Delphi Automotive PLC (DLPH) recently reported fourth-quarter earnings of US$344 million. The Gillingham, United Kingdom-based company said it had net income of US$1.16 per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were US$1.32 per…
Category: Industry News
Malaysia to help Indonesia develop its own car
Malaysia’s struggling national carmaker Proton inked an agreement Friday to help Indonesia study the possibility of developing and manufacturing its own national car. The signing of the memorandum of understanding with PT Adiperkasa Citra Lestari was witnessed by visiting Indonesian…
India to expect a correction in inverted duty structure
Over 6,000 small and medium rubber units (SMEs) scattered in different clusters across the country expect a correction in inverted duty structure in the upcoming Union Budget. India levies amongst the highest duties on import of raw materials and one…
India’s January natural rubber output dips by 33% year-on-year
India’s natural rubber output in January dropped by a third from a year earlier to 60,000 tonnes as some farmers curtailed tapping due to lower prices, the state-run Rubber Board said recently. The consumption during the month rose 0.8 %…
Michelin starts testing season in Sepang, Malaysia
Michelin will return to MotoGP in 2016 after a seven-year absence, and has already planned a busy season of testing to ensure its future debut will go smoothly. Today’s test at Sepang involves all the factories in the paddock including…
Tyre sales in China expected to rise until 2020
According to a recently released TechSci Research report, “China Tyre Market Forecast & Opportunities, 2020”, tyre market in China is forecast to grow at a CAGR of 11% during 2015-20. The market is expected to witness tremendous growth on account…
Lanxess features comprehensive range of rubber technologies at Cologne show
Specialty chemicals company Lanxess presented its comprehensive range of solutions for the tyre industry, from new rubber products and additives to processing aids for use in production, at the Tire Technology Expo in Cologne this February. The newly formed Lanxess…
Mitas unveils Sport Force radial bike tyre
Mitas unveiled Sport Force+, the new generation of radial motorcycle tyre for riders of sport, naked and touring motorcycles. With Sport Force+, Mitas uses a new tread tyre compound based on the latest findings of its research and development unit.…
Rising trend for silicones in medical products
One major upcoming trend in silicones market is the use of silicones in medical applications. This is one of the findings from the new Global Silicones Market 2015-2019 published by TechNavio. Silicone is used in catheters and tubing, implants, transdermal…
India may raise import duty of natural rubber by 30 %
The Business Line reports that, “The Centre is looking at raising import duty on natural rubber to protect domestic growers against cheap imports and check a further fall in prices. The duty hike could be announced in the Union Budget.…