Tireco Inc. has added the MS597 Steelpro professional series to its Milestar brand. The MS597 is designed for heavy duty commercial light truck applications. The company says the MS597 excels in carrying intensive loads and resisting cuts, punctures, and tears.…
Category: Industry News
Trelleborg launches European tyre dealer programme
Trelleborg Wheel Systems has taken its European Interfit industrial tyre dealer support programme to North America, reports Tire Review. Officially launched on March 31, Interfit gives industrial tyre dealers the “opportunity to expand their business, generate more revenue and reach…
Rubber decline as China economic growth decelerate
Rubber futures in Tokyo and Shanghai declined to the lowest level since 2009 on concern that slowing economic growth in China will reduce demand from the top user amid a global surplus. The contract for delivery in September on the…
Resilient Technologies grows after Polaris acquisition
Wisconsin-based Resilient Technologies has made a name for itself in recent years as a developer of non-pneumatic, airless tyres. Minnesota-based Polaris Industries, known as a manufacturer of snowmobiles, all-terrain vehicles and motorcycles, purchased Resilient Technologies in April 2012. Upon acquiring…
Amber Chemical silicones group, taken over
A Somerset-based manufacturer of speciality silicones has been taken over. Amber Chemicals, which operates out of Bridgwater, was bought by Michigan-headquartered manufacturing giant ICM. The Amber Chemicals group comprises ACC Silicones, Quantum Silicones, Amber Silicones (Tianjin), Treco Srl and Siovation.…
Global rubber surplus exceeded estimate
A surplus in the global natural-rubber market this year will be 78 percent more than estimated in December as demand growth weakens and production in Thailand surpasses forecasts, according to The Rubber Economist Ltd. The glut is seen at 652,000…
Natural gas hike in Malaysia affects rubber glove sector
Analysts are mixed on the impact of the price hike of natural gas towards the rubber glove sector, dependent on whether the costs are passed on to customers. The research division at TA Securities Holdings Bhd (TA Research) believed the…
Apollo Tyres expecting an increase in export revenue
Apollo Tyres is expecting 50 per cent increase in export revenue from Asia Pacific, West Asia and North African markets in this fiscal, according to President Satish Sharma. The region contributes around 11 per cent of the company’s turnover of…
European tyre market unrolls high tyre sales in Q1 2014
The European Tyre and Rubber Manufacturers Association (ETRMA) recently released figures of its members’ sales in the first quarter of 2014. Compared to the very low start of 2013, ETRMA members garnered a double digit growth almost in all tyre…
Indag Rubber sales declined
Net profit of Indag Rubber declined 3.21% to Rs 6.34 crore in the quarter ended March 2014 as against Rs 6.55 crore during the previous quarter ended March 2013. Sales declined 0.50% to Rs 55.64 crore in the quarter ended…