Continental Tyre opened their latest company employee training centre in Clinton, Mississippi. Continental has invested approximately US$1.45 billion into the manufacturing site in Mississippi. “This a great day for Continental Tyre and the State of Mississippi,” Governor Bryant said. “This…
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Indorama completes acquisition of tyre cord supplier in Europe
Integrated chemicals supplier Indorama Ventures Public Company Limited (IVL) has completed its acquisition of Kordárna Plus a.s., the largest producer of tyre cord fabrics in Europe. Thailand-headquartered Indorama Ventures previously announced its agreement to acquire Kordárna on 29 June 2018.…
Toyoda Gosei’s venture into new technologies and products
Japanese rubber/plastics auto parts manufacturer Toyoda Gosei Co. will establish a corporate venture capital department in January 2019. This new department will serve as the company’s centre for investment in start-ups and venture capital to accelerate open innovations for practical…
Sheet rubber prices drop in India while production rises
Sheet rubber prices have fallen 5% in November so far following an increase in production amid slowing demand. On Wednesday, the RSS-4 variety, used in tyre manufacturing, was priced at Rs119 per kg. “In October, our production should be close…
Thailand to offer subsidies to rubber farmers during economic hit
Thailand approved a new subsidy and other measures on Tuesday to help its rubber farmers, who are struggling amid a slump in prices and have threatened protests. The world’s biggest rubber producer has been hit by a 40% decline in…
Malaysian rubber tappers unhappy at government’s lack of aid
Otai Reformis wants Primary Industries Minister Teresa Kok and her deputy Shamsul Iskandar Md Akin removed from their positions after the seeming inaction in helping rubber tappers through the dip in the price of the commodity. “Otai is disappointed that…
Toyoda Gosei begins operations at Indian plant
The Gujarat Plant of Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), started operations in October 2018. The plant is the Indian subsidiary of Toyoda Gosei Co. Ltd. India is a key market for Toyoda Gosei, and the company has been…
BKT announces plans for new manufacturing plant in the US
Balkrishna Industries Limited (BKT) announced the USD100 million construction project of a new US production site that would cater to the entire American region. The facility will be the multinational group’s first manufacturing site outside of India. Europe is currently…
Cooper Standard to divest AVS business to Continental
Michigan-headquartered global supplier of systems and components for the automotive industry, Cooper Standard,is divesting its anti-vibration systems (AVS) business to Continental AG. Continental AG will purchase substantially all of Cooper Standard’s anti-vibration business in France and its respective interest in…
Mitsubishi adds stakes in Toyo Tire, increasing share holding to 20%
Mitsubishi Corporation (MC), Japan’s largest trading company, has approved the purchase of an additional stake in Toyo Tire & Rubber Co, LTD (Toyo), Hyogo-headquartered tyre maker, for 50.9 billion yen via subscription to a private placement of shares and has…