Tyre manufacturers Bridgestone Corp and Sumitomo Rubber Industries bought a few cargoes of Indonesian rubber for nearby shipments, dealers said on Tuesday, but other grades struggled to attract buyers this week. A drop in benchmark Tokyo rubber futures also prompted…
Category: Industry News
Avon Rubber announces strong trading in first half
Avon is pleased to report that trading has continued to be strong since the end of the first half of our financial year. The Board remains confident that the outturn for the full year, after the impact of an estimated…
Cooper ‘less affected’ by enforcement of US duties on Chinese tyre imports
Cooper Tire & Rubber Co. executives feel the company will not be as impacted by the likely implementation of US duties starting next year on imports of consumer tyres from China as it was in 2009-12 because the company’s product…
Continental and IMSA extends multi-year partnership
Continental Tire the Americas LLC and the International Motor Sports Association (IMSA) have extended their multi-year partnership. Continental will continue as the “Official Tire of IMSA” through 2018. As part of the agreement, Continental also will continue as: the official…
Rising sales, new products buoy up Bridgestone in 2014
Bridgestone Corporation has recently released its consolidated financial results for first half of 2014, posting increases in Net sales, Operating income, Ordinary income, and Net Income, over the same period a year ago. In a press release, Bridgestone indicated that…
North Sumatra rubber and rubber goods export earnings decreases
North Sumatras earning from exports of rubber and rubber goods declined 27.38 percent in the first half of the year on weak demand. “North Sumatras exports of rubber and rubber goods were valued only at US$814.54 million in the first…
Lanxess to merge certain business units
Lanxess is pressing ahead systematically with its realignment. The specialty chemicals Group has defined a three-phase program “Let’s Lanxess again,” divided into the following three areas: Business & Administration structure competitiveness, Operations Competitiveness, Portfolio Competitiveness. The group-wide restructuring program initiated…
Yokohama reports net income upsurge
Yokohama Rubber Co. Ltd. reported record sales and earnings for the first half of fiscal 2014, with operating and net income jumping 23.8 and 38.4 percent, respectively, on 5.3-percent higher sales. Yokohama attributed the “robust fiscal performance” to business gains…
Countrywide adds new trailer tyre to RubberMaster brand
Countrywide Tire & Rubber Co. has added an ST radial trailer tyre to its RubberMaster brand offerings. The company said the opportunity to produce the new tyre came during the development of Countrywide’s recently launched direct container program, LINK, and…
Michelin adds three new tyres to WRC range
No less then three new Michelin tyres have been developed for this season’s FIA World Rally Championship, and the tyre maker says “extremely positive feedback” was garnered following private session tests by its partner teams, with improvements noted in a…