Category: Industry News

Indian spot rubber prices recovers

Spot rubber finished firm on Friday. The market opened steady but improved later on covering purchases at lower levels following the better trend in domestic futures. There were no quantity sellers in the local trading houses as most traders expected…

Top Glove’s shares expected to increase

Top Glove Corporation Bhd’s weaker than expected sales volume growth is seen to have been largely priced in by the market and RHB Research has upgraded it to “buy” call from “neutral”, with an unchanged target price of RM5.67. The…

Sumitomo inaugurates tyre plant in Thailand

The official opening of Sumitomo Rubber Industries’ first agricultural tyre plant outside of Japan took place on April 22. The newly-completed Sumitomo Rubber (Thailand) factory in Thailand’s Rayong Province was host to some 150 opening ceremony guests, including Rayong regional…

Titan first quarter profits surge

Titan International Inc. suffered double-digit drops in earnings in the quarter ended March 31 on 6.8-percent lower sales, prompting management to put its workforce on notice that it will be “adjusting employment levels” in the second quarter. The sluggish first…

PolyOne earns supplier excellence award

PolyOne Corporation, a premier provider of specialized polymer materials, services and solutions, today announced that it has received the first Supplier Excellence Award jointly granted by Quality Synthetic Rubber (QSR) and Qure Medical, specialty divisions of Q Holding Co. “Unwavering…

Avon Rubber greatly desired

Avon Rubber has had a storming first half, as it reported in a bullish update toward the end of March. The results due to be released on 30 April will be “substantially better” than last year, driven largely by sales…

Tireco reveals new SummerSnow tyre

Import and private brand distributor Tireco Inc. is adding the Nankang SV-2 SummerSnow, a winter-optimized all-weather tyre, to its lineup. The Nankang SV-2, produced by Taiwan’s Nankang Rubber Tire Corp., combines true winter traction (Alpine marked) and all-season durability with…