Chairman of Tata Motors Cyrus Mistry has said that the growth of the Indian automobile industry depends on the revival of the country’s mining sector. Addressing Tata Motors’ shareholders at the company’s 70th annual general meeting, Mr. Mistry said “India’s…
Category: Industry News
China Automotive Systems Reports 2015 Second Quarter Financial Results
China Automotive Systems, Inc. announced yesterday its unaudited financial results for the second quarter and six months ended June 30, 2015. China Automotive Systems, Inc. a leading power steering components and systems supplier in China. Second Quarter 2015 Highlights: Net sales were US$109.2…
Davis-Standard to promote elastomer extrusion technology during the International Elastomer Conference, Booth #224
Davis-Standard, LLC will promote the company’s full range of elastomer extrusion technology during the International Elastomer Conference at Booth #224, October 12-15 in Cleveland, Ohio. Davis-Standard will display its DSREV rubber extruder with a model 2000 crosshead and Uth rollex®…
Ultra-thin silicone rubber similar to bio-tissues developed by Harvard researchers
A team in Harvard comprising of polymer physicists and chemists have successfully developed Ultra-thin silicone rubber similar to bio-tissues Scicast reports: “This new rubber features tunable softness to match a variety of biological tissues, opening new opportunities in biomedical research…
Apollo Tyres sees 27% increase in net profit 27% in first quarter
The Board of Directors of Apollo Tyres Ltd approved the company’s unaudited results for the 1st quarter of the financial year 2015-16. Earlier in the day, at the 42nd Annual General Meeting, shareholders approved the annual dividend payout of 200%…
129,000 tyres by BFGoodrich Ties to be recalled
129,000 tyres in U.S., Canada and Mexico by BFGoodrich Tires will be recalled, the company announced. Approximately 104,000 of the recalled tyres were sold in the U.S. market. These tyres are primarily found on commercial light trucks, as well as…
900 job cuts expected on Nokian Tyres Finnish plant
900 job cuts expected on Nokian Tyres Finnish plant as the company negotiates amidst a economic slowdown. Nokian Tyres has downgraded its outlook for 2015 due to the weakened economic situation in Russia and CIS countries. Car tyre sales have…
First half of business year positive for Pirelli
Milan, Italy – The Board of Directors of Pirelli & C. SpA reviewed and approved results for the six months ended 30 June 2015. The results of the first half of 2015, which show growth of the key economic indicators,…
Grupo KUO secures antitrust authority in the EU
Grupo KUO, S.A.B. de C.V., has successfully secured the approval of the antitrust authority in the European Union. Grupo KUO will contribute to Dynasol, 50/50 joint venture with Repsol, its emulsion rubber and nitrile businesses located in Mexico and China,…
Timken Company buys Carlstar Belts
The Timken Company will purchase Carlstar Belts Business from American Industrial Partners. Carlstar Belts Business manufactures belts used in industrial, commercial and consumer applications under well-recognized brands including Carlisle, Ultimax and Panther, among others. The transaction is expected to be…