Apollo Tyres is expecting 50 per cent increase in export revenue from Asia Pacific, West Asia and North African markets in this fiscal, according to President Satish Sharma. The region contributes around 11 per cent of the company’s turnover of…
Category: Industry News
European tyre market unrolls high tyre sales in Q1 2014
The European Tyre and Rubber Manufacturers Association (ETRMA) recently released figures of its members’ sales in the first quarter of 2014. Compared to the very low start of 2013, ETRMA members garnered a double digit growth almost in all tyre…
Indag Rubber sales declined
Net profit of Indag Rubber declined 3.21% to Rs 6.34 crore in the quarter ended March 2014 as against Rs 6.55 crore during the previous quarter ended March 2013. Sales declined 0.50% to Rs 55.64 crore in the quarter ended…
Top Glove founder motivates Malaysian rubber glove makers
Malaysia may be home to the world’s top two glove makers, but Top Glove Corp Bhd founder and chairman Tan Sri Lim Wee Chai (pix) has cautioned against taking its position for granted. Malaysia is the world’s largest producing country…
European tyre market set to inflate
The state of various European economies varies significantly, there are signs that the tyre markets are picking up and – if some of the large tyre makers’ recent financial reports are anything to go by – premium tyre sales are…
Pirelli announces progress with 2015 experimental tyres
Pirelli has confirmed it made ‘useful progress’ in the Bahrain tests this week after accumulating over 100 laps of testing with experimental tyres for next season. Overall eight new constructions and six new compounds were tested during the two days,…
GAIL to build PBR rubber plant
Public sector unit GAIL (India) is gearing up to spend about R2,600 crore to set up a poly butadiene rubber (PBR) plant in Gujarat. Currently, Mukesh Ambani-promoted RIL is the only producer of this rubber — highly elastic and stress-resistant…
Rubber farmers in Ghana to form groups to gain support
The Minister of Food and Agriculture (MoFA), Mr. Clement Kofi Humado, on Saturday entreated rubber farmers in the country to form farm groups in order to access technological support to enhance production. He said Ghana has a high potential of…
Nokian launches new winter contracting tyre
This spring, Nokian Heavy Tyres, the specialist in most demanding environments, is introducing a new winter contracting tyre for winter road maintenance and snow clearing. Nokian Hakkapeliitta TRI introduces totally new technologies and user benefits to the market of winter…
MRF launches new aircraft tyres
After consolidating its presence in the automobile industry, MRF is now rolling out tyres for Indian Air Force Sukhoi-30 range of aircraft. MRF Chairman and Managing Director K M Mammen, Air Vice Marshal J K Singh and Aero Director General…