UK’s Tyre Recovery Association (TRA) has added a quality protocol option standard to facilitate the re-use of materials recovered from scrap tyres. The new option will accompany the existing publicly available specification (PAS) 107:12 covering the manufacture and storage of…
Category: World News
Europe, Australia, Americas, Africa rubber news
Rubber Manufacturer Association forsees drop in US replacement tyre shipments
The (RMA) predicts total tyre shipments in the US will increase to more 310 million units in 2015 but expects demand for replacement passenger tyres to drop by 1.2 million units in 2015 compared to 2014. Total US tyre shipments…
Russian tyre plant achieves one-year loan approval with Kordiant
Yaroslavl Tyre Plant OJSC Concludes one-year loan agreement with Kordiant for up to 1 billion roubles ($17.7 million) at no more than 25 pct per annum.
Zimbabwe reports downturn in NTS tyre units
National Tyre Services (NTS) has recorded a decline in units of new tyres during the year ended September 20 2014 due to the decline in consumer demand. In a statement accompanying the group’s results, NTS said the liquidity constraints, declining…
Kumho obtains approval to resume Georgia rubber plant construction
Kumho Tires (CEO Kim Chang-kyu) obtained approval from its creditors to resume the construction process of its manufacturing plant in Macon, Georgia. The company is planning to invest US$413 million in the facilities to create an annual production capacity of…
Global industrial rubber products demand expected to boost
Worldwide demand for industrial rubber products is projected to rise a healthy 6.6 percent annually to $158 billion in 2018. Sales will be boosted by an acceleration in fixed investment expenditures and expanding durable goods output. Also contributing to value…
Bidding process for Giti SC plant to resume
The bidding process for Giti’s Chester County, S.C., plant can resume following a ruling by the state Court of Appeals. Last week a judge declined to hear an appeal that would stop the county from hearing bids it had already…
BKT builds new facilities in North American
TyrePress reports, “To accommodate its growing presence in the North and Central American markets, BKT Tires Inc. recently opened a new premises dedicated to the OTR sector and has extended its team with two key appointments. The Balkrishna Industries company…
American Synthetic Rubber pays penalty due to butadiene leak
A Rubbertown chemical plant has agreed to pay a $27,000 penalty to the Louisville Metro Air Pollution Control District. District officials brought the enforcement action against American Synthetic Rubber Co. after documenting multiple excess releases o fbutadiene and toluene on…
US amends tariff rates on Chinese tyres
The US Department of Commerce amended its countervailing duty rates for passenger vehicle and light truck tyre from China to correct ministerial errors, according to reports. The errors occurred when the department included Giti Tire Fujian Co. Ltd. and Cooper…