India is likely to face a severe supply crunch of natural rubber, which reported a 33 per cent drop in production during January 2015 — the highest ever monthly decrease in recent times. Experts warn that the domestic market will…
Category: Industry News
New addition to Bridgestone’s tyres
Bridgestone Americas plans to launch the Blizzak DM-V2, a winter tyre for CUVs, SUVs and light trucks, in July for the 2015-16 winter season. The new tyre, which will be available in 50 T- and H-rated sizes ranging from 15…
Nokian beats profit, dividend expectations
Finnish winter tyre specialist Nokian Renkaat reported its fourth-quarter profits fell less than expected and proposed an annual dividend above the market consensus. The company posted a fourth-quarter operating profit of 77.5 million euros (US$88 million), compared to 93.2 million…
Delphi Automotive posts 4Q profit forecasts
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…
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…