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…
Category: Industry News
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.…
Goodyear to report third quarter financial results
Goodyear will report its third quarter financial results on Wednesday, Oct. 29. The announcement will be followed by an investor conference call at 9 a.m. that day. Participating in the conference call will be Richard J. Kramer, Goodyear chairman and…
Continental’s VP is new ETRMA chief
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has recently elected its new president, Christian Kötz, who is also Vice President of Continental. Kotz is succeeding outgoing president, Patrick Lepercq of Michelin. Meanwhile, Thierry du Granrut, from the Syndicat National…
Pirelli gains Innovation Award in Amsterdam
BMW presented Pirelli with its 2014 BMW Supplier Innovation Award in recognition of the tyremaker as an innovative supplier. Pirelli was awarded the ‘best innovation in quality’ prize at a ceremony hosted Oct. 5 in Amsterdam, for its real dynamic…
Hexpol to gain European rubber compounder business
HEXPOL has signed an agreement to acquire the VIGAR Rubber Compounding business within Grupo Vigar from the founders’ families. Vigar Rubber Compounding has more than 50 years’ experience of rubber compounding and is today a well-known Rubber Compounder in the…