Japanese tyre and rubber company Sumitomo Rubber Industries has announced its plans to acquire Britain’s second-largest car tyre distributor Micheldever Group in a deal worth around £215 million (US$266 million) as it aims to expand the sales of its Falkentyre…
Category: Industry News
GRI breaks ground in Sri Lanka site for new specialised tyre factory
Sri Lanka-based specialised tyre manufacturer Global Rubber Industries (GRI) recently held a ground-breaking and foundation-laying ceremony in the site of its newest specialised tyre factory in Badalgama, Sri Lanka. The factory will be focused on producing pneumatic tyres for agriculture,…
Sri Lanka’s Rigid Tyre Corp. to build US$75 mn tyre plant with Marangoni tech
Rigid Tyre Corporation (Pvt.) Ltd., backed by a Rs11.25 billion (approximately US$75 million) investment from UAE-based Sri Lankan businessman Nandana Lokuwithana, is building a new tyre plant in the Board of Investments (BOI) Industrial Zone in Wagawatta, Horana in Sri…
Malaysian rubber glove firms to be impacted by new foreign worker levy rule
Malaysia’s rubber glove firms and manufacturers are expected to take a hit in their earnings this year following a ruling that makes them fully accountable for their foreign workers’ levy. According to a CIMB Research report, a negative impact of…
AIRIA teams up with Tripura University for rubber tech education, research
The All India Rubber Industries Association (AIRIA), the largest not-for-profit non-government body serving India’s rubber industry and trade, is collaborating with Tripura University (TU) for the promotion of rubber technology programmes in the country. The two organisations will jointly facilitate…
Goodyear reveals UW, WMU mascot sculptures made from than 500 tyres
Goodyear Tire & Rubber Company, an American multinational tyre manufacturing company, has unveiled life-size sculptures of the team mascots of the University of Wisconsin (UW) and the Western Michigan University(WMU) in the US. The sculptures, made from over 500 Goodyear…
UNDP Resident Rep in Zambia urges restoration of rubber plantation
United Nations Development Programme (UNDP) Resident Representative in Zambia, Janet Rogan, is urging the government to restore the rubber plantation in the Zambian district of Nchelenge to help boost the economy and reduce poverty. Speaking after inspecting the rubber plantation…
Major Taiwanese tyre makers to hike prices as rubber costs increase
Major tyre makers in Taiwan have announced plans to increase prices by 8% to 12% next year as synthetic rubber and natural rubber prices also go up. In a Taiwan Stock Exchange filing, tyre manufacturer Federal Corporation said it would…
SRI Group to enhance US-based R&D, testing infrastructure in 2017
Japan-based global tyre and rubber company Sumitomo Rubber Industries, Ltd. is enhancing their research and development (R&D) as well as testing infrastructure in the US for the rapid development and timely launch of tyres for its customers in the North…
Nexen Tire signs deal with Pirelli subsidiary to boost Latin American presence
South Korean tyre manufacturer Nexen Tire has entered into a strategic partnership with Pirelli Latam Participacoes LTDA, the Brazil subsidiary of Italian multinational company Pirelli, in an effort to increase its presence and boost sales in the Latin American market.…