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…
Category: Industry News
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…
LANXESS’ shares to rise sharply on tyre markets recovery, savings – UBS
German chemicals major LANXESS could see its shares jump sharply within 12 months on the back of a recovery in the tyre markets and the restructuring programme implemented by the company progressing well, investment bank UBS said on Thursday. The bank…
Michelin ready to return as Formula 1 tyre supplier
Michelin has made it clear it is ready to make a return to Formula 1 when the championship’s existing tyre contract comes to an end. The French tyre manufacturer was last involved in 2006, opting to depart at the end…
ANRPC members agree to price stabilization
Member nations of the Association of Natural Rubber Producing Countries (ANRPC) have vowed to renew their efforts to stabilize natural rubber (NR) prices during a ministerial-level meeting in Kuala Lumpur. “The ministers agreed that to stabilize NR prices at the…