Police is probing into the death of a person at Goodyear Tire & Rubber plant in Danville, VA. No word on the circumstances surrounding the incident. Investigators are still trying to figure out what caused the industrial accident. According to…
Category: World News
Europe, Australia, Americas, Africa rubber news
Kirkfield Limited receives EUR450,000 investment package, plans growth
Kirkfield Limited, a rubber and adhesive products manufacturer, has just received a EUR450,000 investment package from the Lloyds Banking Group. The UK-based company used the funds to move to a bigger location and fuel their expansion plans. Kirkfield exports their…
Pirelli tyre failure costs Vettel a podium finish at the Belgian GP
Sebastian Vettel is pretty “upset”, according to reports, as he had to stop just two laps from the flag because of a ruptured tyre. The tyre failure cost Vettel a third place finish at the Belgian Grand Prix held at…
SEC joins hand with German investigation team to bring Ford to task
The U.S. Securities and Exchange Commission (SEC) has joined hands with German investigators to look into the allegation that Ford had bribed Russian customs for quick delivery of its products. Ford and Schenker, the freight business of state-owned German rail…
Report: US industrial rubber market
Expect a surge in demand for industrial rubber prooducts in the US: a rise of 3.4 % per annum to $24.4 billion in 2019. Gains will be fueled by greater production of machinery and healthy growth in nonresidential construction spending.…
Russia carmakers loses competitive edge as ruble falls
The decline of ruble has increased the price of foreign car parts, which force Russia carmakers to increase their price and thus making it lose competitive edge abroad. After a decade of annual sales growth in excess of 10 %,…
Ford plant moved from Ohio to Mexico
Ford’s production plant will move out of Mexico for the first time when it transfers to Ohio where medium-duty F-650 and F-750 commercial trucks will be built. The shift to the 41-year-old plant in Avon Lake, Ohio means that about…
Much improvement needed for Liberian rubber
Former Executive Director of the Sri Lanka Rubber Institute Dr. Tillekeratne says farmers must take their jobs seriously in order to generate money. He also spoke of the Ribbed Smoked Sheets or RSS during a one-day forum held at in…
German carmakers to purchase Nokia HERE
A line of German automakers have agreed to buy Nokia’s business HERE for 2.9 billion euros. The automakers include Daimler, BMW and Volkswagen’s premium division Audi. The sources said the deal was likely to be announced on Monday. Daimler declined…
German car makers close to clinching Nokia maps deal for US$2.74-3.29 billion: sources
Germany’s premium car makers are close to a deal to buy Nokia’s HERE map business for between 2.5 billion and 3 billion euros (US$2.74 billion to US$3.29 billion), but a final agreement hinges on the question of who owns the…