The demand for natural rubber, primarily from the tyre industry, is threatening the Southeast Asian eco system, a new research from the University of East Anglia says. The study predicts that up to 8.5 million hectares of additional rubber plantations…
Category: Industry News
Automotive OEM Direct Glazing Adhesive Market 2015 report
This market insight covers North American direct glazing (DGX) adhesives in the automotive OEM market. Research segments are analyzed by polyurethanes and others, including silane-modified polymers. Demand for DGX adhesives, market growth, and trends are discussed at the total and…
Magneti Marelli to create 450 new jobs with plant expansion
Some 450 jobs will be created as Magneti Marelli set to expand its plant. The company makes shock absorbers and headlights for Fiat Chrysler and Mercedes and currently employs more than 950 people. The 80,000-square-foot expansion will allow the company…
ContiTech’s investments in 2014
ContiTech has revealed its 2014 expenditure. This includes a $203 million investment in new plants worldwide. “We reinforced our presence in Asia because we want to be where our customers are,” outgoing ContiTech CEO Heinz-Gerhard Wente said at a press…
Tyres made of dandelion rubber to be tested by Mitas
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…
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),…