The presence of global auto components is absent in the Vietnam market, as the auto industry is said to still remain very small. More than 90% of the existing component suppliers in the country are foreign-invested companies, with the majority…
Category: Industry News
New Zealand’s Fletcher Building to use scrap tyres to fuel cement plant
Fletcher Building, an integrated manufacturer and distributor of world-leading building and construction products and services, has been given a NZ$13.6 million grant by the government of New Zealand towards new technology that will allow the company to use scrap tyres…
Vietnam’s local tyre manufacturers facing raw material shortage
Local tyre manufacturers in Vietnam are facing a shortage of rubber raw materials. Most of the imported rubber materials are TSR 10 and TSR 20, which are in huge demand by tyre companies but are only produced locally in small…
Concrete made using recycled tyres are more resilient, researchers say
A more resilient type of concrete has been developed by researchers at the University of British Columbia (UBC) in Canada using recycled tyres. The engineers say the tyres could be used for concrete structures like buildings, roads, dams and bridges…
Continental eyes new sales markets with Benecke-Hornschuch merger
German technology company Continental AG’s merger of Benecke-Kaliko and Hornschuch has created a strong corporate brand that will be used to tap into new sales markets for surface materials and to expand awareness in existing markets. “With this new image,…
Continental now system integrator of BMW, Intel and Mobileye partnership
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…
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…