Shares of Kesoram Industries flared up nearly 8 % in early trade Monday, defying the weak broad market sentiment, on reports the flaghsip company from the BK Birla Group is likely to sell Birla Tyres to JK Tyre for a…
Category: Industry News
Continental Announces Tyre Safety Recall of Approximately 3,800 tyres in U.S.
Continental today announced a voluntary recall program involving approximately 3,800 passenger vehicle tyres. The tyres involved in the recall are Continental ContiProContact P205/65 R15 95T XL, produced in February 2015 and sold in the replacement market only. The tyres may…
Court tosses Cooper Tire lawsuit over failed deal
A federal judge has dismissed a lawsuit filed by a group of Cooper Tire & Rubber Co. shareholders that alleged company officials had not been honest about the risks of a US$2.5 billion 2013 merger agreement that ultimately fell apart.…
Sarawakian smallholders suffering with low rubber price
The Opposition in Sarawak has warned that the rubber price, at average RM2 per kilo, is too low and the smallholders are suffering. The rubber price, it has estimated, should be at least RM4 per kilo. “To get a kilo…
Hyundai recalls 140,000 vehicles in North America over seat belt concerns
South Korea’s Hyundai Motor Co (005380.KS) is recalling about 140,000 Sonata mid-sized sedans in the United States and Canada due to potential defects in the front passenger seat belt buckle, the company said on Thursday. Hyundai said it is recalling…
Rubber plant pays $7k to settle after discharging oil and solids into Mill Creek
Owners of a Salt Lake City rubber plant have paid a fine after discharging too much oil into Mill Creek. Weir Minerals Rubber Engineering, a molded rubber manufacturer, agreed to pay the Utah Department of Environmental Quality (DEQ) $7,000 to…
Car dashboards that act like smart phones raise safety issues
When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. But are they really a good idea? Car companies answer with an emphatic yes.…
GM recalls Hummer models after fires burn three people
General Motors Co (GM.N) is recalling nearly 200,000 older model Hummer SUVs, mainly in the United States, to fix problems that have led to 42 vehicle fires and three people being burned, the company said on Wednesday. In a separate…
Rubber incentive scheme poised to take off; small growers relieved
After prolonged discussions, the rubber production incentive scheme is now at the implementation level. About 10 lakh small and marginal rubber growers will benefit from this scheme. “The subsidy under the scheme can be a support to the growers if…
OMNOVA Solutions Announces Price Increase For Styrene Butadiene Latex Products Sold into the Americas
In a continuing effort to build a more sustainable business, OMNOVA Solutions today announced a price increase of up to $0.05/wet lb. ($0.10/dry lb.) on all styrene butadiene latex products to all served markets in the Americas. This increase is effective August…