Research and Markets estimates the tire market in India will grow at a compounded annual growth rate (CAGR) of 12% between 2011-2015. One of the key factors contributing to this market growth is the growing demand for automobile products. The…
Category: World News
Europe, Australia, Americas, Africa rubber news
Yokohama signs UN global compact
Yokohama Rubber has signed onto the United Nations Global Compact, an initiative encouraging companies to conduct their business activities with sustainability and responsibility. Yokohama said it embraces and will support and observe the global compact’s 10 principles of corporate social…
Car sales in China up 22.6% YoY
Car sales in China rose 22.6% in May from a year earlier, extending the double-digit gain made in the previous month, as new models premiered at April’s Beijing Autoshow started to hit the showrooms. In May a total of 1.28…
Rubber falls on excess supply, tepid demand
Natural rubber prices crashed last week on concerns of excess supply and lower demand. While a drop in global prices has made imports attractive despite rupee depreciation, tyre companies are worried over the sluggish demand in the automobile sector. INDIA –…
Meeting OTR tyre shortage
US-based Xtreme OTR Tire and Bridgestone Americas are launching OTR (off-the-road) tyre projects to help meet the global shortfall. The worldwide shortage of giant OTR tyres is having a negative impact on production in the mining and construction industries, which…
NBR in growth mode
From automotive, aerospace to industrial and consumer goods, nitrile butadiene rubber (NBR) will enjoy limitless uses from these applications, says Global Industry Analysts (GIA) in its latest report. Demand for NBR is closely tied to strong GDP growth, which is…
ContiTech up sales by 16%
CONTITECH AG, one of Continental AG’s five divisions reported sales of EUR3.6 billion in the past fiscal year, a considerable increase of 16% from last year’s figure of EUR3.1 billion. The operating result (EBIT) also improved, rising 13% from EUR370…
Delticom AG says Q1 profitable but fails expectations
GERMAN online tyre dealer, Delticom has released preliminary figures for the first quarter of 2012. While revenues came in flat YoY (EUR85.5 million in Q1 2012 and EUR85.4 million Q1 2011), earnings before interest and taxes (EBIT) fell to EUR3.4…
Preliminary hearing scheduled in Bridgestone trade secrets case
A PRELIMINARY hearing in the case against a former Bridgestone Americas senior scientist accused of stealing trade secrets is scheduled for May 18 in Akron federal district court, according to a spokeswoman for the Cleveland office of the FBI. Xiaorong…
Pirelli names best suppliers of 2011
THE Pirelli Suppliers Awards gave honour to its best suppliers for 2011. Chairman and CEO Marco Tronchetti Provera, along with chief purchasing officer Carlo Costa, presided at the ceremony held at the company’s Milan headquarters. The award winners were: PT.…