Indian firm Aditya Birla Nuvo has decided to sell its carbon black business to a group company, SKI Carbon Black (India), for about US$26 million as part of its plan to exit the business in the near future. An option…
Category: Industry News
KKR to acquire Indian Alliance Tire
American private equity company KohlbergKravis Roberts (KKR) is set to purchase a 90% stake in specialised tyre maker Alliance Tire Group from rival private equity fund Warburg Pincus and owner Yogesh Kumar Mahansaria for US$650 million, including a debt of…
Kultevat and KeyGene work on dandelion rubber
US-based biotech company Kultevat and KeyGene, a biotech company from the Netherlands, have entered into collaboration for production of rubber based on the Russian dandelion. This plant has demonstrated potential as a domesticated crop for the US and Europe; the…
World Rubber Summit to kick off with experts from top firms
THE International Rubber Study Group (IRSG) has announced details of the upcoming World Rubber Summit 2013 . Speakers from leading firms like Apollo, Bridgestone, HSBC, Olam, Pirelli and Versalis will be headlining in the event. Key experts from the global…
China to produce more consumer tyres, weans from truck segment
A RECENT report by Bloomberg indicated that natural rubber demand in China will be focusing on producing consumer tyres and shifts away from the heavy equipment and truck tyre segments. Shen Jinrong,Chair of the Hangzhou Zhongce Rubber Co. said in…
Bridgestone Michelin leaders in branding
According to UK brand valuation and marketing firm Brand Finance, Bridgestone is the world’s most valuable tyre brand, followed closely by Michelin. Brand Finance puts the global value of the Bridgestone brand at US$4.45 billion and that of the Michelin…
Yokohama’s tyre plant in China receives government aid
Japanese tyre maker Yokohama Rubber’s tyre production unit in China, Hangzhou Yokohama Tire, has received grants-in-aid totalling RMB13.47 million for the period from December 2012 to March 2013 from Hangzhou City and the Hangzhou Economic and Technological Development Zone (HEDA).…
Michelin expects Indian output by mid-2013
Having delayed its plant launch in India from 2012 to 2013, French tyre maker Michelin says it expects to roll out truck radial tyres “some time” during the middle of 2013. “Production will start during the middle of this year.…
RMA backs Texas bill on used tyre sales ban
US-based Rubber Manufacturers Association (RMA), the national trade organisation for tyre manufacturers is supporting a senate bill introduced by a Texan delegate, banning the sale of used tyres. SB 459, introduced by Senator Jose Rodriguez is prohibiting the sale of…
Asian market prospects highlight in tyre industry conference
THE EU tyre labeling regulation (EC/1222/2009), which is conjured to drive growth of the global green tyre market to reach US$70.6 billion by 2017; potentials for increasing sales of passenger and commercial vehicles and for replacement tyres (13.4% increase of…