Due to the sluggish market in China, Hyundai Motor has slashed the price of its two SUV’s by nearly 12 %. The South Korean automaker’s shipments in China fell 14 percent in the second quarter, leading it to pledge further…
Category: Industry News
Toyota hampered by slow growth in China
Toyota Motor Corp is facing slow growth in China. It has been forced to cut prices in order to remain competitive. China auto sales fell each month in the quarter as economic growth crawls at its slowest pace in 25…
Import and export of rubber and timbre will have new standard
A new set of standards will be set for the import and export of timbre and rubber. The standard, to be announced by the Plantation Industries and Commodities Ministry by year-end includes plywood and SMR 20 rubber grade. Its Minister,…
Subsidy for Kerala rubber farmers approved
The Kerala government will be allocating 300 crores for farmers who will get up to 300 kg a month. The difference between the price published by the Rubber Board for RSS 4 and 150, will be the subsidy credited to…
ContiTech acquires sleeve and roller manufacturer TEGU
ContiTech has acquired the German sleeve and roller manufacturer TEGU Walzen und Sleeves GmbH based in Waltershausen. “With this strategic step, we are continuing to expand our product portfolio for print shops while simultaneously completing our existing product range in…
Demand for industrial rubber products to surpass US$24 billion in 2019
Demand for industrial rubber products is predicted to be up 3.4 % per annum to US$24.4 billion in 2019, caused by increased production of machinery and robust growth in nonresidential construction spending. A modest bump in motor vehicle production will…
Saudi Arabia Tyre Market Forecast and Opportunities
The passenger tyre market in Saudi Arabia is predicted to grow at a CAGR of over 13% during 2015-20. During 2010-14, passenger car tyre segment dominated the country’s tyre market, followed by the commercial vehicle tyre segment, and the same…
JK Tyre to venture into two-wheeler segment
To up it’s position in the tyre sector, JK tyre will venture into two- and three-wheeler segments. The company manufactures tyres for buses and trucks, among others. “We are looking to enter twowheeler and threewheeler segments. We are currently test…
Price of synthetic rubber to fall as crude oil price declines
Synthetic rubber is poised for a decline as crude oil price sets to decrease. Interestingly , in the last couple of years when the NR production plummeted, the SR output has grown in the country . The growth has been…
Polymer Enterprises hits the ground running in niche tyre market
In a factory in Pennsylvania, workers focus hard at work sweating over soft rubber and large vulcanization vessels. Human hands do the layering, though. The workers sweating over soft rubber and large vulcanization vessels in Polymer Enterprises Inc.’s Specialty Tires…