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…
Category: Industry News
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…
MotoGP 2015 sees new tyre markings by Bridgestone
Bridgestone has introduced two new tyre markings for the 2015 MotoGP season, its last year before withdrawing as exclusive tyre supplier. Alongside the four coloured markings seen last year – green (extra-soft), white (soft), black (medium) and red (hard) –…
Toyo Tire comes under heat for false earthquake-proof rubber
Toyo Tire & Rubber has been found to have falsified performance data for earthquake-resistant rubber products that were used in buildings in Japan. This news was released by the Company President Takuji Yamamoto, in a press conference last week. “We…
Tyre makers rated for best tyres
According to Consumer Reports latest report on tyre manufacturers, Michelin ranks at the top with its Defender series. Across the board, Michelin offers nearly a perfect blend of grip, handling, low rolling resistance for good fuel economy, and long tread…
Lanxess appoints new CFO; makes changes to Board
German speciality chemicals company Lanxess has appointed Michael Pontzen as Chief Financial Officer (CFO). Pontzen currently heads Lanxess’s Corporate Controlling Group Function. He will succeed Bernhard Düttmann, who is leaving the company effective March 31, 2015, to take on new…
Jaidah Automotive sees 12 % growth
Jaidah Automotive, Independent Aftermarket (IAM) wholesale operations, a fully owned subsidiary of the Jaidah Group, has announced a 12% increase in their wholesale business for 2014. The announcement was made at the fourth annual appreciation event to thank customers for…