Giti Tire will launch its latest GT Radial next generation drive axle tyre at CV Show 2015. Making its debut at stand 4G40, the GDR638 is a high-performance drive axle tyre designed specifically for medium-sized trucks and buses. The tyre…
Category: Industry News
Kesoram to transfer loss-making tyre unit
Loss-making BK Birla group outfit Kesoram Industries has decided to transfer its tyre unit at Laskar in Uttarakhand into a subsidiary, upon recommendation by its committee. The company said the committee also suggested “monetising some of its assets” to reduce…
Liberty Tire Recycling restructures to reduce its debt
Liberty Tire Recycling Holdco LLC has reached a financial restructuring agreement (to be completed within 90 days) with stakeholders to reduce its debts. Lenders halted access to a US$75 million revolving credit line after Liberty Tire breached the terms of…
Penske Automotive’s fourth-quarter 2014 earnings improved 14.5%
Zacks restated their outperform rating on shares of Penske Automotive Group (NYSE:PAG) in a report issued on Friday. They currently have a US$58.00 target price on the stock. Zacks’ analyst wrote, “Penske Automotive’s fourth-quarter 2014 earnings improved 14.5% to US$0.79,…
Agriculture faces new revolution
“The world of agriculture is facing a momentous stage of transition due to deep ongoing changes. One of the reasons is the enduring global economic crisis demanding a new work and management style to farming businesses, turning upside down rules…
Goodyear Chairman and CEO to Headline World Rubber Summit 2015
Richard J. Kramer, the chairman and CEO of the Goodyear Tire and Rubber Company (Goodyear), will discuss current and emerging trends shaping the global tire and rubber industries with delegates at the upcoming World Rubber Summit to be held 24-25…
Malaysian glovemakers optimistic of growth
The Malaysian Rubber Glove Manufacturers Association (Margma) is optimistic that the global demand for rubber gloves will continue to grow at a rate of 8% to 10% for 2015, amid the weakening of the ringgit against the US dollar. President…
PPG Industries to raise precipitated silica capacity
PPG Industries is increasing production capacity for precipitated silica at its manufacturing site in Delfzijl, the Netherlands by more than 15,000 tons a year. The decision to raise capacity was made in part as global demand for the company’s Agilon…
Hankook Tyre UK to reveal new products
Hankook Tyre UK will be revealing several new products at this year’s CV Show in April. This include its increased load index SmartFlex AH31 tyre and the latest TLO2 trailer tyres. The new SmartFlex AH31 295/80 R22.5, with a load index of…
Solvay unveils new highly dispersible silica for tyres
Solvay Silica, the inventor of Highly Dispersible Silica (HDS) and a key player in energy-saving tyres, introduces Efficium, an innovative reinforcing filler, which allows for higher productivity and greater flexibility in producing green passenger car and truck tyre compounds, at…