The rubber procurement scheme launched by the Kerala Government fails to bring any benefit to the growers as the commodity remains under pressure with the decline of spot rubber prices. The delay in implementation of the scheme, coupled with the…
Category: Industry News
Increased demand for tyres could inflate Goodyear’s stock price
The global marketplace is showing concerns over the Chinese economy’s possible slowdown. A manufacturing report known as the Flash PMI showed a drop in orders to 48.1 – below the 48.7 expected by analysts. Even if China’s economy cools down,…
Continental to launch truck-bus radial tyres
Continental India Limited, expanding its reach in India, had recently acquired Indian tyre manufacturer, Modi Tyres in 2011. According to the officials, the Indian truck tyre replacement market has a volume of approximately 14 million units per year, out of…
Michelin releases world’s largest tractor tyre
It is the world’s largest tractor tyre yet it is unlikely to be a familiar sight on Irish roads for the reason that our farms are insufficiently large to require tractors big enough to use it. Manufactured by Michelin with…
Connell partners with Lehigh in Japan and Korea for rubber powders
Connell Brothers (CBC), the largest distributor of specialty chemicals and ingredients in Asia- Pacific, has partnered with Lehigh Technologies, a US speciality materials company, to market Lehigh’s PolyDyne micronised rubber powders (MRP) to the tyre and rubber industries in Japan…
Rubber Board bets on high quality sheets to curb import of natural rubber
Realising that producing rubber sheets of high quality will help curb import of natural rubber, which is likely to reach a new high of over 3 lakh tonne this year, the Rubber Board has launched a series of branded high…
Bridgestone aims to touch 48 super concept stores by end of this year
Leading tyre and rubber manufacturer Bridgestone today said it plans to open eight more super concept stores in various parts of the country by the end of this year to take the total to 48 by December. “Bridgestone presently has…
Rubber revolution: Essential farm tyre round-up
Fuel efficiency demands make tyre pressures a big deal in modern-day farming and most of the major manufacturers have been flexing their rubber-making muscles in the past few months, as Oliver Mark reports. Michelin and Bridgestone Michelin demonstrated its firm…
CIMB Research maintains hold on Top Glove
CIMB Equities Research is maintaining its Hold recommendation on Top Glove and prefers Kossan which is its top pick in the glove manufacturing sector. It said on Friday Top Glove’s earnings growth will continue to be under pressure due to…
Tyres import causing loss of Rs5 billion to exchequer
The import of under-invoiced tyres continues unabated, rendering a massive loss of five billion rupees every year to national kitty, an industry source told The News on Thursday. Khurram Suriya, proprietor of Suriya Motors, said the import of tyres under…