A major fire on a tyre factory premises destroyed rubber waste and other materials at the open waste dump yard near Melur on Tuesday. Firemen from four fire stations fought for nearly nine hours to put out the flames. However,…
Category: Industry News
Rubber production drops 11% in April-May
Tyre and rubber industries have urged the Centre to take urgent measures to stem the slide in domestic natural rubber production, which has been on a downward spiral for more than two years now. The data for natural rubber production…
Honda’s U.S. auto finance arm to pay US$24 million over loan pricing problems
A U.S. auto finance arm of Honda Motor Co (7267.T) will pay US$24 million in restitution over allegations that its loan pricing practices caused minority customers to pay higher interest rates than white borrowers did, U.S. regulators said on Tuesday.…
GDT to build Tasmanian tyre recycling plant
Tasmanian trucking operators may soon have a new alternative for disposing old tyres with an US$8.5 million recycling plant to be constructed by Green Distillation Technologies (GDT) in the state. The Longford facility will operate continuously from its predicted launch…
Yagi Announces Debut of Lego Themed Silicone Building Brick & Minifigure Molds Set
Yagi, a nationwide provider of home & kitchen products, announced the debut of their new multi-use Lego-themed Silicone Building Brick & Minifigure Molds set. Whether it’s for a birthday party or simply for everyday fun in the kitchen, these molds…
U.S. safety agency probes airbag inflators from ARC Automotive
U.S. safety regulators said they were investigating airbag inflators made by ARC Automotive Inc for rupture, the second company to be probed for defective airbags after Japan’s Takata Corp. The ARC probe will cover airbags in about 420,000 Fiat Chrysler…
PE-backed Rocla Concrete Tire acquires KSA
Rocla Concrete Tie, Inc. (Rocla), the leading manufacturer of prestressed concrete railroad ties in North America, is very pleased to announce the acquisition of KSA Limited Partnership (KSA), a joint venture owned by Pittsburgh-based Koppers Inc., a wholly-owned subsidiary of…
Tyre recycling levy could cost 500 jobs, says industry group
An industry group is claiming that a new levy to pay for the recycling of used tyres could cost hundreds of jobs. The measure’s being brought in by Environment Minister Alan Kelly. But the Independent Tyre Wholesalers and Retailers Association…
Affin Hwang Research maintains Hold for Hartalega
Affin Hwang Capital Research is maintaining its Hold call for glove maker Hartalega and raised the target price to RM8.72. It said on Friday that after taking into account the group’s accelerated expansion plans, it raised its FY16-18E earnings by…
Rubber prices in India slip further despite govt intervention
The announcement of a rubber price stabilisation fund is yet to bring the desired cheer to plantations. The price of RSS-4 grade, which buoyed up to Rs 132 per kg from Rs 128 per kg initially, has slipped down this…