Summary Recent results were impressive. Major tailwinds remain intact. New store growth continues. I turn bullish on the stock. Earnings Review Recently, O’Reilly Automotive released Q1 FY15 operating results. Overall results were impressive to say the least, as the company exceeded…
Category: Industry News
Osram to focus on automotives
Germany’s Osram (OSRn.DE) plans to transfer its 2 billion euro (US$2.5 billion) general lamps business into an independent legal structure, paving the way for a possible spin-off or sale and allowing it to focus on automotive lighting and components. The…
Dow Corning Silicone increases competitiveness of solar energy
Global leader in silicon-based solutions Dow Corning will present its state-of-the-art solar solutions during the 9th International Photovoltaic Conference and Expo at booth W4-523 at the Shanghai New International Expo Center in China, from April 28 to 30. Committed to…
Solvay to construct silica plant in South Korea; 800 ktonnes
Brussels-headquartered Solvay today launched the construction of its Highly Dispersible Silica (HDS) production plant in Gunsan, South Korea, to address growing demand in Asia for energy saving tyres and to develop innovative HDS grades. In the presence of the Head…
Chinese dumping hurting Indian tyre makers
With the US imposing anti-dumping duty on Chinese tyres, imports of such tyres into India has surged over the past several months, adding to pressure on Indian tyre makers. At a basic custom duty of just 10%, Chinese tyres have…
Introducing guayule
Guayule is an little-known desert shrub, largely unremarkable except for one thing: It’s full of latex. That’s right, the stuff used to make rubber. Big tyre manufacturers like Bridgestone are now betting on guayule as the next big thing. But…
Tokyo futures rise in thin trade as oil prices climb
Benchmark TOCOM rubber futures inched up on Monday, helped by higher oil and metals prices at the end of last week, but trade was thin as investors looked for clues on the economic outlook in top buyer China and plans…
India’s rubber import reaches all-time high
India’s rubber imports touched an all-time high of 415,000 tonnes in 2014-15 owing to lower international prices and fall in domestic production. In the previous fiscal 2013-14, the rubber imports stood at 360,000 tonnes, which was also the highest ever…
Tyremakers oppose demand to hike import duty
Rubber consuming industries have opposed any move to raise import duties on natural rubber and contested Kerala Finance Minister KM Mani’s figures on production-consumption gap. Gap much higher The industries say that the gap between domestic production and consumption of…
Dow Corning Receives Pinnacle Award from Delphi
Dow Corning today received the 2014 Pinnacle Award from Delphi Automotive PLC – its most prestigious supplier honor – during its Global Supplier Conference & Pinnacle Awards event in Shanghai, China. The award recognized Dow Corning for its contribution to Delphi’s Excellence…