The first agriculture tyre made from agricultural cultivated crops may be well underway as tests by Mitas will be underway. The goal is to have the first prototype of the dandelion tyre during 2015. Mitas is also involved in the…
Category: Industry News
Styrene butadiene rubber market in Asia-Pacific to reach nearly $8 bn by 2018
It’s good news for the SBR market. Increasing tyre consumption means the market is projected to grow at a CAGR of 4.5 % to reach $ 7.9 billion by 2018 from $ 6.36 billion in 2013, says MicroMarket Monitor’s new…
Indonesia grappling with low rubber price
Largest natural rubber producer Indonesia is grappling with the low price of rubber. Rubber used to be US$4.61 per kg in 2011, but has now decreased to US$1.5 per kg. Trade Minister Rachmat Gobel said the government would push for…
All 2015 Genesis sedan tyres to be replaced by Hyundai
It is good news for owners of Korean luxury sedan: Hyundai will be replacing their tyres – free of charge – due to vibration and road noise. Until now, all versions of the Hyundai Genesis with 18- or 19-inch wheels…
Recently published data on tyre replacement sales show mixed results
The European Tyre and Rubber Manufacturer’s Association recently released the statistics of tyre replacement sales for this year’s first quarter. The findings showed mixed results: The consumer segment experienced a 2% growth compared to the previous year, which, whilst timid,…
ContiTech’s sales increased to EUR3.9 bn in 2014
The industrial and automotive supplier ContiTech, part of the Continental Corporation, increased its sales by around €50 million to €3.9 billion in 2014. This equates to growth of 1.3%. The operating result (EBIT) reached €433 million (previous year: €462 million),…
Bridgestone Receives 2014 Regional Supplier Overall Outstanding Performance Award from Toyota
The award recognises Bridgestone’s contribution as a key supplier towards Toyota’s operations in the Asia Pacific region, in the aspects of safety, quality, cost, delivery, engineering and management. The award was presented by Mr Hisayuki Inoue, Chief Executive Officer and…
Evonik to increase specialty silicones production
Evonik is launching a global initiative to enhance its technology platform for specialty silicones. With this action, the company will invest a triple-digit-million-euro amount and gradually increase the production volume of its specialty silicones. The plans include expansions in both…
Yokohama Tire to build ‘Green Playground’
On April 22, kids in San Juan Capistrano, California will get a new, eco-friendly playground, thanks to Yokohama Tire Corporation (YTC) and its cause marketing partner, KaBOOM!. YTC and KaBOOM! – a national non-profit organization dedicated to ensuring all children get…
Indonesia tyre market to grow at over 13% until 2020 reports
According to TechSci, this growth is due to Indonesia’s abundant raw material availability, continuing government support and growing domestic automobile industry. As Indonesia offers easy and abundant availability of raw materials for manufacturing tyres, most of the leading tyre companies like Gajah…