Goodyear Tire & Rubber Co. reported a net loss of $58 million on net sales of $4.5 billion for its first quarter ended March 31, 2014. That compares to income of $26 million on sales of $4.9 billion for the…
Category: Industry News
Lanxess butyl rubber facility in Belgium restarts operation
Lanxess is in the process of restarting its world-scale butyl rubber plant in Zwijndrecht, Belgium, after union-represented production employees agreed to accept the terms of a new two-year collective labor agreement and subsequently ended their strike. Normal supplies to customers…
Zeon manufacturing plant in Singapore inaugurates full-scale SSBR production
Zeon Corporation has begun full-scale commercial production of solution polymerized styrene-butadiene rubber (SSBR) at the plant of its subsidiary Zeon Chemicals Singapore Pte. Ltd. (President: Hiroyuki Hirakawa) on Jurong Island, Singapore. A ceremony to mark the completion of the plant…
MAN Truck & Bus picks Continental tyres
Continental is one of the major tyre OEMs for MAN Truck & Bus, with MAN now using Continental’s 3rd generation truck and bus tyres as original equipment. From May 2014, new vehicles from the Munich-based truck and bus manufacturer will…
Tyre companies develops fuel efficient tyres
Companies are now designing products to help reduce fuel consumption and carbon dioxide emissions. Times have certainly changed since the early 1800s when Charles Goodyear added sulphur to latex in a bid to cushion tyres for carriages and cycles. With…
Kenda introduces new clincher road tyre
The Kountach from Kenda is a performance-focused clincher road tyre that aims to provide a complete package of low-rolling resistance, low weight, confident cornering grip and reliable puncture protection. All these qualities often don’t go hand in hand, but Kenda…
Asian rubber prices, close to the bottom
Some tentative signs are emerging that the worst may be behind for natural rubber prices in Asia. Benchmark Tokyo rubber futures slumped to 196.7 yen ($1.92) a kilogram earlier this week, the lowest since September 2009, before recovering to 204…
Kumho opens warehouse facility in Jeddah
Kumho Tire’s new 7,000 square meter warehouse was opened in Al Khumra District, south Jeddah recently. Minseok Lee, GM, Kumho Tire for KSA & Bahrain, cut the ribbon to mark the opening. “This is another step toward serving our valuable…
Goodyear Tire & Rubber profits set to rise
Wall Street is optimistic about Goodyear Tire & Rubber, which is slated to report its first quarter results on Tuesday, April 29, 2014. Analysts project a profit of 60 cents a share, a rise from 45 cents per share a…
Belgian plantations group positive on rubber price, optimistic on palm oil
Improved economic prospects in the West provide hope for a recovery in rubber prices from four-year lows, plantations group Sipef said, adding that it was “optimistic” over palm oil values too. The Belgian-based group – whose empire stretches from Ivory…