The much-publicised scheme to help rubber growers, which the state government brokered with leading tyre makers in December, to ensure that the latter lifts natural rubber at 20 % above the international market price, has turned out to be a…
Category: Industry News
Automotive Composites Market Forecast 2015-2025
In 2015 the market for automotive composites is progressing strongly, boosted by increasingly advanced production techniques which are facilitating higher volume production of composite materials. The success of composite-rich models such as the BMW i3 provides further positive stimuli to…
Ernest Waaser is new CEO of NuSil
CALIFORNIA – NuSil Technology LLC, the global leader in high purity medical and space-grade silicones, announces the appointment of Ernest Waaser as its new chief executive officer. Mr. Waaser brings over 30 years of experience leading numerous public and privately-held…
Evonik expands silicone platform in Germany and China
Evonik strengthens its technology platform for specialty silicones with a global investment initiative. Overall, Evonik plans to invest a triple-digit-million-euro amount in the coming years and gradually increase the production volume of specialty silicones. “Evonik is one of the world’s…
Indian Automotive Aftermarket to grow stronger
The poor condition of roads and, consequently, the increased wear and tear of automobile parts are heightening the need for vehicle maintenance in India. Along with the country’s rapidly emerging status as the manufacturing hub for global automakers, this is…
Tyres from Indonesia and Thailand snapped up
Leading tyre makers bought Indonesian and Thai-grade rubber this week, although demand was tepid with most buyers keeping to the sidelines, and as Chinese players showed muted interest for physical cargoes, traders said on Thursday. Bridgestone Corp, Goodyear and Michelin…
Consumption by China dips; world rubber demand to shrink until 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…
Dunlop expected to perform at the 2015 European Le Mans Series (ELMS) season
The new Dunlop Sport Maxx GT tyre, which has been developed for the LMGTE and GTC classes, has already proven to be a major step forward in testing ahead of the 2015 European Le Mans Series (ELMS) season. Dunlop has…
New Chief Quality Officer at Apollo Tyres Ltd
Pedro Matos has been appointed as the Chief Quality Officer at Apollo Tyres Ltd. He will be based out of the company’s Global Quality and Business Excellence Office in Enschede, The Netherlands and will handle the entire portfolio of quality and business…
O’Reilly Automotive Receives Consensus Rating of “Hold”
O’Reilly Automotive has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the stock, American Banking News reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, five have…