Kenda Tires and its Middle East partner Varga Trading Co. LLC announced at Automechanika Dubai the Middle East debut of the new Kenda KR-50 crossover-utility vehicle (CUV) tyre. Automechanika Dubai takes place June 3-5, 2014. The companies say the KR…
Category: Industry News
Titan signs contract for disposal of tyres
Titan Tire Reclamation Corp. (TTRC), a subsidiary of Titan International, Inc., has been in negotiations with various companies in the oil sands for the disposal of OTR tyres and conveyor belting. TTRC will lease ten acres of land from Suncor…
Malaysian firm to invest in Zambia rubber plantation
A malaysian company has expressed interest in acquiring the more than 100-hectare Nchelenge rubber plantation. Luapula Province permanent secretary Chanda Kasolo, who confirmed in an interview recently, said if successful, the acquisition could position the province as a potential hub…
Apollo Tyres yet to finalize European site
Apollo Tyres Ltd. is denying published reports in Europe that it has selected Hungary as the site for the $685 million tire plant it’s planning to build in eastern Europe. Apollo’s board of directors released a statement today stressing that:…
American union files petition against tyre imports from China
For the second time in five years, the United Steelworkers (USW) union has petitioned the International Trade Commission (ITC) for relief against passenger and light truck tyre imports from China. The USW filed its petition June 3, requesting antidumping and…
Nokian gains Import Tire business
Nokian Tyres North America, a member of Nokian Tyres Group, has acquired the tyre distribution business from Import Tire Inc. in Glastonbury, Conn. Import Tire has a turnover of approximately $10 million. The purchase includes Import Tire’s warehouse containing 50,000…
Cost upsurge weigh on Malaysian rubber glovemakers
The plunge in global rubber prices to almost a five-year low currently may seem like a boon to many rubber glove manufacturers given the cheaper raw material that represents nearly half of their total production costs, which could result in…
Yokohama and Kumho extends R&D agreement
Yokohama Rubber Co. Ltd. announced it has signed a cooperative research and development agreement as well as a license and technology exchange agreement with South Korea’s Kumho Tire Co. Inc. The agreements are based on the master technological alliance agreement…
Lanxess CEO prepares company for future realignment
Synthetic rubber producer Lanxess A.G. is facing a difficult time over the next three years as its management seeks to realign the company and counter ongoing market challenges, new CEO Matthias Zachert said. “We are currently facing major challenges, especially…
Kenda Rubber builds truck tyre factory in China
Taiwan’s Kenda Rubber Industrial Co. Ltd. is broadening its scope into the radial truck and bus tyre sector, supported by the firm’s decision to build a dedicated truck tyre factory in China, Kenda Chairman Ying-Ming Yang told Tire Business during…