CHINA-based Aeolus has confirmed its ambition to become one of the top 10 tyre makers in the world General Manager Wang Feng said that their company’s goal is to even top the likes of South Korea’s Hankook Tyre Company in…
Category: Industry News
Cooper Tire and partners review guayule polymer project
COOPER Tire & Rubber Company, Yulex Corporation, Arizona State University (ASU), and the Agricultural Research Service (ARS) of the U.S. Department of Agriculture (USDA), partners for the guayule polymer development for tyres project met recently at the Cooper Tire &…
India mulls import levy hike on natural rubber
The Indian government has been considering increasing import duty on natural rubber (NR), according to Commerce and Industry Minister Anand Sharma. The country imports NR from Malaysia, Thailand and Indonesia. Advise on the increase will be issued soon, as recommendation…
FDA issues labeling guide for non-NR-containing medical products, packaging
THE Food and Drug Administration (FDA) has issued a medical product guide for labeling medical products that do not contain natural rubber latex. According to FDA, the purpose of the document, appearing March 11 Federal Register, is to make recommendations…
IRSG predicts a decade of opportunity for tyre makers
DURING the opening of the Tyrexpo Asia 2013 held 19 March in Singapore, a key official of the International Rubber Study Group (IRSG) predicted strong global demand for tyres through the coming decade. Speaking as principal guest at the show,…
Cabot unveils new brand identity, product incubator
CABOT Corp. has unveiled a new corporate brand identity that emphasises the company’s strengths as a global leader in specialty chemicals and performance materials. “Our customers choose Cabot because they understand we provide more than just a product,” said Patrick…
RTA welcomes Salvadori into its fold
MACHINE manufacturer Salvadori Srl has signed up to the US-headquartered Retread Tire Association (RTA) as its 300th member. Harvey Brodsky, Managing Director of RTA welcomes teh addition to the RTA fold, saying that other members will also benefit from their…
Synthos on a high
Synthos SA, the rubber maker controlled by Polish billionaire Michal Solowow, surged to an 11-month high after proposing a record dividend. The manufacturer of synthetic rubber used for production of tyres will return to its owners a total of US$315…
Continental achieves higher sales, amidst a gloomy outlook
German firm Continental Corporation has set new records last year, against the back of a difficult market environment, achieving a profit of EUR1.9 billion and 7.3% higher sales to EUR32.7 billion and EUR25 billion in incoming orders. The firm says…
Import levy hike will only benefit China, Indian rubber groups warn
THE government’s proposed 70% import tax hike for natural rubber (NR) is nor welcomed by tyre and non-tyre manufactures in India. They allege that it will further harm the local manufacturing sector, conversely giving competitive edge to importers of finished goods, like China.