Rubber advances following a drop in prices to a one-week low and crude oil near the highest level since September boosted the appeal of the commodity used in tyres.
Category: World News
Europe, Australia, Americas, Africa rubber news
European replacement tyre market contracts
The European Tyre and Rubber manufacturers association published today figures concerning its members’ sales in 2012. After two consecutive positive years – in which the total market expanded despite a decrease of European producers’ market share – the EU producers’ figures dropped in 2012, confirming that the economic crisis is far from being over.
Rise in US tyre demand is likely , says tyre firm boss
DEMAND for Commercial tyres is expected to increase slightly in 2012 due to more supply-demand equilibrium, according to a Yokohama executive. The forecast is aligned with the Rubber Manufacturers Association’s (RMA) projection of 2% increase from 2012 to 16.3 million…
US auto sector to hoist the economy
WITH new vehicle sales topping 15 million this year in the US, the auto sector is likely to become one of the key drivers for the economy’s recovery, opined a market research analyst. Anthony Pratt, director of forecasting for the…
Lanxess’s TRP business unit split in two
“The successful strategic development of EPDM to make us a global market leader and the specific features of all TRP business necessitate this split into two business units,” says former BU TRP head.
K&M buys Michigan Tire
US tyre wholesaler K&M Tire has acquired tyre dealer Michigan Tire & Wheel , following the completion of the deal on December, 2012. This is K&M’s third acquisition for 2012. K&M will be servicing its new dealer customers from its…
Mitas recalls E-07 motorbike tyres
The tyres, which were sold to customers mostly in Europe and North America, are said to lose air pressure, hence the recall
Conti US plant to be up ahead of schedule
THE construction of Continental Tire of the America’s US$ 500 million-worth Sumter tyre plant is expected to be completed ahead of schedule. The site, which will begin production in late 2013 or early 2014, can produce 8 million passenger and…
F1 teams ready for the new Pirelli tyres in 2013
The features are expected to deliver extra performance within a wider working range, due to increased cornering grip.
Rubber Association of Canada moves to new office
THE Rubber Association of Canada has moved to new offices, announcing the dates of the 2013 biennial Tyre and Rubber Summit. The association, now a floor down from its previous office at Argentia Road in Mississauga, Ontario has announced that…