Leaders of the United Auto Workers union and Ford Motor Co (F.N) started talks on a new labor contract on Thursday, with the specter of jobs fleeing to Mexico hanging over the proceedings. Earlier this month, Ford announced that it…
Category: Industry News
EU approves Czech state aid to build Nexen tyre factory
European state aid regulators approved almost 117 million euros (US$128.63 million) worth of regional investment aid to Nexen Tyre Corporation for the construction of a production plant in Zatec, Czech Republic. The aid granted from the Czech Republic promotes regional…
Rubber farmers face fresh crisis as latex prices spiral
Rubber farmers in Thiruvananthapuram are facing a fresh crisis with a steep fall in latex price. With the price of the commodity falling from Rs 152 per kilo to Rs 130 within three weeks, the inclusion of latex in the…
Synthetic Rubber Market is Expected to Reach USD 45,767.1 Million, Expanding at CAGR of 5.1% From 2015 to 2023: Transparency Market Research
Transparency Market Research has released a new market report titled “Synthetic Rubber Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.” According to the report, the global synthetic rubber market was valued at US$ 29,121.2…
German car makers close to clinching Nokia maps deal for US$2.74-3.29 billion: sources
Germany’s premium car makers are close to a deal to buy Nokia’s HERE map business for between 2.5 billion and 3 billion euros ($2.74 billion to $3.29 billion), but a final agreement hinges on the question of who owns the…
Rubber’s Potential Left Untapped
Cambodia’s rubber rush burned out quickly. High world rubber prices in 2011 encouraged investors to clear thousands of hectares for rubber plantations, but the price of natural rubber plummeted the following year and has bottomed out at around US$2,000 per…
Apollo Tyres launches tyre that promises to run for 1 lakh kms
Apollo Tyres % has launched a new tyre in Indian market that promises to run up to 1 lakh kms and beyond. Jointly developed at global R&D centres in Chennai and Netherlands, the tyre Amazer 4G Life is targetted at…
Crews tackle 200-tyre fire in Wolfscastle, Pembrokeshire
Firefighters spent almost three hours tackling a blaze involving 200 tyres in Pembrokeshire. Mid and West Wales Fire and Rescue Service was called to the fire behind a row of farm sheds in Sealyham, Wolfscastle. The alarm was raised just…
VW brand sales drop 8.6 % in June as demand weakens in China, Latam
Volkswagen’s (VOWG_p.DE) core division fell for an eighth time in nine months in June, as slowing momentum in China and slumping demand in Latin America outweighed gains in Europe. Deliveries at VW’s namesake brand, which accounts for 60 % of…
Asean can bring back shine to rubber
NATURAL rubber has lately been in the limelight for the wrong reason. Most of the recent publicity has been dominated by the not so good news of low rubber prices. The oversupply and poor demand situation, especially the China factor,…