Toyo Tire & Rubber Co. Ltd. reported record sales and earnings for the nine months ended Sept. 30, as profits benefited from the effects of higher revenues, lower raw materials costs and favorable foreign-exchange rates. Operating income for that period…
Category: Industry News
Sentury introduces new Delinte DX10 A/T tyre
Sentury Tire Americas displayed its new Delinte DX10 A/T tyre at the 2014 SEMA (Specialty Equipment Market Association) Show in Las Vegas. The Sentury booth, located in the Global Tire Expo portion of the Las Vegas Convention Center, featured the…
Apollo announces net profit upsurge in Q2
Apollo Tyres today reported 17.52 per cent increase in consolidated net profit at Rs 257.94 crore for the second quarter ended September 30, 2014-15 driven by higher exports. The company had reported net profit of Rs 219.47 crore in the…
Bridgestone inaugurates new US headquarters
When talk first surfaced that Bridgestone Americas was looking to move its U.S. headquarters into the heart of downtown Nashville, the tyremaker never actually denied it, despite the haste with which some dismissed the notion. This morning, according to The…
Yokohama reports net sales increase
Through the first nine months of the year, Yokohama Rubber Co. Ltd. posted record net income of 24.9 billion yen on record net sales of 429.8 billion yen. That compares to income of 19.5 billion yen on sales of 412.4…
Chinese rubber processors to conduct site survey to establish rubber facilities
A representative of China Cereals, Oils, and Foodstuffs Corporation (COFCO), China’s state-owned food-processing holding company, will visit Thailand to discuss rice purchases with the government under a government-to-government contract.Thailand will seek an opportunity to sell more rice to China on…
Michelin plans to expand business in China
Michelin will double its business in China over the next 10 years, according to a Reuters report. The news was announced during Michelin’s investors day in China. The tyremaker also aims to produce 220,000 tons annually at its Shenyang plant…
TVS Srichakra reports net profit rise in second quarter
Shares of tyre company TVS Srichakra surged 20 per cent in trade after the company came out with impressive set of results for quarter ended September 2014.The company’s net profit surged to Rs 26.04 crore in July-Sept 2014 from Rs…
Greenball reveals new Centennial Terra Trooper A/T at SEMA show
Greenball Corp. introduced the Centennial Terra Trooper A/T for on and off-road use at the 2014 Specialty Equipment Market Association (SEMA) Show in Las Vegas. The Terra Trooper will be available in 12 sizes in the second quarter of 2015.…
Momentive approves new expansions in Thailand facility
Momentive Performance Materials Inc. commissioned two new expansions at its Rayong, Thailand manufacturing facility to serve the growing Asian market demand for specialty chemicals. Commissioning took place as part of part of the 10th anniversary celebration of the Rayong operations.…