Nokian Tyres (Nokian), based in Nokia, Finland, is implementing several efficiency measures in their operational activities following increased costs from ongoing research and developments and employee recruitments. These include job cuts as well as structural changes in the tyre manufacturer’s…
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India to boost rubber production with new RRII clone in Tripura
Indian rubber-producing state Tripura is seeking to increase production with a new “rubber clone” suited to the agro-climatic conditions of northeastern India. The engineered variety of rubber, produced by the Rubber Research Institute of India (RRII), will soon be commercially…
BKT holds off US factory plan; tyre capacity from India stands
Balkrishna Industries (BKT) is suspending works on its US plant project in light of the challenging business environment, which includes volatile weather conditions. The new US$100 million tyre factory would be BKT’s first outside of India and its fifth plant…
Avon Rubber to acquire 3M’s ballistic-protection business for US$126 mn
UK’s Avon Rubber is to acquire 3M’s ballistic-protection business and the rights to the Ceradyne brand for a sum of US$126 million The deal included an initial cash amount of US$126 million and a further contingent cash consideration of up…
Hankook Tire to supply OE tyres to the 2020 Ford Explorer
Premium tyre manufacturer Hankook Tire (Hankook) will provide its all-season Kinergy GT tyres to the newly redesigned Ford Explorer for the 2020 year. Hankook’s Kinergy GT tyres feature an optimised lateral groove and “chamfer sipe” arrangement, which provides exceptional grip…
Thai imports increase despite slow growth in Indian tyre industry
The imposition of the counter-veiling duty (CVD) on tyres from China has led Chinese tyre manufacturers to route their products through Thailand, which subsequently increased imports in the Indian market. According to Rajiv Budhraja, Director General of the Automotive Tyre…
Goodyear kicks off major restructuring plan in US, expects significant returns
American Goodyear Tire & Rubber (Goodyear) is closely following a plan to restructure its operations to reduce low-value/high-cost capacity in the US and bring about improved business competitiveness, similar to a reorganisation program in Germany that is expected to generate…
Toyo Tires to establish first European R&D centre in Germany
Japanese tyre manufacturer Toyo Tires (Toyo) is to build its first European research and development (R&D) centre in Willich, Germany, by the end of the year to strengthen product development, which goes in hand with next-generation mobility. The new centre…
Marangoni restores car tyre production at Italian headquarters
Tyre manufacturer Marangoni is reportedly restarting operations at its automated passenger tyre plant in Rovereto, northern Italy, in preparation of a lease to a yet unconfirmed third-party tyre manufacturer. As minor changes will restore full production within the European facility,…
Asahi Kasei starts up ASEAN headquarters in Thailand
The Asahi Kasei Corporation (Asahi Kasei) has begun operations from Asahi Kasei Asia Pacific (AKAP), its newly-formed ASEAN regional headquarters, as of August 2019. The Japanese chemical giant currently has 16 entities across five ASEAN countries – including Singapore and…