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…
Category: Industry News
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…
Toyo Open Country AT II tyres
All of us have benefitted from 21st Century tyre technology. While there are very few tyres available today that don’t work, there are some that deliver outstanding performance. For the off-roader, that usually means a mud terrain tyre that has…
French tyre maker Michelin’s net income slides 24 percent
French tyre maker Michelin reported a 24 percent fall in 2013 net profit as volatility in foreign exchange markets hit its earnings. The manufacturer’s net profit came in at 1.13 billion euros, below forecasts of 1.37 billion euros in a…
EWS unveils lower carbon tyre recycling process
A tyre recycling process designed by Environmental Waste International emits 12,166 metric tons fewer carbon dioxide equivalents compared to incineration, and 3,136 metric tons fewer CO2e compared to the production of crumb rubber, according to results reported by consultancy Pinchin…
Ceat’s future performance treads on low rubber prices
Ceat Ltd had a good run in the December quarter, riding on the tails of a marketing push aided by lower raw material prices and healthier growth in the original equipment segment. The company’s net sales increased by 15% from…
Top Glove upgraded to Buy, unch TP of RM6.32
UOB Kay Hian Malaysia Research has upgraded Top Glove to a Buy with an unchanged target price of RM6.42 as it will benefit from falling latex prices and is set to capture additional demand from a possible avian influenza pandemic.…
Rhein Chemie joins Tire Technology Expo
Under the motto , “125 years of focusing on the future. For a world in motion, Rhein Chemie, a wholly owned subsidiary of the specialty chemicals group Lanxess, has presented its comprehensive portfolio of innovative solutions for tyre manufacturers at…