According to a new report by Grand View Research, Inc., the global automotive tyre market size is expected to reach US$374.22 billion by 2024. Increasing automotive sales especially in countries such as China, India, Japan, and South Korea is anticipated…
Thailand’s Rubber City project attracts prospective investors
According to a recent report, Industrial Estate Authority of Thailand (IEAT) governorWeeraphongChaipherm said that a large number of investors have shown interests in the country’s Rubber City project in Songkhla. Earlier reports this year also said that the Thai government…
NTDA names Autogem’s Managing Director as new Vice Chairman
The Executive Council of the National Tyre Distributors Association (NTDA) held its 87th Annual General Meeting on May 11 where they elected Autogem Managing Director Prashant Chopra as Vice Chairman of the Association.NTDA, founded in 1930, is a strongly proactive…
US$28mn rubber, plastic recycling facility brings 200 jobs to Berkeley County
Viva Holdings Group, a combination of Moncks Corner-based Viva SC Recycling and Zhang Baofa, a partner in Jingxin Chemical Group, is building a US$28 million rubber and plastics recycling business that will create 200 jobs for Berkeley County, South Carolina…
North Sumatra’s natural rubber exports continue to shrink
North Sumatra’s exports of natural rubber have continued to decrease. It is down 8.23% in volume to 137,826 tonnes in the first four months of 2016 from 150,194 tonnes in the same period in 2015. “The decline in exports was…
Patent infringement lawsuit filed by Michelin against Atturo Tires and Svizz-One
Michelin North America, Inc. filed a design patent infringement lawsuit on May 13 against Atturo Tire Corporation and Svizz-One Corporation Ltd. covering the Michelin Latitude tyretread design. The lawsuit was filed in the US District Court for the District of…
Apollo Tyres’ annual net profit up by 12% at Rs10.9bn
The audited financial results of Apollo Tyres Ltd for the 4th quarter (January to March) and the financial year 2015-16 has been approved by the company’s Board of Directors. The Board recommended a dividend payout of 200%, to be approved…
Indian rubber growers to increase tapping as prices recover
The past year saw a disastrous time for the natural rubber industry as prices plunged to a nine-year low. Now, as prices slowly improve, Indian rubber growers are getting ready to raise their tapping activity. But the Association of Natural…
Border Recapping facility in El Paso to provide Oliver retread products and Michelin-family tyres
Michelin Americas Truck Tires, a division of Michelin North America, Inc., announced the opening of the newest Oliver Rubber retread facility, Border Recapping, in El Paso, Texas on May 10. Border Recapping operates under the Border International umbrella of companies.…
Hankook, DTM extends partnership for another three years
DTM Promoters and copyright holder ITR, and tyre maker Hankook, have officially extended their existing and successful cooperation, active since 2011, for another three years.A corresponding contract was signed following the international DTM press conference for the opening of the…