Liberty Tire Recycling Holdco, LLC and its subsidiaries announced today that on March 5, 2015, the Company completed its financial restructuring, which de-levered the Company’s balance sheet and facilitated the infusion of new capital into the Company. With its new capital…
Category: Industry News
Russia eyes military sales to Thailand, rubber deals
Russia sees an opportunity to sell Thailand military planes and other defence equipment, Russia’s trade minister said on Wednesday, as the two countries facing Western opprobrium seek to boost trade ties. Thailand has stepped up engagement with both Russia and China in…
Hankook is the Official Tyre Supplier to Formula 3 European Championship
Hankook Tire marks its fourth anniversary as an official tire supplier of the FIA Formula 3 European Championship. The start of this year’s competition will take place at Silverstone and run from April 10 to 12. The race will feature…
Mitas unveils new sizes of CR-01 crane tyres
Two new sizes of Mitas CR-01 crane tyres are being released for sale. The all-new Mitas 385/95R25 CR-01 170F TL and 525/80R25 CR-01 176F TL are tyres designed for speeds of up to 80 km/h (for 385/95R25) and 90 km/h…
Mars Mineral transform scrap tyre into carbon black feedstock powder
Mars Mineral, a leader in the design and production of agitation pelletizing equipment and systems, is now providing solutions to companies that transform scrap tyres into high quality carbon black feedstock powder through pyrolysis. Mars Mineral pelletizing equipment converts recovered…
Tokyo rubber ends down 1.8 % at nine-week low
Benchmark Tokyo rubber futures extended losses on Monday, ending down 1.8 % at a nine-week low as a stronger yen more than offset strength in global oil prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber…
Nokian Tyres and Valtra Set the New World Record for Tractors: 130.165 km/h
The new world record for fastest tractor was achieved when Nokian Tyres and Valtra combined their northern expertise. The new amazing record was set on a snowy and icy road in Finnish Lapland. Multiple World Rally Champion Juha Kankkunen kept his head cool and drove the…
Deutsche Bank Increases Delphi Automotive PLC Price Target to US$94.00 (DLPH)
Equities researchers at Deutsche Bank hoisted their target price on shares of Delphi Automotive PLC (NASDAQ:DLPH) from US$92.00 to US$94.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests…
Ken Garff Honda Downtown receives multiple awards for excellence
Ken Garff Honda Downtown, a leading new and used automotive dealership in the Intermountain West, was recently recognized by two organizations for its excellence in customer service and consistently high sales. The dealership was awarded the Honda President’s Award by…
Alliance Tire aims for more than USUS$ 1 billion in sales; realigns business
The North American, European and emerging markets of Alliance Tire Group have been realigned to form the key business units as the company aims to double its sales to more than USUS$1 billion. Newly hired Nagesh Basavanhalli, formerly with Fiat…