Kesoram Industries, a BK Birla Group company, will restructure its business in order to sell its tire business to Kumar Mangalam Birla, the head of commodditires conglomerate Aditya Birla Group, reports India Economic Times. Reports also say that Kesoram Industries’…
Category: Industry News
Evonik to increase global production capacity of special silicas
Beginning in October 2014, Evonik Industries (of Essen, Germany) officially opened a new production line to manufacture surface-treated fumed silica under the AEROSIL® brand name. The new line will be located at Evonik’s Rheinfelden, Germany site, which will boost their…
Yokohama to transfer corporate headquarters
Yokohama Tire Corp. (YTC) in November will relocate its corporate headquarters from Fullerton to nearby Santa Ana, Calif., in order to accommodate business growth. YTC said it signed a 10-year lease for a new 57,000-sq.-ft. office, located at 1 MacArthur…
Michelin plans to add entry-level brand
During a recent radio appearance on France Info radio, Michelin CEO Jean-Dominique Senard said the tyremaker could add an entry-level brand to its portfolio, Reuters reports.michelin Senard was asked if Michelin could add a new entry-level brand to its offers…
Falken reveals new GI388 and GI378 truck tyres
Robust truck tyres with ‘sensible’ design features offer performance and cost for cost-conscious operators. Operators seeking affordable yet resilient truck tyres, versatile enough to cope with today’s growing market demands for mixed usage on a daily basis, have a new…
Lion Copolymer to purchase Ashland elastomers business
Ashland Inc. ASH, and Lion Copolymer Holdings, LLC, today announced they have reached a definitive agreement under which Lion Copolymer will purchase Ashland’s elastomers business based in Port Neches, Texas. The transaction is expected to close by December 31, 2014,…
Nexen gains profit due to rubber slump
Nexen Tire Corp, the South Korean tyremaker that’s expanded revenue every year since the turn of the century, plans to further increase its profitability by raising prices as global rubber prices plummet. The nation’s third-biggest tyre producer outperformed larger makers…
Chengshan Group to acquire Cooper’s 65% ownership
China’s Chengshan Group Co. Ltd. plans to exercise its option to acquire Cooper Tire & Rubber Co.’s 65-percent ownership stake in their Cooper Chengshan (Shandong) Tire Co. Ltd. venture, Cooper Tire said today. Cooper did not at this time disclose…
EBT reveals new all-purpose tractor tyre
East Bay Tire Co. debuted a new tractor tyre line under the Dawg Pound tyre brand: the Farm Dawg USA R-1. According to the company, the Farm Dawg USA R-1 tractor tyre expands on the Dawg Pound tyre bias agriculture…
Margma advises gov’t to grant tax breaks to rubber glove makers
The Malaysian Rubber Glove Manufacturers Association (Margma) has urged the government to provide tax breaks in Budget 2015 to encourage players in the rubber glove sector to be more aggressive in implementing more automation and the creation of proprietary technology.…