The Pep Boys, a US automotive aftermarket service and retail chain, decided that the proposal from Icahn Enterprises L.P. to acquire Pep Boys for US$15.50 per share in cash constitutes a “Superior Proposal” as defined in the Company’s agreement and…
Category: Industry News
Rubber moulding market for automotive worth US$40.5 bn by 2020
The rubber moulding market, in terms of value, is projected to grow at a CAGR of 5.20% from 2015 to 2020, to reach a market size of USD$40.5 Billion by 2020, according to a new report by Markets and Markets.…
Nexen Tire launches its first European TV commercial
Nexen Tire launched of its first TV commercial across Europe through Eurosport, Europe’s No.1 sports channel, in order to strengthen its presence in the European market. The 30-second commercial will air across 54 European countries for 6 months, from December…
Yujiro Kanahara named president of Nippon Goodyear
Nippon Goodyear appointed veteran tyre industry executive Yujiro Kanahara as president of the company. Kanahara joins Goodyear following a 36 year career with Bridgestone Corporation where he served in executive leadership roles in Japan and key markets around the world…
NN divests Delta Rubber Company
NN, Inc., a diversified industrial company, completed the divestiture of Delta Rubber. The terms of the transaction were not disclosed. Richard Holder, President and CEO commented, “As outlined in our strategic plan, we continue to focus on balancing our portfolio…
TRP acquires new moulding machine
TRP Sealing Systems has recently taken delivery of a new 400 ton Desma injection moulding machine for the production of high voltage silicone insulators The machine is equipped with an injection unit designed to handle paste silicone and is furnished…
Bridgestone CEO appointed Thailand Board of Investment advisor
Bridgestone’s CEO and Representative Board Member Concurrently Chairman of the Board Masaaki Tsuya has been appointed as Honorary Investment Advisor to the Thailand Board of Investment (BOI) in November. The Honorary Investment Advisor position was established with the purpose of…
Rubber Board India organizes training
The Rubber Board in India will organize a one-day training in modern rubber clones at Rubber Training Institute, Kottayam on December 11. The training is intended for persons from rubber plantation sector, farmers and nursery owners. The fee for training…
South African University opens rubber research centre
Nelson Mandela Metropolitan University in South Africa launched the Centre for Rubber Science and Technology at its South Campus last November 23. According to Dr. Percy Hlangothi, Director of the Centre: “Nelson Mandela Bay is home to the motor and…
Pirelli unveils calendar by photographer Annie Leibovitz
The 43rd edition of the Pirelli Calendar was created by one of the most celebrated American photographers and portraitists, Annie Leibovitz, who shot the work last July in her New York studio. Leibovitz is also the creator of the 2000…