German automotive supplier and tyre maker Continental has concluded an agreement with The Carlyle Group based in Washington D.C., US, relating to the purchase of Veyance Technologies based in Fairlawn, Ohio, US for approximately EUR1.4 billion. Veyance operates globally in…
Category: Industry News
Righteous Rubber Roofing now offering thick, durable 90 Mil EPDM roofing for sale to public
EPDM membrane is an industry favorite for easy-to-install roofing in both the commercial and residential sectors. This type of roofing rubber can be used for flat roofs or low-slope roofing. Key features that make EPDM the most popular rubber roofing…
Finnish tyre maker Nokian Renkaat sees growth in 2014
Finnish tyre maker Nokian Renkaat said it expected to increase both sales and profits in 2014 as demand in Russia, its key market, recovers sligthly from a slump in 2013. The leader in the Russian and Nordic winter tyre markets…
Apollo Tyres says yes to Eastern Europe, Asia, and no to China
It appears to be a case of once bitten, twice shy for Apollo Tyres. Following its experience with Cooper Tire & Rubber, and particularly its joint venture subsidiary Cooper Chengshan, the Indian tiremaker seems ready to give China a wide…
Rubber inventories in producing countries set to decline: IRCo
Rubber stockpiles in Thailand, Indonesia and Malaysia are low and may decline further when the low-production season starts, International Rubber Consortium Ltd. said in statement on its website. Inventories available for sale in the three countries are “low contrary to…
MRF profit drops to Rs.179.89 crore in December quarter
Tyre maker MRF Ltd’s latest quarter profit came in much below estimates mainly as rising employee costs ate into gains from declining raw material expenses. Net profit dropped to Rs.179.89 crore in the three months ended December from Rs.180.22 crore…
JK Tyre launches an integrated brand campaign
JK Tyre & Industries has recently launched a 360 degree brand campaign that aims to clearly position the brand as a premium superior quality offering. The core of the campaign is rediscovering and reconnecting relationships with family and friends, that…
Exclusive Treadsetters PCR brands include Hifly HP tyre
UK and European wholesaler Treadsetters offers two exclusive passenger car tyre brands in a range of patterns up to ultra-high performance sizes. The distributor says its high performance Hifly HF805 tyre incorporates a tread pattern designed to provide improved steering…
Rubber price extend losses
The Malaysian rubber market extended its losses today as the ringgit strengthened against the US dollar, a dealer said. She said rubber prices were also influenced by disappointing economic data from the United States which sparked fears of slowing growth…
Enjoy Tyre’s Rotalla brand central to growth programme
Contract tyre manufacturer Enjoy Tyre was formed a decade ago this year, and the company is viewing 2014 as an important milestone in developing its profile in the UK and Europe. Central to this is the Enjoy’s Rotalla passenger tyre…