The Goodyear Tire & Rubber Company recently dissolved its global alliance with Sumitomo Rubber Industries, Ltd. The terms and conditions of the transaction are consistent with those outlined by Goodyear when the agreement was announced June 4 this year. “This…
Category: Industry News
Car Care Council gives 10 tips
The non-profit Car Care Council recommends 10 basic maintenance procedures to keep your vehicle operating at its best. Check all fluids, including engine oil, power steering, brake and transmission as well as windshield washer solvent and antifreeze/coolant. Check the hoses…
Thai Farmers ask for rubber price subsidy
Thai rubber farmers are asking for government subsidies to ensure process will stay at 60 baht per kilogram. Currently, rubber sheet prices in the country are only 40 to 43 baht/kg. Sunthorn Rakrong leads the farmers associations from 16 southern…
ChemChina buys 45mn Pirelli shares
China National Chemical Corp. (ChemChina) through Marco Polo Industrial Holding S.p.A. negotiated two deals with Pirelli to acquire more than 45 million shares from the tyre company. Marco Polo Industrial Holding is managed by ChemChina’s China National Tire & Rubber…
Semperit Group expands conveyor belt plant in Poland
The Semperit Group expands its conveyor belt production capacities in its site in Be?chatów, Poland. About EUR40 million was invested for the expansion. “We have established our position as a producer of high-quality conveyor belts and a solution provider with…
Marangoni upgrades Auto & Truck Tyres Johannesburg plant
Auto & Truck Tyres (A&TT), a South African suppliers of new and retreaded tyres , assigned the Marangoni Group’s to upgrade its plant in Wadeville, Johannesburg. The A&TT retreading plant produces a little under 1000 retreaded truck tyres a day,…
Chinese engineering firm builds rubber plant in Uzbekista
Chinese manufacturer and builder Poly Technologies Inc. recently held the groundbreaking ceremony for a rubber plant that the firm has been contracted to build in an Uzbek industrial zone. Following six years of negotiation and planning, Poly will provide Uzbekistan…
Sumitomo Rubber increases capacity in Thai facility
Sumitomo Rubber Industries will increase its production capacity by 9% at its tire plant in Rayong Province, Thailand. The Rayong site is one of the largest tyre production facilities in the world. The Japanese tyre maker will raise capacity. Capacity…
Zeon Corporation sets up in India
Zeon Corporation established Zeon India Private Limited in Gurgaon, in the Indian state of Haryana. The new company will begin operations on October 1. Hiroshi Mihara will serve as the Zeon India’s Managing Director Zeon India Private Limited was established…
Nokian Tyres cuts 122 employees
Negotiations concerning workers and staff in car tyre production and administration at Nokian Tyres’ Finnish factory ended last September 28. The company decided that adjustments to production capacity utilization as well as cost savings will be achieved by reducing 122…