Investec cut shares of Avon Rubber to a hold rating in a research note issued to investors on Thursday. The firm currently has GBX 800 (US$12.07) price target on the stock. Investec has also taken action a number of other…
Category: Industry News
New Aither 1.1 solid tyres launched
Korean company Tannus Tires has just launched the new Aither 1.1 solid tyre which it claims only has 2% higher rolling resistance than a regular tyre, lasts at least 6,000 miles and weighs 430g. There have been solid tyres before,…
Exhibitors to showcase at MD&M West
Some highlights of the event next week: LSR moulding Described as a step change in liquid silicone rubber (LSR) processing, Canadian firm Silcotech has developed a multi-shot processing system capable of simultaneously moulding nine discrete substrates or shapes in a…
Thailand tyre plant razed by fire; US$40 million loss
A massive fire recently broke in a tyre plant in Thailand’s eastern industrial estate. Reports estimated the damage to be worth US$40 million for one of China’s largest tyre exporters. The fire, which started on a Sunday night and took…
Production of high precision LSR 2-Shot auto sealing component kicks-off
SIMTEC Silicone Parts, a custom manufacturer of Liquid Silicone Rubber (LSR) parts and high-precision LSR 2-Shot components, has announced a new project in partnership with a tier-one automotive supplier. Together, they will manufacture a challenging LSR 2-Shot automotive sealing component.…
Skip the middlemen, Thai rubber growers urge government
A group of Para rubber farmers has urged the government to cancel the project to buy primary processed rubbers from the Para Rubber Central Market. The group said it wanted the government to buy rubber at 80 baht/kilo directly from…
Rubber growers complain government and tyre firms breached agreement
Indian rubber growers slam what they allege as a breach of contract committed by the Kerala government and tyre firms. In a statement issued recently, rubber growers’ associations, including UPASI (represented by its Vice President N Dharmaraj), Association of Planters…
Automotive sales in South Korea to rise until 2020, report says
According to a recently released TechSci Research report “South Korea Tyre Market Forecast & Opportunities, 2020”, the tyre market in South Korea is forecast to touch around US$5 billion in 2017. Major drivers for tyre sales in the country include increasing automobile exports coupled with growing…
Semiconductor and rubber glove makers win from weaker Ringgit
The decline of the ringgit is generally viewed as a problem for the economy but there are always two sides to the story. Exporters with high local ringgit-denominated content and strong external demand are the obvious winners as they are…
Honda possibly guilty of deaths by exploding airbags
At least 5 people were killed in the US when the airbags in their vehicle exploded, causing Honda to investigate whether their company is to blame. The unidentified driver of a 2002 Honda Accord died in a crash last week…