The first quarter of 2015 generated a mixed bag of results in sales and earnings for tyre makers. Continental A.G., Goodyear, Pirelli & C. S.p.A. and Yokohama Rubber Co. Ltd. reported jumps in earnings during the period ended March 31,…
Category: Industry News
Vietnam rubber market sees surge in exports
Exports of natural rubber have increased significantly according to the Ministry of Agriculture and Rural Development. In the first four months of 2015, the export volume for natural rubber hit 259,000 tonnes, up by 37.7 % compared to the same…
Malaysian rubber market ends higher
The Malaysian rubber market closed higher today, supported by the crude oil price increase and positive sentiment from the Tokyo Commodity Exchange (Tocom) futures market. “Oil prices jumped more than two % on Thursday and boosted optimism that a supply…
Pirelli sees rise in net income
Pirelli & C. S.p.A. reported increased operating and net income for the quarter that ended March 31 on 6.5 % higher sales, with the consumer business outperforming the commercial business. Operating earnings rose 4.5 % to US$236.9 million while net…
Repsol and Grupo Kuo expand their current joint venture
Repsol and the Mexican company, Grupo Kuo, reached an agreement to extend their current joint venture, Dynasol, which will become a leading player in the synthetic rubber market. It will be among the world’s top 10 companies in that sector.…
JyTech expanding TPV compounding in N.A.
JyTech Polymers Inc. plans to install a custom compounding line for thermoplastic vulcanizates at Buckeye Polymers’ plant in Lodi, Ohio. The line will use Buckeye’s post-consumer polypropylene, a feedstock that “has properties and stability similar to virgin material and has…
Continental buys Elektrobit’s automotive division
Continental AG has bought Elektrobit Oyj’s automotive division for 600 million euros (US$677.5 million) to meet growing demand for electronics and safety technology. The greater use of electronics and software in vehicles, and the ability of cars to connect to…
Formula One opens tyre tender for 2017-19
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…
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…