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…
Category: Industry News
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…
General Tire test track in Uvalde, Texas
Steeped in tradition, the U.S. tyre brand General Tire is celebrating its foundation 100 years ago. With this in mind, the employees enjoy pointing out the impressive test track in the middle of the Texan desert. There, in the rather…
ChemChina chairman says hopes to re-list Pirelli in Italy
* Expects to increase workforce, no redundancies * Says deal is “revolutionary” for ChemChina rubber, tyre ops * Calls Tronchetti partnership “a very beautiful marriage” (Adds strategy details in paragraphs 5-7, comment on redundancy in pars 9-10) The chairman of China National…
Michelin nabs two awards at tech show
French firm Michelin, as the world’s leading tyre industry brand, has continuously concentrated on tyre development and innovation, thus providing consumers all over the world with higher quality tyres and an unforgettable driving experience. Michelin has earned approval and praise…
Lanxess to close EPDM plant in Germany; reports slight sales decline and competitive outlook
Speciality chemicals group Lanxess intends to stop EPDM rubber production at its Marl, Germany, site at the end of 2015. The German company says that within its EPDM production network, the Marl facility is the least competitive due to economy…