The market demand for replacement car tyres is expected to show growth in the Nordic countries, Central Europe and North America in 2014. In Russia the clearly devalued Rouble has hurt the economy, thus weakening growth in GDP, sales of new…
Category: Industry News
Michelin redesigns Hungarian tyre production facility
Michelin announced today a project to close its truck tyre plant in Budapest, Hungary In response to the adverse trends and aggressive competition in the European truck tyre market, which remains volatile and 23% down on its historic peak in…
Bridgestone’s ORR tyre plant in the US depends on Penetron durability
Used primarily for large exploration and transport vehicles utilized by the petroleum and energy industries, off-road radial (ORR) tyres can be really BIG. Bridgestone, the world’s largest tyre and rubber manufacturer, previously produced its large and ultra-large ORR tyres exclusively…
Trelleborg plans to build US agricultural tyre facility
Trelleborg has, through its business area Trelleborg Wheel Systems, decided to invest in a production facility for agricultural tyres in the U.S., thereby creating a platform for local presence and growth in North America, and a global position in the…
Conti reports profit rise in the first quarter
Hanover, May 6, 2014. The Continental Corporation posted a strong start to the year, significantly increasing its profits. In the first quarter of 2014, net income attributable to the shareholders of the parent grew by 33.3% to €588 million. Earnings…
Indian gov’t sorting out strategies to save sinking rubber market
With the price of natural rubber hitting a five-year low, various organisations and governmental agencies are now pacing towards a paradigm Shift, sorting out strategies to save the sinking market. The natural rubber procurement process has gained some momentum with…
Kenda Rubber aims for European car tyre market
Kenda Rubber Ind. Co, Ltd of Taiwan is increasing its presence in the European car tire business, focusing particularly on the German market. The strategy is being led from Oldenburg, where Kenda Rubber Industrial Co. Europe GmbH has established its…
Indian rubber market declines due to buyer resistance
Spot rubber prices continued to rule weak on Monday. The market opened on a steady note but lost the initial strength on buyer resistance though there was no selling pressure. While the most active counters RSS 4 and RSS 5…
Rising US automobile exports improves tyre industry
The United States automobile market is the second largest automobile market in the world. About 16 major auto manufacturers such as Chrysler Group LLC, General Motors Co. and Ford Motor Co. are currently operating in the country’s automobile market. Subsequent…
Chrysler 200 models gets Kumho tyres
Kumho Tire U.S.A., announced it will supply original equipment tyres for the 2015 Chrysler 200 line. Select FWD and AWD Chrysler 200 models will be fitted with Kumho’s all-season Solus TA31 in size 235/45R18 94V. The grand touring all-season Solus…