Nexen Tire Corp. plans to break ground on its US$1.1 billion tire plant in Žatec, Czech Republic on October 1. The South Korean tire maker disclosed the details about the plant in the IAA Frankfurt Motor Show. The plant should…
Category: Industry News
Tyre prices should be lower, said Kuala Lumpur agency
Despite the falling prices of rubber, tyre prices remain unaffected. That is why the Kuala Lumpur Consumers Safety Association (PKP) urges manufacturers, distributors and dealers of tyres and petroleum related products. PKP therefore urged the Ministry of Domestic Trade, Cooperatives…
Trinseo closes latex plant to cut costs
Trinseo, a manufacturer of plastics, latex, and rubber, has announced plans to close its styrene butadiene latex plant in Gales Ferry, Connecticut, due to continuing declines in the coated paper industry in North America, and as part of a program…
Kumho Tire union suspends strike to elect new leader
The unionized workers of Kumho Tire Co suspended its ongoing strike to elect a new union leader. The labor union said the strike was suspended to prepare for the election process as the current leader’s term expires on Sept. 30,…
Michelin presents awards to six outstanding suppliers
Michelin awards six of its outstanding suppliers in its annual Suppliers Awards. Michelin says it believes that the quality of the relationships it enjoys with its suppliers is a key to success given that the Group’s purchasing expenditure accounts for…
High demand for pneumatic tyres will continue
Pneumatic tires are in high demand in the automotive industry and will continue to be in high demand for the coming years, according to ReportLinker. Pneumatic tires are rubber tires filled with compressed air that enhances the tires loading capacity…
Silica market to be worth USD9.9bn by 2025
Revenues from special silica will jump from USD5.1 billion today to USD9.9 billion by 2025. Special silica will mostly be used to make “green” tyres. Future Market Insights (FMI) delivers key insights on the global specialty silica market in its…
Haze in South East Asia affects palm oil production
The haze hanging over the palm-growing regions in Malaysia and Indonesia are affecting the plant’s growth and may reduce oil production by 10 to 20%. Palm oil production may decline 10% to 20% in the affected areas, according to IJM…
Global demand for silicones to grow by 5.8%
The global demand for silicones is predicted to grow by 5.8% per year to USD19.6 billion in 2019, according to Report Buyer. Through 2019, strong growth in silicone consumption is expected in the construction market, where an improved outlook in…
Giti Tire appoints new managers in Spain
Giti Tire appoints two new business development managers for their truck and bus tyre business in Spain. Rosaura Maria Gonzalez Frade and Daniel Gonzalez Martin will strengthen the existing market and work closely with the fleet and local business partners…