According to Indonesia Tyre Market Forecast & Opportunities, 2020, the Indonesia tyre market is forecast to increase at a CAGR of more than 13% during 2015-20. Large two-wheeler fleet size, easy raw material availability and continuing government support would continue…
Category: Industry News
World rubber demand slowdown to weigh on prices through 2020
World demand for natural rubber will probably slow through 2016 as consumption growth weakens in China, the biggest importer, curbing prices of the raw material used in everything from tires to medical gloves and condoms. Expansion will moderate to 3.5…
Excellent test results for Vredestein summer tyres
Vredestein summer tyres have achieved exemplary results in recent independent tyre tests. This is a fitting reward for intensive research, millions of miles of testing and a quality manufacturing process. The Vredestein Sportrac 5 and Vredestein Ultrac Vorti were rated…
Rubber industry facing challenging times; Asia main focus of tyre sector
Thought the rubber sector is facing challenging times due to an oversupply in rubber and decreased prices, according to the International Rubber Study Group (IRSG), total rubber demand globally is forecast to increase at 1.8% and 4.1% in 2015 and…
Malaysian PM: Sarawak rubber smallholders to each receive RM500 aid
Prime Minister Datuk Seri Najib Tun Razak today announced aid of RM500 to be given to each rubber smallholder in Sarawak. He said the aid, totaling RM37.3 million, was aimed at alleviating the burden of the smallholders who were affected…
ExxonMobil starts production at Hadrian South in Gulf of Mexico
Exxon Mobil Corporation announced today it began production in the deepwater Gulf of Mexico at Hadrian South with facilities tied back to the nearby Lucius project, reducing additional infrastructure requirements. Daily gross production from Hadrian South, ExxonMobil’s deepest subsea tie-back in…
Avon doubles fitment range of flagship AV11 van tyre
Avon Tyres has doubled the size fitments available in its acclaimed AV11 van tyre. Available from Avon stockists now, the brand’s modern, high-speed van tyre has increased in fitment range from eight to 15 sizes. The AV11 features better tyre…
Delphi Automotive PLC Given BBB Credit Rating by Morningstar
Delphi Automotive PLC has been given a “BBB” credit rating by Morningstar. The research firm’s “BBB” rating suggests that the company is a moderate default risk. They also gave their stock a two star rating. A number of other analysts have…
Goodyear Establishes Tire Development Center in China
The Goodyear Tire & Rubber Company announced today that it has established its first development center in China. Located at the company’s state-of-the-art tire manufacturing facility here, the new center expands Goodyear’s capabilities in the Asia Pacific region and will…
Hankook Tire Wins Red Dot Design Award 2015
Hankook Tire announced that its Smart Control AW02 has received the prestigious Red Dot Award: Product Design 2015 in the ‘Vehicle Accessories’ category. This honour proves Hankook Tire’s excellence in technology as the tread design has a direct result on…