The Goodyear Tire & Rubber Company has recently approved the planned closure of Goodyear Dunlop Tires Germany GmbH’s tyre manufacturing facility in Philippsburg, Germany that produces passenger car and light truck tyres. The move is part of the company’s strategy…
Category: Industry News
Volkswagen to buy back cars in US$14.7 bn diesel emissions settlement deal
German automaker Volkswagen AG will start buying back its polluting cars starting mid-November this year as a US judge recently approved a US$14.7 billion deal arising from the company’s diesel emissions cheating scandal. US District Judge Charles Breyer in San…
Tyre sales in India largely driven by rising demand in two-wheeler segment
Two wheelers such as scooters and motorcycles continue to be the most popular personal transportation mode in India as the country’s large and young population fuel the demand for two-wheeler vehicles. According to GfK point of sales tracking, replacement tyres…
Trinseo expands S-SBR capacity to meet rising customer demands
As a direct response to the rising customer demand for Solution-Styrene Butadiene Rubber (S-SBR), a key component in increasing energy efficiency, safety and durability in performance tyres, Trinseo recently announced its plans to expand capacity for the critical technology in…
Toyoda Gosei’s optimised material technology helps rubber retain its shape
Toyoda Gosei Co., Ltd., a leading specialty manufacturer of rubber and plastic automotive parts and LEDs (light-emitting diodes), has established an award-winning material technology for rubber to help it readily regain its shape even after force has been applied for…
SABIC, ExxonMobil JV begins polybutadiene industrial rubber operations
The Al-Jubail Petrochemical Company (KEMYA) rubber plant,a joint venture between Saudi Basic Industries Corp. (SABIC) and ExxonMobil subsidiary Exxon Chemical Arabia, has recently started commercial operations at its polybutadiene industrial rubber part. SABIC, one of the world’s largest petrochemicals groups,…
Bridgestone set to increase aircraft radial tyre production at Kurume site
As a response to the expected strong medium-to-long term global demand for aircraft radial tyres (APR), Bridgestone Corporation is increasing the production capacity of its Kurume manufacturing plant in Japan. This production capacity increase will entail a total investment of…
Global exterior car accessories market to reach US$253bn by end of 2024
Owing to the rising trend of car customisation, the global exterior car accessories market is expected to grow at a healthy CAGR of 7.5% over the forecast period 2016-2024,reaching revenues of US$253.07 billion. The market is already projected to reach…
Top Glove ups production, expands marketto reach 10% sales growth target
Malaysia’s Top Glove, the world’s largest manufacturer of natural rubber gloves, has set a target of 10% year-on-year growth in sales volume for the 2017 financial year, despite its own warnings of a supply glut in the highly competitive industry.…
Orion Engineered Carbons transitions to specialty, technical rubber products
Global carbon black supplier Orion Engineered Carbons has converted a tyre-grade production line at its plant in Yeosu, South Korea to specialty and technical rubber products, impacting 20 kilo tonnes of carbon black. According to Jack Clem, Orion’s Chief Executive…