The Indian tyre industry has been witnessing tremendous growth for the past few years on account of growth in automobiles demand, especially in passenger vehicles and two-wheeler segments. In fact, availability of raw material (natural rubber) and ultramodern production facilities…
Category: Industry News
Acquisition of Leeser by Semperit finalised
Semperit A.G. Holding has completed the acquisition of rubber seal manufacturer Lesser GmbH & Co. K.G. to strengthen the firm’s Semperform business. Antitrust authorities approved the deal April 29. Together, Semperform and Lesser give the operation a future-oriented portfolio in…
Rubber bounces back
After cooling off for more than a year, natural rubber prices are showing some signs of life. Prices at the Kottayam and Kochi markets in Kerala, the largest rubber producing State in the country, have firmed up to ?125-135 a…
Delphi Automotive PLC Shares Gap Up
Delphi Automotive PLC shares gapped up before the market opened on Friday following a stronger than expected earnings report, AmericanBankingNews.com reports. The stock had previously closed at US$82.99, but opened at US$83.00. Delphi Automotive PLC shares last traded at US$83.63, with a…
Goodyear Tire & Rubber Co Price target boosts to US$31.00 (GT)
Goodyear Tire & Rubber Co had its price objective set by Deutsche Bank from US$28.00 to US$31.00 in a report released on Thursday. Deutsche Bank currently has a hold rating on the stock. A number of other analysts have also…
Price of Indian rubber hiked up 25 %
In a bid to protect local rubber growers, the Indian government has hiked up the price of rubber by 25 %. India’s rubber imports touched an all-time high of 4.15 lakh tonnes in 2014-15 owing to lower international prices and…
Continental launches 19.5-inch tyres for city buses
Tyre manufacturer Continental has added a 19.5-inch tyre to its range of urban bus tyres, which promises an increased service life of up to 20%. The Conti Urban HA3 265/70 R19.5 all-axle tyre has been designed for use on medium-sized…
Ecopia tyres by Bridgestone reaches 10 million mark
More than 10 million original equipment and replacement market Ecopia tyres have been sold in the Asia Pacific region since the brand was first launched there in 2009, reports Bridgestone Asia Pacific Pte. Ltd. When Ecopia was first introduced, just…
Goodyear Tire & Rubber (GT) stock climbs
Shares of Goodyear Tire & Rubber (GT – Get Report) are higher by 5.82% to US$28.73 in mid-morning trading on Wednesday, after the tire manufacturer reported its earnings results for the 2015 first quarter, which came in above what analysts were anticipating for the period.…
Veteran tyre boss Francois Michelin dies
Francois Michelin, who led France’s famed tyre company for nearly half a century, died at the age of 88, the group said on Wednesday. “We have learned today with deep emotion that Mr Francois Michelin has passed away,” a Michelin…