Hankook Tire Co., South Korea’s leading tyre maker, said Tuesday its fourth-quarter operating profit moved up 14.6 percent from a year earlier, helped by growth in sales of high-value added products. Operating profit, a key indicator of business performance, came…
Category: Industry News
Continental embarks on TPMS function production – Further development on the cards
The leading tyre maker, Continental Tyres, has declared that it has begun series production of a novel feature – ‘Filling Assistant’ – pertaining to its TPMS system. This new feature will ensure that tyres run only on correct pressure always,…
Rubber glove shares rise on bird flu, weaker ringgit
Shares of Malaysian rubber glove manufacturers rose as much as 3% on news of bird flu outbreaks in China and South Korea. Stocks like Supermax Corp Bhd, Kossan Rubber Industries Bhd and Hartalega Holdings Bhd have also gained as the…
Kerala mulls rubber procurement
Kerala plans to procure rubber from the open market to meet the demand from its production units, Chief Minister Oommen Chandy informed the state assembly Tuesday. Responding to a calling attention motion, Chandy told the assembly that fall in rubber…
Yokohama combines Japanese retreading operations
In order to strengthen its Japanese-market retreading activities and meet an anticipated increase in demand for retreaded tyres, on Jan. 1 2014 Yokohama Rubber integrated its two domestic retreading businesses into a single entity. The new Japanese retreading company is…
Kossan to double production capacity
Kossan Rubber Industries Bhd (Kossan) expects to double its gloves production capacity to 32 billion pieces a year by 2017 to meet the rising demand. The production expansion is also expected to sustain its earnings growth by 20 to 25…
Rubber price expected to ease next week
Malaysian rubber prices are expected to be on a downtrend next week due to lack of demand from the world’s biggest rubber consumer, a dealer said. Chinese investors had started to pull out of the market ahead of the Lunar…
IRSG adds two to panel of associates
The International Rubber Study Group added Hainan Rubber Industry Group Co. Ltd. and Tire Industry Research to its panel of associates. Haninan was founded in 2005 and is based in Haikou, China. Hainan’s business covers the cultivation, processing and sale…
Two-wheeler tyre market in Indonesia 2014-2018: the penetration rate of two-wheelers in the country has reached over 90%
Research and Markets has announced the addition of the “Two-wheeler Tyre Market in Indonesia 2014-2018” report to their offering. The analysts forecast the Two-wheeler Tyre market in Indonesia to grow at a CAGR of 17.98 percent over the period 2013-2018.…
Reifen sponsor BRV eyeing own trade show
There may be competing tire industry trade shows in Germany in the coming years if the German Tire Trade Association, BRV, goes ahead with plans to establish its own show, starting in 2018. These plans, disclosed recently by the BRV,…