A fall in global oil prices may have brought cheer to the Indian government as well as economists in Asia’s third-largest economy, but rubber farmers here say they are suffering as crude has weighed on other commodity prices. Crude oil…
Category: Industry News
Tocom and Shanghai futures fell due to lack of buying interest
Benchmark Tokyo rubber futures ended down 1.7% on Tuesday, reflecting sharp falls in Shanghai futures amid oversupply worries. “Both Shanghai and Tocom fell on lack of buying interest,” said a Tokyo-based dealer who declined to be identified. The Asian rubber…
Hankook enhances medium haul truck tyre ranges
Hankook Tire, the leading and one of the fastest growing tyre companies in the world, is further expanding its truck tyre business in Europe by upgrading its range of light to medium duty truck tyres with a special focus on…
Evonik engaged new pacts to expand distribution of silica products
Specialty chemicals maker Evonik Corp.’s Inorganic Materials Business Unit has inked new agreements with Cary Co. and Dorsett & Jackson Inc., to broaden distribution of Evonik’s silica products in the U.S. Midwest and Western regions, respectively. Cary Co., which previously…
Mitas announces to replace Continental brand name on its agricultural tyres
Tyre Press reports, “At its press conference at the EIMA agricultural show yesterday, Mitas a.s. announced that as of January 2015, it will replace the Continental brand name on its original equipment agricultural tyre products with Mitas branded products. The…
Corning plans to end silicone venture, says Dow Chemical
Bloomberg reports, “Dow Chemical said its partner in a 71-year-old silicone venture that’s on pace for $6 billion of annual sales wants to sell its half of the business, and Dow could be the buyer. Corning Inc. has “more priorities”…
Top Glove reports net profit down surge in the fourth quarter
Top Glove Corp Bhd’s net profit slipped 5.2 per cent to RM45.90 million in the fourth quarter, due to higher fuel costs and stiff competition from nitrile glove makers. Its revenue, however, grew 5.8 per cent to RM580.23 million, thanks…
BKT introduces new agri tyres at EIMA show
BKT showcased two new agriculture tires during the EIMA 2014 show – the Ridemax FL 693 M and Ridemax FL 698. Ridemax FL 693 M is designed for those who frequently travel on the road with trailers or tank trucks,…
Michelin achieves Industry Best in six categories
In the 2014 Dow Jones Sustainability Indices (DJSI) rankings, Michelin has scored Industry Best in six categories including Innovation Management, Product Stewardship, Climate Strategy and Environmental Management. Michelin is one of two tyre manufacturers in the DJSI World Index, attesting…
Firestone exhibits new range of farm tyres
Firestone, a manufacturer of this new class of farm tyres, recently hosted a field day for customers and dealers near Des Moines, Iowa, to demonstrate the benefits of the “next generation” in farm tyres. Firestone’s line is called AD2 (Advanced…