The Rubber Production Incentive (IPG) has been revised from September 1to benefit smallholders who amount to 300,388 individuals. . In a statement, the ministry said the 2015 Budget had allocated RM100 million for the IPG, which is triggered when the…
Category: Industry News
Michelin announces design competition winners
Michelin recently announced the 14 winners of its 2016 Michelin Challenge Design called “Mobility for All—Designing for the Next Frontier” A jury of automotive designers and industry experts chose from more than 875 automobile design entries from 68 countries. “The…
Goodyear launches ‘Throwback’ Tyres for NASCAR race
The Goodyear Tire & Rubber Company announced that it will release “throwback” race tyres for the NASCAR races at Darlington Raceway, South Carolina on September 5 and 6. Goodyear will replace their “Goodyear Eagle” logo on tyre sidewalls with the…
Pirelli analysis says track debris caused Vettel’s tyre failure at the Spa
Pirelli released the results of its technical analysis following the tyre failures of Nico Rosberg and Sebastian Vettel at the Belgian Grand Prix. Both racers were using Pirelli tyres when the incidents happened. Pirelli took the tyres used the practice…
Malaysia revises incentive for rubber tappers
Malaysia’s Rubber Production Incentive Scheme (IPG) is revised to ensure that 300,388 rubber smallholders will not fall below the poverty line if the rubber prices go low. The Ministry of Plantation Industries and Commodities allotted RM100mn for the IPG. In…
Watershed Council clean trash tyres along river
The 19th annual Source to Sea Cleanup will focus on clearing out tyre dumps along rivers. The event is a two-day volunteer cleanup on September 25 and 26. The event is organized by the Connecticut River Watershed Council’s (CRWC) and…
Goodyear Dunlop Tires Europe appoints new Managing Director
Goodyear Dunlop Tires Europe appointed Xavier Fraipont as its new Managing Director, Motorsport and Motocycle EMEA. Fraipont will replace Sanjay Khanna who is now Consumer Sales and Marketing Director for Emerging Markets. Fraipont will lead the unit which includes technology,…
Top Glove rise 23 sen on ringgit
Top Glove Corp Bhd rose as much as 3% to RM8.10, its highest so far today At 11:50am, the shares were traded at RM8.04 for a market capitalisation of RM4.97 billion. The fourth-largest gainer on Bursa Malaysia saw 759,400 shares…
Lanxess launches new mega plant in Singapore
Lanxess has launched its new 200 millio euro plant in Singapore. The plant is their biggest investment to date. The neodymium butadiene rubber facility, which produces synthetic rubber that can increase fuel efficiency and performance in tires, is the German…
GM optimistic that India business will be profitable in 5 years
General Motor is optimistic that its business in India will be profitable by the next 5 years. This is because they are cutting costs and moving towards producing their content locally. After two decades in India, GM’s sales are falling…