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…
Category: Industry News
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…
Lassa Tyres named official tyre partner of FC Barcelona
Lassa Tyres was named the official tyre partner of FC (Futbol Club) Barcelona for this season. The new season kits for indoor teams were also unveiled at the launch event last September 14. Lassa Tyres is owned by Brissa, Europe’s…
Indian automotive industry looking up
The Indian automotive industry is steadily growing, with an 11% growth in the last financial year. But Ramesh Suri, President, ACMA and Chairman said that further growth will depend on how the industry will handle its challenges. He spoke at…
Hankook Tire reaches wag agreement with workers
Hankook Tire management and workers reached a tentative agreement on workers’ monthly wages. The agreement was reached after workers voted on the latest proposal last September 6 to 8. According to Business Korea, in “the tentative agreement, the base pay…
Vibram and Hankook teamed for new shoes and tyres
Hankook Tire teamed up with footwear company Vibram to make futuristic concept tyres and shoes to be exhibited at the International Motor Show (IAA) in Frankfurt, Germany from Sept. 15 to 27. In total, five products are being unveiled. Hankook…
Malaysian rubber glove exports to grow by 20%
Rubber gloves will still be in demand, as the Malaysian Rubber Glove Manufacturers Association (Margma) predicts a 20% growth in exports to RM12.8 billion this year. “This year, rubber glove exports are expected to expand by 20% to RM12.8 billion,…