Tyre manufacturer Falken Tyre Europe GmbH has joined TyreSafe as part of a continued focus on tyre safety. The firm was spurred on by the alarming results from its own tyre safety survey at a primary school where over 30%…
Category: Industry News
Russia’s tyre market witnessing high growth in the OTR segment as a result of growth in Russia’s mining industry
Research and Markets has announced the addition of the “Russia Tyre Market Forecast & Opportunities, 2018” report to their offering. Russia is the one of the best performing economies in Europe and the country’s disposable income is increasing fast. However,…
Local firms look to make tyres for big vehicles
Local companies have moved to make tyres for long-haul buses and trucks, a sector that is dominated by imports. Gazi Tyre, a concern of Gazi Group, is the first to make large tyres for the rapidly growing transport sector. “We…
India’s natural rubber prices hit 4 year low on supply-dealers
Natural rubber prices in India, the world’s fourth-biggest producer, dropped to their lowest level in nearly four years on Thursday on ample supplies and a fall in overseas prices. Lower prices would bring down raw material costs for tyre makers,…
DEH welcomes tyre solution
The Department of Environmental Health (DEH) says it welcomes local business efforts to take away the millions of tossed tyres at the George Town landfill. Dr. Maysson Sallam says government will likely have to issue a new tender if it…
Brenntag opens dedicated Rubber service facility in Italy
Brenntag, the global market leader in chemical distribution, has opened a new specialized Rubber service facility in Orbassano (Turin), a strategically ideal location close to the national automotive industry in Italy. In an international expanding Rubber industry, this new site…
Details of new Tire Cologne announced
Between May 29 and June 1 2018, a new exhibition aimed at the international tyre industry will take place in Germany. “The Tire Cologne”, as the show will be called, will be supported by current Reifen show main sponsor the…
Nitrile gloves continue to show better margins
GLOVE makers are continuing to ramp up production of nitrile gloves as they compete for market share in the high-margin product in order to satisfy European demand and offset the recent hike in energy prices. The “big four” glove makers…
SGX proposes changes to benchmark SICOM Rubber
Singapore Exchange (SGX) celebrates the 20th Anniversary of its global benchmark SICOM Rubber Futures this year, on the back of multiple records achieved in 2013. From production to trading, rubber had its roots firmly planted within Singapore from the early…
Rubber futures slip into bear market as China’s inventory rises
Rubber futures in Tokyo fell into a bear market as stockpiles in China swelled to a nine-year high, signaling weakening demand from the largest consumer of the commodity used in tires. Rubber for delivery in June on the Tokyo Commodity…