Key benchmark indices retained positive zone in afternoon trade. The barometer index, the S&P BSE Sensex, was up 57.07 points or 0.28%, up close to 120 points from the day’s low and off about 10 points from the day’s high.…
Category: Industry News
Recovery in rubber industry’s growth is imminent: Sheela Thomas
Current low rubber prices and declining demand for its products is a matter of concern but growth of rubber industry has always been cyclical and recovery is “imminent”, Rubber Board Chairman Sheela Thomas said today. “Every industry passes through perils…
British racing ‘will suffer’ if Dunlop tyre factory closes
The £9 billion motorsport industry will be hit hard if Goodyear Dunlop presses ahead with plans to close its Birmingham tyre factory, manufacturers and politicians have warned. Proposals to shift production of high performance tyres from the Dunlop Motorsport factory…
Yokohama invests Rs 300 crore in first Indian plant
Yokohama opened its first tyre manufacturing unit in India at Bahadurgarh in Haryana with an investment of over Rs 300 crore. The first phase of production is expected to start in the second half of 2014 with a maximum production…
WTB adds Nano gravel tyre
WTB has a new, gravel-specific tyre, the Nano 40c, which boasts a plump 40mm casing, a rounded profile and a center-line tread pattern designed for riding and racing road bikes on gravel and dirt roads. WTB debuted the tire at…
Absence of China in global market caused fall in rubber price
The continuing slowdown in the European and the US economies apart, Chinese withdrawal from the global market before the end of December had fuelled the current fall in natural rubber price, said Rubber Board chairman Sheela Thomas here on Wednesday.…
Malaysia willing to provide expertise in developing rubber estates in Cambodia, says Muhyiddin
Malaysia is prepared to share its expertise with Cambodia to develop the rubber plantation sector and padi processing in that country, said Tan Sri Muhyiddin Yassin. The Deputy Prime Minister said that as a country with fertile land and extensive…
Specialized rolls out 650B (27.5in) tyres
Specialized has added four new tyres to its website in a size that — until now — the company hasn’t supported. Specialized will dip its toes into the 650B (27.5in) pool with the standard Ground Control (27.5×2.1in); the XC-oriented S-Works…
China’s rubber boom obliterates southern forests
A major increase in sales of car tires in China is being driven forward by a burgeoning middle class. Many of the tires are made from local rubber. That’s good for business, but bad for the environment. A generation ago,…
Hankook US production to start in 2016
Hankook Tire Co. Ltd. expects to break ground later this year on its US passenger and light truck tyre plant in Clarksville, Tenn., according to Byeong Jin Lee, president of Hankook Tire America Corp. Speaking to tyre dealers gathered for…