Michelin North America, Inc. filed a design patent infringement lawsuit on May 13 against Atturo Tire Corporation and Svizz-One Corporation Ltd. covering the Michelin Latitude tyretread design. The lawsuit was filed in the US District Court for the District of…
Category: Industry News
Apollo Tyres’ annual net profit up by 12% at Rs10.9bn
The audited financial results of Apollo Tyres Ltd for the 4th quarter (January to March) and the financial year 2015-16 has been approved by the company’s Board of Directors. The Board recommended a dividend payout of 200%, to be approved…
Indian rubber growers to increase tapping as prices recover
The past year saw a disastrous time for the natural rubber industry as prices plunged to a nine-year low. Now, as prices slowly improve, Indian rubber growers are getting ready to raise their tapping activity. But the Association of Natural…
Border Recapping facility in El Paso to provide Oliver retread products and Michelin-family tyres
Michelin Americas Truck Tires, a division of Michelin North America, Inc., announced the opening of the newest Oliver Rubber retread facility, Border Recapping, in El Paso, Texas on May 10. Border Recapping operates under the Border International umbrella of companies.…
Hankook, DTM extends partnership for another three years
DTM Promoters and copyright holder ITR, and tyre maker Hankook, have officially extended their existing and successful cooperation, active since 2011, for another three years.A corresponding contract was signed following the international DTM press conference for the opening of the…
India’s parliamentary panel calls for adequate rubber funds
The Parliamentary panel has raised concerns over the decline in natural rubber production in India and has called upon the Finance Ministry to allocate adequate funds to carry out re-plantations optimally. The Action Taken Report (ATR) on the rubber industry,…
China launches anti-dumping review on chloroprene rubber
China’s Ministry of Commerce (MOC), on May 10, started an anti-dumping review on chloroprene rubber imported from Japan, the United States, and the European Union. According to a statement on the MOC website, the review is aimed at investigating whether…
Vietnamese tyre market set to increase value at 6.9%
The Vietnamese tyre market’s estimated value is at US$852 million, according to theBao Viet Securities Company. They have also predicted that the compound annual growth rate (CAGR) would be 6.9% per annum in the 2013-2018 period. The removal of the…
Rubber price volatility, availability trends negatively impacts India’s MSMEs
The manufacturers of rubber products in India’s micro, small and medium enterprises (MSME) sector are concerned at sharp volatility in the prices of natural rubber and its shortage in the domestic market. In Punjab alone, there are over 300 functional…
OTR tyre market to grow at 8% CAGR, according to report
The global OTR tyre market is projected to grow at a compound annual growth rate (CAGR) of 8% during 2016-2021, according toglobal market research firm TechSci Research report, “Global OTR Tire Market By Vehicle Type, By Demand Category, By Region,…