ContiTech, an international industrial and automotive supplier, increased its 2015 sales to around EUR5.4 billion that translates to a 37% growth for the company. In the beginning of 2015, ContiTech acquired Veyance Technologies Inc. which has contributed roughly EUR1.15 billion…
Category: Industry News
Tredagain introduces footwear line made from upcycled tyres
Tredagain, a sustainable footwear company based in Austin, Texas, presents its new line of fashionable, durable and high-quality shoes made with upcycled scrap tyres. They are the first footwear company to integrate APX® into their products. APX® is a 100%…
Michigan State House passes bill against black market for stolen tyres
Michigan state police in Walker, Grand Rapids and Kentwood are investigating the increasing theft of car parts, including tyres in the area, noting too of the rise in trade of these stolen parts. To fight this, legislation passed last week…
Asia SBR may rise as natural rubber prices continue to rise
Asia styrene butadiene rubber (SBR) prices may face upward pressure in May if the natural rubber (NR) and feedstock butadiene (BD) prices continue to rise, according to recent reports. May spot offers for non-oil grade 1502 SBR rose to S$1,480-1,530/tonne…
India’s Rubber Board appoints new chairman
AAjithkumar, 1994 IAS Cadre and secretary to the Kerala Governor, has been appointed as the new chair of the Rubber Board. The post of Rubber Board chairman has remained vacant for almost one and a half years even after the…
New self-healing and super stretchy elastomer could lead to artificial muscle
Stanford chemical engineering Professor ZhenanBao and one of her team members, Cheng-Hui Li, wanted to test the stretchiness and find the breaking point of a new elastomer that had just been synthesized. But the clamping machine typically used to measure…
Pirelli adds US$200 million to international investments in Mexico
Pirelli, an Italian tyre manufacturing company, strengthens their position in Mexico by adding US$200 million in their investments with a new factory. The announcement was made while Italian Prime Minister Matteo Renzi was visiting the President of Mexico Enrique Pena…
Toyota pioneers use of biosynthetic rubbers in engine hoses
Next month, Toyota will start using a newly-developed biosynthetic rubber product in their engine and drive system hoses. They will be the first car manufacturing company to use this new product called biohydrin rubber, which was jointly developed by Toyota,…
Ireland announces new fines and penalty points for defective tyres on the road
A new Fixed Charge Notice (FCN) offence for motorists driving with torn or defective tyres on the roads of Ireland took effect on April 17. This new regulation was announced by the Minister for Transport, Tourism and Sport, Paschal Donohoe…
JK Tyre completes Cavendish Industries acquisition
Indian tyre manufacturer JK Tyre and Industries announced on Monday that they have completed the acquisition of Cavendish Industries Ltd. (CIL) at an enterprise value of Rs 2,200 crore. JK Tyre announced in September 2015 the signing of an agreement…