Shandong Province, home to about 70 tyre manufacturers, would be seriously impacted if U.S. anti-dumping tariffs are passed, according to Fang Xiaojie, head of the fair trade division of the Department of Commerce of Shandong Province. In 2013 Shandong exported…
Category: Industry News
Toyo earns victory in design patent complaints
The U.S. International Trade Commission (ITC) has issued limited exclusion orders and cease-and-desist orders against eight U.S. importers/distributors of tyres that Toyo Tire Holdings of Americas Inc. claims are infringing on Toyo patents. The ITC’s ruling prohibits the importation and…
Michelin reports net income increase, sales revenue fall
Michelin Group reported a 23.1-percent jump in net income in the first half of fiscal 2014 despite a 4.8-percent drop in sales revenue. The tire maker said operating income before non-recurring items was essentially unchanged at $1.6 billion, or 12…
Lexus NT gets Yokohama tyres
Two Yokohama tyre lines have been selected as original equipment on the new Lexus NX, the first Lexus premium compact crossover SUV. The BluEarth E51 and Geolandar G91 will be available in the following OE sizes, which vary by country.…
Goodyear Tire & Rubber anticipates profit upsurge
Analysts expect higher profit for Goodyear Tire & Rubber when the company reports its second quarter results on Wednesday, July 30, 2014. The consensus estimate is calling for profit of 80 cents a share, reflecting a rise from 76 cents…
East Asia imports butadiene from Iran, India as supply toughens
Platts reports, “East Asian countries, especially South Korea and Taiwan, are increasingly importing butadiene cargoes from Iran, India and Southeast Asia as supplies within the region have been tight for a while, trade sources said this week. About 9,000 metric…
Natural rubber producer sinks into the red as rubber prices fall
GMG Global’s shareholders must be scratching their heads over the group’s disappointing 1H14 results. The mainboard-listed firm registered a net loss attributable to shareholders of S$14.8 million in the first half of the year, on the back of continued weakness…
Karnataka to emerge as the second largest producer of rubber in India
A consortium of Karnataka Rubber Producers’ Societies came into being here on Thursday. After inaugurating the consortium, Rubber Board chairperson Sheela Thomas said Karnataka had the potential to emerge as the second largest producer of rubber in the country after…
Indian rubber growers suffers huge loss due to the poor quality saplings
Around 75,000 registered rubber growers have been identified in the six districts of Karnataka, viz., Dakshina Kannda, Udupi, Uttara Kannada, Shimoga, Kodagu and Chikmagalur, where the crop is substantially grown. But nowhere in the state is a nursery set up…
Tanzanian gov’t scouts for new investor to revive GTEA plant
Germany tyre manufacturer Continental AG has finally agreed to offload its 26 per cent stake in the once thriving General Tyre East Africa (GTEA), hence giving a leeway to the government of Tanzania to scout for strategic investor to revive…