Hankook Tire’s Laufenn brand to participate in Reifen 2016Laufenn, Hankook Tire’s new global brand, will participate in Reifen, the world’s leading trade fair for tyres in Essen, Germany from May 24 to 27. Following the participation in 2015 SEMA Show,…
Category: Industry News
Bridgestone sells its Venezuela subsidiary to the Corimon Group
Bridgestone Americas, a global tyre and rubber company based in Nashville, Tennessee, recently announced that it has reached an agreement to divest its business in Venezuela, Bridgestone Firestone Venezolana C.A. (BFVZ), to the Corimon Group. This divestiture follows a strategic…
TyreAWAREcampaign launched in Europe
On May 23, tyre manufacturers’ associations all across Europe launched the TyreAWARE campaign, a project that aims to raise awareness of best practices and procedures on tyre maintenance, storage and service life for dealers, authorities, and consumers. This project has…
GOPDC plans to invest US$50mn in rubber production and processing facility
The Ghana Oil Palm Development Company Limited (GOPDC) plans to diversify their operational strategies and include large-scale commercial rubber cultivation and processing. GOPDC manages Ghana’s largest oil palm plantation and is the country’s leading producer of crude palm oil. The…
Sri Lanka reducestax on raw rubber exports to increase prices
The Sri Lankan government agreed to cut the taxes on raw rubber exports from Rs15/kilo to Rs4, according to recent reports. This is an attempt to increase rubber prices by also increasing the competition between raw rubber exporters and domestic…
Graphene increases rubber’s strength and elasticity by up to 50%
Dr.AravindVijayaraghavan and Dr. Maria Iliut from the University ofManchester, UK have shown in an article they published that adding a very small amount of graphene, the world’s thinnest and strongest material, to rubber films can increase both their strength and…
Nexen Tire to exhibit its products at Reifen 2016 in Germany
Nexen Tire, a global tyre manufacturer headquartered in South Korea, announced that the company will participate and exhibit its products at Reifen 2016 in Essen, Germany from May 24 to 27. Reifen, the world’s leading tyre fair, has been held…
Dow Corning expands India operations with Solutions Building Centre
Dow Corning, a global leader in silicones, silicon-based technology and innovation, opens the SahayogBuilding Solutions Centre in New Delhi as it expands its operations in India. Dedicated to providing unrivalled technical support and customer service, specialists at this new Centre…
Semperit Group’s Q1 2016 earnings up by 22.2%
The publicly listed Semperit AG Holding, an internationally-oriented group that develops, produces, and sells highly specialised rubber products for the medical and industrial sectors in in more than 100 countries, displayed positive revenue and earnings development for the first quarter…
Automotive tyre market to hit US$374.22bn by 2024 – report
According to a new report by Grand View Research, Inc., the global automotive tyre market size is expected to reach US$374.22 billion by 2024. Increasing automotive sales especially in countries such as China, India, Japan, and South Korea is anticipated…