German automotive manufacturer and technology company Continental has joined the BMW Group, Intel and Mobileye autonomous driving partnership as a development partner and system integrator. The goal of the partnership is to establish a new cooperation model for highly and…
Category: Industry News
Dunlop Aircraft Tyres acquired by Liberty Hall for US$135 mn
Dunlop Aircraft Tyres Ltd., a leading independent global designer, manufacturer and retreader of aircraft tyres, has been acquired by private equity firm Libery Hall Capital Partners, which is focused exclusively on investments in businesses serving the global aerospace and defense…
Michelin to acquire US telematics provider NexTraq
Tyre manufacturer Michelin announced its plans to acquire US-based commercial fleet telematics provider NexTraq, which is a subsidiary of FleetCor Technologies, Inc., a leading global provider of fuel cards and workforce payment products. NexTraq provides solutions for driver safety, fuel…
Rising demand for OEM, high-performance tyres to boost SBR market growth
A significant increase in demand for original equipment (OEM) tyres from the automobile industry as well as a shift in consumer preference for high-performance tyres are expected to have positive impact on the growth of the global styrene butadiene rubber…
Recent rubber price slump doesn’t worry Indonesia
Indonesia’s rubber industry body, Indonesian Rubber Association (Gapkindo), said they are not worried about the recent decline in rubber prices as market fundamentals remain strong. Moenarji Soedargo, Gapkindo chairman, made the comment in the wake of a weekend meeting of…
Toyota, US Ski & Snowboard Teams partner for Olympic Winter Games 2018
Toyota was named as the official automotive and mobility partner of the US Ski & Snowboard Teams by US Ski & Snowboard, uniting the world’s top automaker and America’s best winter athletes to succeed at the impending Olympic Winter Games.…
Avon Tyres expands Castle Combe Circuit sponsorship
Avon Tyres is expanding its relationship with Castle Combe Circuit, the company’s local race track in Wiltshire in South West England. This means there will be more visible branding, banners and flags, and that all suitable track support vehicles will…
Smithers Rapra breaks ground in Ravenna, Ohio tyre testing facility expansion
Smithers Rapra – an independent, third-party laboratory known for its rubber, plastic and composite expertise – has broken ground on the site of a new building expansion in its Ravenna tyre testing facility in Ohio, US. The 10,000-sq ft building…
ATMA: High-quality natural rubber essential in tyre manufacturing
National tyre industry body Automotive Tyre Manufacturers’ Association (ATMA), which represents 11 large tyre companies in India accounting for over 90% of tyre production, emphasised the increasing importance of maintaining the high quality of natural rubber as a raw material…
Top Glove’s 2017 Q3 net profit up 24.4% to RM 77.7 mn
Malaysian rubber glove manufacturer Top Glove’s 2017 Q3 net profit jumped 24.4% to reach RM77.7 million from RM62.45million in the same quarter last year. The glove manufacturer saw its revenue rose 29.3% to RM869.6millionyear-on-year while pre-tax profit came in at…