The Yokohama Rubber Co., Ltd., announced that it held a groundbreaking ceremony in June for its new marine products plant at the Kabil Integrated Industrial Estate near the east coast of Indonesia’s Batam Island. The ceremony was sponsored by the…
Category: Industry News
Demand for Chinese natural rubber predicted to rise
Demand for natural rubber (NR) in China is forecast to grow at 6.5 percent per year, according to research by ReportsnReports. In its report, “Research and Forecast of China Natural Rubber Industry, 2014-2018,” market research firm ReportsnReports estimates that the…
Hankook reports operating income drop in Q2
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…
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…