Shares in Japanese tyremaker Sumitomo Rubber dropped more than five percent Friday morning after US partner Goodyear said it was dissolving the firms’ longstanding alliance over allegations of anti-competitive behaviour. The Tokyo-listed stock finished the morning session down 5.39 percent…
Category: Industry News
Price fluctuations turn rubber barons into common man
Anybody from outside Kerala visualizes the image of a planter from the rubber district of Kottayam as someone wearing branded clothes, living in a posh house, spending lavishly on food and jewellery and driving a swanky car, which he changes…
Goodyear Tire & Rubber earnings projected to increase
Wall Street is high on Goodyear Tire & Rubber, expecting it to report earnings that are up 62% from a year ago when it reports its fourth-quarter earnings on Thursday, February 13, 2014. The consensus estimate is 63 cents per…
Continental named tyre manufacturer of the year
An international jury also praised the company for the recycling of rubber from end-of-life tyres in conjunction with the retreading of truck tyres at the ContiLifeCycle plant in Hanover. The award was presented at a ceremony held at the Tyre…
China, tyre makers buy as calls to limit sales fall on deaf ears
Main rubber consumer China and tyre makers purchased several cargoes for nearby shipment this week after prices sank to multi-year lows, with producer nation calls for dealers to limit sales falling on deaf ears, traders said on Wednesday. Tyre grades…
Chinese rubber imports rise 23 percent in January
Chinese rubber imports climbed nearly a quarter in January from the year before, customs data showed, even as inventories held by the world’s biggest buyer of the material continued to swell. Imports rose 22.7 percent year on year to 480,000…
Rubber exporters in Thailand to avoid selling below cost
Rubber shippers from Thailand, the largest producer, pledged to avoid selling below output costs as suppliers in Asia take steps to halt a slump in prices of the commodity used in tires. Futures reached a one-week high. Exporters should not…
Hartalega draws mixed forecasts after reporting lower 3Q profit
Analysts are mixed in their views over Hartalega Holdings Bhd’s future earnings after the glove company, the darling of many analysts, reported weaker results for its third quarter (3Q) in the current financial year. Yesterday, the group said its 3Q…
Rubber group urges members to halt sales to stem price fall
The Southeast Asian cartel that controls the majority of the world’s rubber production urged its members not to sell the commodity to help stem a 20% plunge so far this year. Natural rubber, used to make items from tires to…
Conti fuel-efficient trailer tyre debuts
Continental Tires the Americas L.L.C. has added the Conti EcoPlus HT3 for long-haul trailer axles to its portfolio of truck tyres, touting its cost effectiveness, fuel efficiency, long service life and retreadability. The Conti EcoPlus HT3 is the latest edition…