Kumho Tyres, South Korea’s leading tyre maker, is betting big on tyres for full-electric vehicles as the company’s future growth engine. “Years of experience in the EV market will give us a competitive edge when more electric vehicles go into…
Category: Uncategorized
Pirelli announces operating income rise in first quarter
Pirelli & C. S.p.A.’s operating income rose 12.6 percent in the quarter ended March 31 on the positive effects of higher sales, improved pricing and product mix, efficiencies and lower raw materials costs. Sales revenue fell 2.7 percent to $2.04…
Lanxess partners with Ram Charan to assist Indian rubber market
The German specialty chemicals company, Lanxess, has taken a novel initiative towards innovation in partnership with its leading distributor for rubber businesses, Ram Charan Co Pvt Ltd, which is a strategic business partner to leading manufacturers in rubber, plastics, inks…
DTC and Al Dobowi signs tyre deal contract
Dubai Taxi Corporation(DTC) has signed a contract with Al Dobowi Tyres Group for the supply of Korean Hankook tyres for a period of two years to the value of Dh8,350,860 in the first year. Ahmed Khalfan Al Suwaidi, CEO of…
Trelleborg plans to build US agricultural tyre facility
Trelleborg has, through its business area Trelleborg Wheel Systems, decided to invest in a production facility for agricultural tyres in the U.S., thereby creating a platform for local presence and growth in North America, and a global position in the…
Thai government to sell rubber stocks
Thailand will sell its large stock of natural rubber “as soon as possible” before the peak production season, the government said according to the Bangkok Post. “As there is no rubber output in the market at this time it is…
Ceat Ltd reports revenue growth
In spite of subdued single-digit revenue growth, Ceat Ltd posted decent results for the March quarter, in line with expectations on the Street. Lower raw material price and a dip in interest outgo helped clock net profit of Rs.69 crore,…
Top Glove’s shares expected to increase
Top Glove Corporation Bhd’s weaker than expected sales volume growth is seen to have been largely priced in by the market and RHB Research has upgraded it to “buy” call from “neutral”, with an unchanged target price of RM5.67. The…
Versalis plans to extend EPDM rubber plant
Italian chemical producer Versalis is expanding capacity for EPDM rubber at its plant in Ferarra. When the expansion is completed in the second half of 2016, the subsidiary of oil and petrochemicals group Eni said fourth production unit will bring…
Bridgestone accuses Houston retreader of tread design infringement
Bridgestone Americas Tire Operations L.L.C. (BATO) is suing Houston-based retreader TreadWright L.L.C. over an alleged tread design patent infringement. BATO filed its lawsuit in U.S. District Court for the Middle District of Tennessee on April 17 seeking damages and a…