German auto parts maker Continental AG said Wednesday it plans to more than double investment in its tyre factory in Hefei, China, over the next few years, in a move to expand manufacturing capacity for both passenger car and bicycle…
Category: Industry News
German team smashes tyre changing Guinness World Record
How quickly can you change a tyre? Five minutes? Ten? You ain’t nothin’. This German team of four mechanics just obliterated the Guinness World Record for fastest wheel change, swapping all four wheels on a Ford Focus hatchback in less…
TOCOM up for 5th session to fresh 14-month high on Shanghai gains
Benchmark Tokyo rubber futures climbed for a fifth straight session to a fresh 14-month high on Monday, helped by firmer Shanghai futures and a weak yen against the dollar. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber…
MotoGP Italy: Front tyre woe for factory stars in Michelin test
The factory Honda, Yamaha and Ducati teams conducted the latest Michelin tyre test at Mugello in Italy on Monday ahead of the French manufacturer’s introduction as the sole MotoGP tyre supplier from 2016. Movistar Yamaha’s Jorge Lorenzo and Valentino Rossi,…
Automotive sales to hit $89m, buoyed by internet growth
Driven by the unprecedented growth in internet and mobile penetration, global automotive sales for 2015 is expected to reach close to $89 million, a 2.4 % growth from 2014, with an emerging market share rising from 50 % in 2012…
Polymer distributors delivering in a challenging market
AMI Consulting, a division of Applied Market Information Ltd., has just published a new report on the latest developments in the polymer distribution market in Europe. In 2014, more than 12% of polymer consumed in Europe was sold via distribution…
Nitrile Butadiene Rubber (NBR) Market To 2020 – Grand View Research
Global nitrile butadiene rubber (NBR)market is expected to reach USD 2.68 billion by 2020, according to a new study by Grand View Research, Inc. Increasing use of NBR in the manufacture of automotive parts including dash boards and brake liners…
Natural Rubber Floods the State Through Kochi
Even after the Central Government hiked the import duty on natural rubber from time to time, the import of natural rubber through the port in the state has registered a record jump in terms of volume. Among the ports in the…
‘Surge in tyre imports hurting domestic industry’
A surge in import of tyres, even as the auto sector is coming out of a protracted slump, has put the domestic tyre industry in a tight spot, the Automotive Tyre Manufacturers Association (ATMA) has said. ATMA, in a communication…
O’Reilly Automotive, Inc. Announces Additional US$500 Million Share Repurchase Authorization
O’Reilly Automotive, Inc. a leading retailer in the automotive aftermarket industry, today announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional US$500 million, raising the aggregate authorization…