The acquisition of Veyance Technologies Inc. by ContiTech A.G. is proceeding along relatively smoothly and should be finalized by the fourth quarter. ContiTech expected that antitrust authorities would investigate the planned transaction “with appropriate effort” when it announced the deal…
Category: Industry News
Nokian Tyres reports net sales decrease in first half
Nokian Tyres Group’s Net sales decreased by 11.8% to EUR 369.5 million (EUR 419.1 million in 4-6/2013). Operating profit was EUR 90.7 million (120.2). Profit for the period amounted to EUR 66.1 million (85.6). Earnings per share amounted to EUR…
Green Tokai plans to extend Kentucky plant
Green Tokai, which supplies rubber, plastic and injection-molded parts for the automotive industry, plans to grow its weather stripping and auto trim facility. The expansion will create 24 additional jobs and the company will invest $4.4 million into the project.…
Toyo new tyres takes road tour
Toyo Tire USA Corp. has hit the road with an “All or Nothing Road Tour” to get its top dealers up-to-speed on the features and benefits of two new Toyo tyres, the Open Country R/T for light trucks and the…
Dow Corning to present silicone air barrier system in forthcoming webinar
Building and renovating more sustainable, near-zero-energy buildings requires effective solutions to minimize air infiltration. In a free Aug. 27 webinar presented through The Construction Specifications Institute’s (CSI) WebReach program, Dow Corning’s Andrea Wagner will outline many aspects of creating an…
Trade deficit on non-tyre rubber products, rising in Asian countries
India’s trade agreements with Asian countries have led to ballooning of trade deficit with these countries in non-tyre rubber products, reveals the statistics from the ministry of commerce. Between FY09 and FY11, India had signed three major trade agreements with…
MAN chooses Goodyear fuel-efficient truck tyres
MAN as one of the leading truck manufacturers is now line-fitting Goodyear’s latest high mileage and fuel-efficient truck tyres. Goodyear KMAX and FUELMAX tyres are available as original equipment on the German manufacturer’s vehicles. The tyres being fitted by MAN…
Continental reports deliberate recall of motorcycle tyres
Continental announced a voluntary tyre exchange program covering approximately 170,000 Continental 120/70 ZR 17 and 120/70 R 17 motorcycle tyres. Market feedback indicates that a very small number of these tyres have exhibited a condition in the tread and/or belt…
Toyo announces higher net income in first half
Toyo Tire & Rubber Co. Ltd. reported record operating and net income for the six months ended June 30 on 8.2-percent higher sales. Toyo chalked up the double-digit earnings performance to higher sales, lower, stable raw materials prices and a…
Specialized reveals new cotton tyre
Specialized says that the S-Works Turbo Cotton produces the lowest rolling resistance of any road tyre the company has ever offered. Such bold claims are often ultimately written off as little more than marketing hyperbole but this one is wholly…