Increasing competition in the Asian region is posing a threat to the earnings of tyre manufacturer Michelin, pulling its shares down. “We’re encountering pressure on prices, especially in markets like China and Southeast Asian markets where the Chinese export,” Chief…
Category: Industry News
Saudi Arabia to see new tyre regulations
The Saudi Standards, Metrology and Quality Organisation has announced that new tyre regulations will come into effect in November in Saudi Arabia in November this year, There are six classifications to this effect: excellent, very good, good, average, bad and…
India prepares double strategy for trade deal
India has prepared a double strategy ahead of talks under the Regional Comprehensive Economic Partnership (RCEP) which is expected to take place on August 24-26 in Nay Pyi Taw, Myanmar. The RCEP is seen as an answer to the US-led…
Bridgestone regarded most reliable tyre brand in New Zealand
A poll by Reader’s Digest has shown that when it comes to tyre brands, New Zealanders trust Bridgestone the most. Bridgestone-owned tyre brand Firestone was awarded most trusted in New Zealand, while Bridgestone was named among the country’s Highly Commended…
Volvo Prai dealership launched in northern Malaysia
THE NEWLY upgraded Volvo Prai dealership was launched in the northern region. It was kicked-off by the Ambassador of Sweden to Malaysia, Bengt Carlsson. The upgrading of Volvo’s Prai dealership is part of the Swedish giant’s RM75mil investment and strategic…
AmResearch reiterates Buy call on Kossan Rubber
AmResearch has reiterated its Buy call on Kossan Rubber. The fair value is at RM8.40 a share. This is to reflect a PE target of 27 times, which is on par with Hartalega Holdings’ PE given its comparable operational and…
Commodity prices will be stabilised: Malaysian ministry
A discussion with the private sector and other stakeholders will be called by The Ministry of Plantation Industries and Commodities to stabilise comoddities. The meetings will be held in August. “It is a proactive measure to ensure commodity prices not…
Polyurethane Rubber market in China expected to grow further
The Polyurethane Rubber market is a large one in China, and experts have predicted that it will see a sharp growth in the next decade or so. The market sees a high speed growth propelled by import and export, high…
Motor1.com launched
A motor review website called Motor1.com has just been launched on Wednesday by Motorsport.com. “We have shown tremendous strength in our online digital presence producing over 10 editions in multiple languages with Motorsport.com,” said Filippo Salza, president of Motor1.com. “Today’s…
Michelin enjoys 8.9 % rise in first-half earnings
Weak euro helped propel Michelin & Cie.’s first-half earnings by 8.9 %. The tyre-maker also saw volume rose. Operating profit before one-time gains or costs increased to 1.26 billion euros ($1.4 billion) from 1.16 billion euros a year earlier, the…