Kumho Tire Co. posted net profit of 52.6 billion won on net sales of 895 billion won for the second quarter ended June 30, 2014. That compares to income of 50.8 billion won on sales of 1 trillion won for…
Category: Industry News
Goodyear expands premium mixed-service truck tyre range
The Goodyear Tire & Rubber Co. has broadened its line of premium mixed-service truck tires with the addition of a new size for its G741 MSD extreme traction drive tire. Following the introduction of its G731 MSA and G751 MSA…
Polymax Elastomer inaugurates North American production facility
Chinese materials maker Polymax Elastomer Technology Co. Ltd. has opened a North American production site and headquarters in Waukegan, Ill. The Chicago-area location will provide additional resources for manufacturing, distribution, research and development and technical sale and service, officials said…
Nokian plans to regulate production output to meet market situation
Nokian Tyres will start statutory negotiations on 25 September 2014 at its Nokia car tyre production plant to adjust the production to meet the market situation. With the negotiations the company aims to adjust the utilization of the production capacity…
Apollo conducts business rescue in South Africa
Apollo Tyres has decided to undergo business rescue proceedings in South Africa due to labor unrest, related issues and an uncompetitive cost structure, the tiremaker said. “Apollo Tyres Africa Ltd. has voluntarily initiated the business rescue proceedings, and has appointed…
Some Chinese tyres are no bargain, says Consumer Reports
With prices starting at just $89, less than half the cost of better-known models, tires from China may seem like an irresistible deal. That’s why, for the first time, Consumer Reports included a few Chinese brands in our latest tests:…
Dow Elastomers introduces Infuse OBCs for footwear
Whether you’re pounding the pavement, fast-breaking down the court, or simply getting fit, high performance footwear is essential to maximize your workout, and Dow is ready to help you step up your game. Dow Elastomers is introducing its award-winning Infuse…
German cartel clears Continental’s takeover of US rubber firm
The German cartel office has cleared Continental A.G.’s acquisition of Veyance Technologies Inc. The office said that “despite Continental’s high market share and a reduction in the number of suppliers down to three from four, the Federal Cartel Authority sees…
Toyo Tire sets up PU subsidiary in Thailand
Toyo Tire & Rubber has set up Toyo Soflan Wiz in Thailand, a rigid polyurethane thermal insulation manufacturing and sales subsidiary, for the purpose of globally expanding its urethane business within the company’s DiverTech business segment. Toyo Tires conducts every…
BASF starts up butadiene plant; doubles capacity in Europe
German chemicals firm BASF has started-up a new butadiene extraction plant at its Verbund site in Antwerp, Belgium. The plant has an annual production capacity of 155,000 tonnes. The plant in Antwerp is BASF’s second butadiene extraction plant in Europe.…