The Competition Commission of India (CCI) issued a final order on August 31, 2018, against Apollo Tyres, MRF, CEAT, JK Tyre and Industries, and Birla Tyres, as well as their association. Automotive Tyre Manufacturers Association (ATMA) for engaging in cartelization…
Category: Industry News
SRI switches to 100% renewable energy for 2 China tyre plants; eyes carbon neutrality by 2050
Sumitomo Rubber Industries Ltd (SRI) has switched to 100% renewable energy at its two tire factories in China (Changshu Factory and Hunan Factory). Furthermore, with plans to set up solar power generators in the second half of the year, these…
Vietnam rubber sector to gain in export, price hike in 2022
A double windfall is on the way for Vietnam’s rubber sector. According to the Ministry of Industry and Trade (MoIT) Agency for Foreign Trade, Vietnam’s export revenue is expected to reach US$3.5 billion in 2022, with rubber prices expected to…
Weir Minerals launches new mill lining rubber compound for mining industry
Weir Minerals, based in the UK, hopes to revolutionise mine site mill operations with a new mill lining rubber compound. Vulco R67 rubber, the company said, is made with proprietary new compounds to provide superior wear life, uptime, and reliability…
Apollo Tyres taps green power for its Chennai facility
Indian tyre maker, Apollo Tyres has ensured green power for its largest manufacturing facility in Chennai, in bid to increase the share of renewable energy to more than 30% of the total for this manufacturing facility. Apollo Tyres has invested…
Demand for NR topped in 2021; slower demand in 2022
Total rubber demand is estimated to recover by 9.4% in 2021 (y-o-y), reaching 29.57 million tonnes, exceeding the pre-pandemic level, according to the December 2021 edition of the World Rubber Industry Outlook (WRIO) published by Singapore-based International Rubber Study Group (IRSG). …
Hankook to supply eco-friendly formic acid to Indonesian rubber farmers
South Korean tyre company Hankook Tire says it is furthering its commitment to enhance the sustainability across its value chain for natural rubber, a primary raw material for tyres, announcing that it will provide formic acid to rubber farmers in…
Sentury to expand to Europe with EUR520 mn Spanish plant
China’s Qingdao Sentury Tire plans to invest EUR523 million to construct a car and light truck radial tyre plant in Galicia, northwest Spain to cater to European demand. The decision to build the plant was approved at a meeting of the company’s Board of Directors…
CECO Environmental to acquire General Rubber
CECO Environmental Corp (CECO), a US-headquartered environmentally focused, diversified industrial company is acquiring industrial flow control leader General Rubber (GRC), a Florida-based company focused in the engineering and manufacturing of non-metallic (rubber) expansion joints and flow control products. The acquisition will…
ZC Rubber Hyundai Commercial Vehicle, expand partnership in China
ZC Rubber, a long-time Hyundai Commercial Vehicle original equipment supplier. is currently providing new truck tire patterns and sizes for a variety of Hyundai long-haul truck models in China. For the past five years, Hyundai Motor Group has ranked fifth among…