The Asia butadiene-naphtha spread rose US$7.25/mt day on day to US$824.88/mt last Friday, June 19, driven by a bullish butadiene market, Platts data showed. The spread is the highest since March 14, 2013, when it was calculated at US$918/mt. Last…
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Michelin to invest US$22 million to increase capacity at Dothan, AL, plant
Michelin North America announced it is investing US$22 million in its Dothan facility in order to increase the production of its high-performance light truck and SUV passenger tires. Michelin said the investment will create about 40 new jobs at the…
Explore Global industrial gloves market – industry research report and forecast 2014-2020
Industrial gloves are utilized to ensure employee safety and sanitary conditions in the workplace. Industrial gloves are a necessary item, especially in the food, chemical and healthcare industry. Industrial gloves provide protection against cold, heat, damage by friction, abrasion, chemicals…
Michelin and Dassault: a partnership-of-excellence
A leader in radial aviation tyres, Michelin supplies the world’s major aircraft manufacturers. Among these, the French company, Dassault, has established a long-lasting relationship with the Clermont-based firm, built on expertise and mutual trust.© Dassault Aviation – S. Rande / …
Chinese tyre makers set for higher costs under new rubber standard
Chinese tyre makers are braced for an increase in costs next month when Beijing adopts a new standard for compound rubber, with analysts doubting it will be delayed or scrapped despite repeated calls by industry. That will add to companies’…
RM151mil windfall for Malaysian rubber smallholders
More than 30,000 rubber smallholders received early Hari Raya Aidilfitri cheer today with news of a total of RM151 million dividends to be paid out for those registered with two schemes by Risda, the rubber smallholders development authority. Of the…
Hankook starts trial run at China plant
Hankook started a trial run of the phase two project at its Chongqing plant in May, which includes 6 million passenger car radial tire capacity and 900,000 truck and bus radial capacity annually. Construction of the project began in January…
Alfa Romeo preps unveiling of key Giulia midsize luxury sport sedan
Alfa Romeo’s new Giulia midsize luxury sport sedan, which will be unveiled Wednesday, is crucial to the struggling brand’s revival. The Giulia will sit on Alfa’s new rear-wheel-/all-wheel-drive Giorgio platform and offer high-performance engines, including a Maserati-derived V-6. The BMW…
Honda confirms eighth death linked to Takata airbags
Honda Motor Co’s U.S. unit said on Friday it has linked the September 2014 death of a woman in Los Angeles, California, to the rupture of a Takata airbag inflator, bringing to eight the number of fatalities related to defective…
Volkswagen to be revamped into four holding companies: sources
Volkswagen’s (VOWG_p.DE) corporate structure will be overhauled into a decentralized system with four holding companies in a bid to boost profits at Europe’s largest carmarker, three VW sources said on Monday. VW’s top management may cede power by setting up…