Houston-based Continental Carbon Co. has reached US$98 million settlement with the U.S. Justice Department and Environmental Protection Agency on Monday after the EPA sued over alleged Clean Air Act violations at the company’s Ponca City carbon black manufacturing plant, as well as…
Category: World News
Europe, Australia, Americas, Africa rubber news
European Factors to Watch-Shares to edge up; Holcim-Lafarge in focus
European shares were indicated to edge higher at the open on Friday, setting up an index of euro zone blue chips for its seventh consecutive weekly gain. Futures for the Euro STOXX 50 equity index, Britain’s FTSE 100 , Germany’s DAX and France’s CAC were…
Tyre business owner jailed for illegally storing tyres
The owner of a tyre business has been jailed for 15 months, suspended for two years, after illegally storing almost 85,000 waste tyres at sites in Devon. Andrew Mayhew admitted five offences at Plymouth Crown Court of running a waste…
Kenyan tyre maker Sameer swings into 2014 loss
Kenyan tyre maker Sameer said on Wednesday it swung into a loss in 2014, hurt by competition from subsidised imports into Kenya and political unrest in some of its export markets. Sameer, which had issued a profit warning in August…
Delphi has been named as one of the world’s most ethical companies
For the third year, Delphi Automotive PLC (NYSE: DLPH) has been named one of the “World’s Most Ethical Companies” for fostering a culture of ethics and transparency at every level of the company. The recognition was given by the Ethisphere…
European Union and African Union met to explore market potentials
BRUSSELS – The European Union and the African Union met in Brussels recently to discuss the infrastructure needs of the raw materials industry in Africa, with a particular focus on the Minerals Sector. Experts from Members of the African Union,…
Automotive innovation centre launched in UK
Tata Group Chairman Emeritus Ratan Tata on Tuesday laid the foundation stone for a new 150-million pound automotive innovation centre, planned as the largest research facility of its kind in Europe, to create the next generation of vehicles for the…
More communication needed between UK auto buyers and suppliers
The opportunity for domestic vendors to supply components to UK vehicle manufacturers is being held back by “information failure”, according to a report. A study by the Automotive Council found British buyers and sellers were often unaware of each others’ requirements, inhibiting…
Automotive Relay Market Global and China Analysis for 2015-2018
This research says in 2014, the automotive relay industry of China registered revenue of about RMB3.5 billion, soaring6 6.7% from RMB2.1 billion in 2010. It is expected the CAGR for 2015-2018 will remain above 20%. Global automotive relay market is dominated by TE Connectivity, Panasonic, LS, Omron,…
Turkish automotive exports increase 32 %
Automotive Manufacturers’ Association says growth will continue through the year. Turkish automotive exports surged 32 % in the first two months of the year, the Automotive Manufacturers’ Association said in a statement on Thursday. From January to February 2015, auto exports reached 99,000 according to the statement.…