Continental is donating EUR100,000 to the Welthungerhilfe aid organization to support Syrian refugees. “Through no fault of their own, the people in the many refugee camps in the Middle East and Turkey are suffering the most from the conflicts in…
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Hankook Tire to build winter tyre testing center in Finland
Hankook Tire decided to establish its own European winter tyre testing facility in Ivalo, Finland. The company has recently signed a contract to build the facility with the Finnish tyre testing company Test World Oy next to their own testing…
Continental outs new treads for cold retreading
Continental has created Generation 3 tyre treads for cold retreading, with its two new treads, the Conti CityPlus HA3 and Conti Urban HA3, specifically designed for use in passenger transport. For cold retreading of tyres on city buses, Continental offers…
Thailand cuts down illegally planted rubber trees
Forest rangers and sanctuary officials cut down around 400 rubber trees illegally planted in a wildlife sanctuary last December 5. According to a report by The Nation, armed officials, following Article 25 of the National Reserve Forest Act, removed the…
Yokohama simulation technology to support rubber innovation
The Yokohama Rubber Co. developed a simulation technology for designing rubber materials. The new technology was developed to support innovative thinking about rubber material design. The new technology is the latest in a series of innovative technologies developed by Yokohama…
Pep Boys to accept Icahn Enterprises offer, rejects Bridgestone
The Pep Boys, a US automotive aftermarket service and retail chain, decided that the proposal from Icahn Enterprises L.P. to acquire Pep Boys for US$15.50 per share in cash constitutes a “Superior Proposal” as defined in the Company’s agreement and…
Rubber moulding market for automotive worth US$40.5 bn by 2020
The rubber moulding market, in terms of value, is projected to grow at a CAGR of 5.20% from 2015 to 2020, to reach a market size of USD$40.5 Billion by 2020, according to a new report by Markets and Markets.…
Nexen Tire launches its first European TV commercial
Nexen Tire launched of its first TV commercial across Europe through Eurosport, Europe’s No.1 sports channel, in order to strengthen its presence in the European market. The 30-second commercial will air across 54 European countries for 6 months, from December…
Yujiro Kanahara named president of Nippon Goodyear
Nippon Goodyear appointed veteran tyre industry executive Yujiro Kanahara as president of the company. Kanahara joins Goodyear following a 36 year career with Bridgestone Corporation where he served in executive leadership roles in Japan and key markets around the world…
NN divests Delta Rubber Company
NN, Inc., a diversified industrial company, completed the divestiture of Delta Rubber. The terms of the transaction were not disclosed. Richard Holder, President and CEO commented, “As outlined in our strategic plan, we continue to focus on balancing our portfolio…