Deal activity picked up this week in the physical rubber markets as a dip in prices after recent sharp gains attracted back buyers, with global tyre makers snapping up Indonesian grade. The Tokyo Commodity Exchange rubber contract has lost 0.3…
Category: Industry News
Rubber prices bounce back as late rains, rising temperature hit output
Delayed monsoon and sharp increase in atmospheric temperature have affected the production natural rubber in most of the growing areas in Kerala. This led to a shortage of the commodity, as tapping had been stuck in major chunk of plantations.…
Company Shares of The Goodyear Tire & Rubber Company Drops by -1.66%
The Goodyear Tire & Rubber Company (NASDAQ:GT) has dropped 1.66% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 6.41% in the last 4 weeks. The counter has underperformed the…
Revenue to grow at 5% in domestic tyre mkt in FY16: CEAT
In a CEAT analyst meet, the company said it is expecting better growth in the domestic tyre industry this year as against last year. This year its target is to grow five percent as against two to three percent last…
Kumho unveils two tyre lines
Kumho Tire U.S.A. Inc. is rolling out the Road Venture AT51 light truck/SUV and Solus TA11 all-season passenger tyres that were previewed at the company’s 2014/15 dealer meeting in December. Both new products began shipping June 1. The Road Venture…
Thai govt will chop down 60% of the rubber trees in illegal plantations
The government will chop down 60 % of the rubber trees in illegal plantations wrestled back from encroachers and leave the rest intact to be harvested by poor rubber tappers who used to work for the rich encroachers, said Maj-Gen…
Yokohama Tire to sponsor LPGA Classic in Prattville
For the second consecutive year, the Yokohama Tire Corporation (YTC) is teaming up with the Robert Trent Jones (RTJ) Golf Trail and the Ladies Professional Golf Association (LPGA) to host the Yokohama Tire LPGA Classic. The 2015 tournament will be…
Recycling of tyres poses health risk in village
Thousands of people in the central Quang Ngai Province’s Hoa Binh Village earn money by recycling used tyres, regardless of the environment pollution and health risks. In the village in Nghia Hoa Commune, used tyres are seen lying everywhere, in…
Goodyear, SRI Reach Agreement to Dissolve Global Alliance
– Transaction accretive to adjusted net income beginning in 2016 – No impact to 2015, 2016 financial targets or capital allocation plan The Goodyear Tyre & Rubber Company announced today that it has reached agreement with Sumitomo Rubber Industries, Ltd.…
Strong sales could shift Ford, GM to higher gear
Investors are closely awaiting next week’s May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector – among the cheapest in the market – putting the sting of product recalls…