 Gr to optimise production of green tyres for SUVs and all-season tyres
Green Tyres have proven particularly resource-efficient for cars, where Evonik’s Silica/Silane technology can achieve fuel savings of up to eight %. By developing Ultrasil 7800 Gr, a silica with a customized surface area that meets the extreme demands of SUV…
GM’s 2018 earnings outlook above market expectations
General Motors Co shares rose on recently after the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market. The 2018…
Continental not eyeing major takeover deals this year despite having US$6 billion to spend
German automotive supplier Continental has around EUR4 billion to EUR5 billion euros (up to US$6 billion) that they can spend, but is not eyeing big takeover deals this year, its chief executive said. The company has been seeking to beef…
Halcyon Agri set to become world’s largest producer of standard Indonesian rubber
Halcyon Agri Corporation Limited, one of the world’s largest natural rubber supply chain managers, has signed a conditional sale and purchase agreement in respect of the proposed acquisition of PT Sumber Djantin and PT Sumber Alam for S$105.3 million. Upon…
The expansion of rubber plantations in India threatens forest
Scientists are warning that the increasing number of rubber plantations across India’s north-eastern states may threaten the traditional rich diversity of the region’s forests as has happened across Southeast Asia. The researchers at the North Eastern Space Applications Centre (NESAC)…
Top Glove to Complete Aspion purchase in April
Top Glove Corporation Bhd’s RM1.37 billion acquisition of surgical glove producer Aspion Sdn Bhd shall be concluded in April 2018, said its Executive Chairman, Tan Sri Dr Lim Wee Chai. He said a circular and an extraordinary general meeting (EGM)…
Felda settlers told to give full support to improve institution
Malaysian politician Datuk Seri Mohamed Khaled Nordin urged Federal Land Development Authority (Felda) settlers to give their full support to bring the institution back its glory days. He said Felda had succeeded in proving that it was not a bankrupt…
Malaysia’s commodity crop export tops RM140 billion
Malaysia’s commodity crop exports for last year are expected to surpass RM140 billion as the average palm oil and rubber pricing was slightly higher than in 2016. “In the first 10 months of last year, we earned RM116.8 billion in…