Formula One has formally opened the tyre tender for a sole supplier to the series for three seasons from 2017, with interested parties invited to apply by June 17. Pirelli’s current contract expires at the end of 2016 but they…
Category: Industry News
China may buy Thai rubber at price above market value
Thailand hopes to finalise an agreement with China soon for the purchase of 200,000 tonnes of rubber at above-market prices to encourage price rises in the future and improve the incomes of Thai farmers. After leading a mission of Thai…
Nokian claims world first with AA-labelled winter SUV tyre
The introduction of the European tyre label in November 2012 resulted in murmurs from some tyre makers – most notably Nokian Tyres – about its unsuitability for appraising their winter ranges, and the Finnish manufacturer even went as far as…
LANXESS’ shares to rise sharply on tyre markets recovery, savings – UBS
German chemicals major LANXESS could see its shares jump sharply within 12 months on the back of a recovery in the tyre markets and the restructuring programme implemented by the company progressing well, investment bank UBS said on Thursday. The bank…
Michelin ready to return as Formula 1 tyre supplier
Michelin has made it clear it is ready to make a return to Formula 1 when the championship’s existing tyre contract comes to an end. The French tyre manufacturer was last involved in 2006, opting to depart at the end…
ANRPC members agree to price stabilization
Member nations of the Association of Natural Rubber Producing Countries (ANRPC) have vowed to renew their efforts to stabilize natural rubber (NR) prices during a ministerial-level meeting in Kuala Lumpur. “The ministers agreed that to stabilize NR prices at the…
Govt aims high in boosting domestic use
The government expects domestic absorption of natural rubber to climb to 40 percent in the next five years from 18 percent now as it plans to spur growth in the downstream industry. “At present the world price of rubber is…
Forum: New evidence demands action on fields using rubber tyres
How should the public react to new studies showing that carbon black nanoparticles in rubber tyres could be as dangerous as asbestos? These are the same rubber tyres that are shredded and placed in toddler playgrounds and synthetic turf fields.…
Cooper Standard Appoints Frisbie as Vice President of North American Operations
Cooper-Standard Holdings Inc, the parent Company of Cooper-Standard Automotive Inc. (“Cooper Standard”), today announced the appointment of Ronald A. Frisbie to vice president of North American operations effective May 4, 2015. In his new position, Frisbie will oversee the Company’s North…
Sri Lankan rubber needs modernization for survival
The Sri Lankan rubber industry is currently in crisis with the NR (natural rubber) process at critically low (Figure 1). The only answer is modernization of the industry. NR industry NR today accounts for something like a third of the…