Many rubber growers in India are shifting to other crops because of the falling rubber prices. All Rubber Planters’ Association president Col N Sharath Bhandary said the government should increase the import duty on natural rubber to protect the local…
Category: Industry News
Bridgestone launches “Special Edition” all-terrain tyre
Bridgestone Americas launched a special edition of its Firestone pickup truck tyre. It features a sidewall design that will appeal to your inner hunter. The Firestone Destination A/T Special Edition is the first Bridgestone tyre to feature a distinctive, etched…
Sumitomo’s Falkien tyres will be Chrysler OE
Sumitomo Rubber Industries recently announced that their Falkien ZIEX ZE914 Ecorun high-performance tyre will be the original equipment (OE) on the new Chrysler 200. The tyre company said it started delivering the tyres to Fiat Chrysler plant to be used…
Kumho Tire closes office due to strike
South Korea’s second-largest tyre maker, Kumho Tire closes down its plants last Sunday because of the ongoing strike. Kumho shuts down its plants in Gwangju, Gokseong, South Jeolla Province and Pyeongtaek, Gyeonggi Province to secure the facilities from the union…
Falling rubber prices affecting Kerala banks
As rubber prices hit a six-year low of Rs111/kg, banks in Kerala are starting to take a hit. Banks like the South Indian Bank and Fedaral Bank witnessed a decrease in CASA (current account, savings account), in the central Kerala…
India puts anti-dumping policy of South Korean rubber imports
India’s Ministry of Finance imposed an anti-dumping policy for all acrylonitrile butadiene rubber (NBR) imports from South Korea. Anti-dumping policies put a penalty price on very low-priced imported products. Penalties are applied to increase their price and protect the local…
Criticisms against weak tyres forces FI to re-evaluate its tyre policy
F1 bosses are considering movin into another direction with its choice of tyre after facing a slew of weak tyres. But, following consistent criticisms by leading drivers of the tyres provided by Pirelli, bosses are to discuss whether F1 should…
Nitrile rubber imports from South Korea slapped with dumping duty
The Finance Ministry has announced that it has imposed anti-dumping duty on acrylonitrile butadiene rubber (NBR) imports from South Korea. NBR is primarily used where oil resistance, abrasion resistance and heat resistance applications are resolved. NBR is mostly used by…
Volkswagen’s management reshuffle may not improve company
Volkswagen is facing structural problems and industry experts have said that the company’s management reshuffle may fail to lead to a much needed boost. VW this week paved the way for Chief Executive Martin Winterkorn to serve two more years,…
Ferrari CEO refuses to budge before IPO
Ferrari Chief Executive Amedeo Felisa has refused to budge from his post before the company’s maker’s initial public offering (IPO) planned for later this year, “He (Felisa) will not leave before the IPO and the question of succession is one…