Hankook Tire Co. Inc. suffered 7.4- and 11.2-percent drops in operating income and sales, respectively, for the second quarter of fiscal 2014. Hankook, the world’s No. 7 tyre maker, did not elaborate on the reasons for the declines or provide…
Category: Industry News
Sri Lanka to host GRC 2014
Sri Lanka has been selected to host the Global Rubber Conference (GRC) 2014, the three-day international event from 27 to 30 October in Colombo. Co-organised by the Sri Lanka Export Development Board (SLEBD) and CONFEXHUB, GRC 2014 is supported by…
Dow Corning’s TPSiV elastomers shows positive results in medical tests
Dow Corning, a global leader in silicones, silicon-based technology and innovation, announced today that its TPSiV 4000 and TPSiV 4200 Thermoplastic Elastomers (TPEs) have been shown to be safe for skin contact applications in two independent medical test protocols. The…
US duties would affect Shandong tyre manufacturers
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…
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…