Global rubber prices tumbled towards their weakest in more than four years on Wednesday, as plans by top producer Thailand to sell the commodity it had purchased from farmers to support prices ratcheted up pressure in an already depressed market.…
Category: Industry News
Indian tyre sector restates demand for national rubber policy
The Automotive Tyre Manufacturers Association (ATMA) has reiterated its demand for a comprehensive national rubber policy on the lines of auto sector policy in the country. This was raised at the meeting the tyre industry leaders had with Amitabh Kant,…
Malaysian rubber prices continues to plunge
Malaysian rubber prices continued to trend lower due to lacklustre demand for the commodity on the back of a stronger ringgit, a dealer said. He said China’s negative manufacturing data for April dampened buying sentiment. The Malaysian Rubber Board’s official…
Nokian Tyres expects growth in all markets
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…
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…