US carbon black supplier Orion Engineered Carbons, has priced the initial public offering of 19.5 million common shares at a price to the public of US$18 per share. The shares began trading on the New York Stock Exchange on July…
Category: Industry News
Bluestar Silicones inaugurates R&D center in Seoul
Bluestar Silicones, a global integrated silicones leading manufacturer, hold today a grand opening of its new Research & Development (R&D) Center and office relocation in Seoul to further strengthen its presence in South Korea. This is the strategic continued expansion…
Nitto expands Grappler tyre range
Nitto Tire U.S.A. has added an all-weather tyre certified for use in severe snow conditions to its Grappler line. The company says the new Exo Grappler AWT tyres provide superior traction in dirt, rock, gravel, snow and ice. The tyres…
Dow Corning announces sales and profits upsurge
Dow Corning Corp. today announced sales of $3.02 billion, an increase of 12 percent over 2013, and net income of $300 million. Adjusted net income in the first half of 2014 was $209 million, an increase of 20 percent compared…
Dunlop reveals more versatile Moto 2 and 3 race tyres
Dunlop Motorsport has used the Moto 2 and 3 mid-season break to examine the changes brought about by its 2014 tyre philosophy. The manufacturer’s 2013 rubber provided more opportunities for riders to make choices about the tyres that suited them…
OECD reports on new nanomaterials in tyre production
The use of new nanomaterials in tyre production could help foster the sustainability of the tyre industry and reduce the environmental impact of vehicles, if the potential environmental, health and safety risks of the technology are managed carefully, according to…
Continental announces operating income rise
Continental A.G. reported a 10-percent jump in pre-tax operating income for the six months ended June 30 on the positive effects of dropping raw materials costs and efficiency gains. As a result, Conti management is raising the fiscal year forecast…
Yokohama inaugurates new marine products plant
The Yokohama Rubber Co., Ltd., announced that it held a groundbreaking ceremony in June for its new marine products plant at the Kabil Integrated Industrial Estate near the east coast of Indonesia’s Batam Island. The ceremony was sponsored by the…
Demand for Chinese natural rubber predicted to rise
Demand for natural rubber (NR) in China is forecast to grow at 6.5 percent per year, according to research by ReportsnReports. In its report, “Research and Forecast of China Natural Rubber Industry, 2014-2018,” market research firm ReportsnReports estimates that the…
Hankook reports operating income drop in Q2
Hankook Tire Co. Inc. suffered 7.4- and 11.2-percent drops in operating income and sales, respectively, for the second quarter of fiscal 2014. Hankook, the world’s No. 7 tyre maker, did not elaborate on the reasons for the declines or provide…