Shares of Cooper Tire & Rubber Company has dropped 2.29% during this past week. The shares have posted positive gains of 8.18% in the last 4 weeks. The counter has underperformed the S&P 500 by 3.93% during the past week…
Category: Industry News
Continental Tire Winner and “Eco-Meister” in AutoBild Magazine’s Summer Tyre Test
The ContiPremiumContact 5 has been pronounced the winner of the latest summer tyre test of over 50 tyre models by AutoBild magazine (12/15 issue), receiving the rating “exemplary.” In addition to their very good driving performance, the Continental tyres were…
Takaso says in talks on joint ventures, possible acquisition
Takaso Resources Bhd is in the midst of discussions on several possible joint-venture projects and the possible acquisition of a company, all of which have not been finalised, it told Bursa Malaysia in a response to an unusual market activity…
Giti Adds New Line Haul Trailer Tyre
Giti Tyre (USA)’s newest GT Radial tyre, the GTL922 FS premium line haul trailer tyre, was designed specifically for North America, the tyremaker said. The Smartway-verified GT Radial GTL922 FS features a four straight groove design for enhanced driving stability…
Apollo increases its focus on commercial and fleet retreading
Apollo Tyres recently inaugurated its 3rd Apollo Retread Zone (ARZ) in Mumbai, in the western part of India. Rajesh Dahiya, Group Head, Sales-APMEA (Asia Pacific, Middle East & Africa), Apollo Tyres Ltd inaugurated the outlet in Turbhe, Navi Mumbai. With…
Rubber plantations stretching 11,000 hectares developed in Nagaland, India
India is promoting rubber on a large scale in Nagaland in view of the high environmental and economic benefit .”Rubber is successfully cultivated in the foothill areas and valley lands of the state with excellent result,” according to the annual…
The DV-RT4 by Vipal Rubber launched
Leading tyre retreading manufacturer Vipal Rubber has developed its latest precured tread: DV-RT4. Designedexclusively by the brand, the DV-RT4 is ideal for use in drive axles. Vipal’s DV-RT4 tread offers excellent traction power and high mileage due to its greater…
Lanxess starts production of EPDM in China; to stop in Germany end-2015
German speciality chemicals company Lanxess says it has successfully started its new EPDM plant in Changzhou (Jiangsu Province), China, with a capacity of 160,000 tonnes/year. With the gradual ramp-up of the new plant, the company says it has completed its…
India’s 2015/16 rubber output seen rising 14.5 % – official
India’s natural rubber output could jump 14.5 % in 2015/16 fiscal year that started on April 1 to 750,000 tonnes, while consumption is likely to rise 4.1 % to a record 1.06 million tonnes, said an official with state-run Rubber…
Liberty Tire Recycling completes financial restructuring
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…