A surge in import of tyres, even as the auto sector is coming out of a protracted slump, has put the domestic tyre industry in a tight spot, the Automotive Tyre Manufacturers Association (ATMA) has said. ATMA, in a communication…
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O’Reilly Automotive, Inc. Announces Additional US$500 Million Share Repurchase Authorization
O’Reilly Automotive, Inc. a leading retailer in the automotive aftermarket industry, today announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional US$500 million, raising the aggregate authorization…
Yokohama opens hose assembly plant in Mexico
Yokohama Rubber Co. Ltd. held an opening ceremony for its recently completed automotive hose assembly plant at the San Francisco Industrial Park in Aguascalientes on May 27. The plant began operations in January 2015 and is the Mexican production base…
Asia rubber prices rise as China snaps up more Thai cargoes
Prices for rubber cargoes in Asia continued to pick up this week as demand streamed in from the world’s biggest consumer China, while supply constraints in top grower Thailand aided the rally. Physical rubber prices have benefited from joint efforts…
German automotive engineering firm Edag seeks listing -Dow Jones
The owners of German automotive engineering group Edag plan to list the company on the stock exchange in the second half of the year, Dow Jones Newswires reported on Sunday, citing three people familiar with the matter. Edag, which develops…
ContiTech develops new printing blanket made of glass beads
ContiTech has brought something new to the market for printing securities, high-quality film embossing (hot film/cold film) and sheet-fed printing – an enhanced printing blanket with a cover layer made of tiny glass beads. The Black Pearl glass bead printing…
Malaysia to build more rubberised roads to shore up prices
Putrajaya will build more rubberised roads in a bid to shore up natural rubber prices, says Plantation Industries and Commodities Minister Datuk Douglas Uggah Embas. “We should increase the use of rubber and the government is targeting to utilise 10%…
Rahul promises to help Kerala’s rubber growers
Kerala’s beleaguered rubber growers, who are reeling under rock-bottom prices for rubber latex, found a new politician this week to take up their cause: All India Congress Committee vice-president Rahul Gandhi. Rahul is presently on a tour of Kerala as…
MRF to expand Tamil Nadu plants at Rs 45 billion
MRF plans to invest about Rs 45 billion to expand the production capacity at its two factories in Tamil Nadu. A Memorandum of Understanding has been signed between MRF and the Tamil Nadu Government for the same. The proposed investments…
Pyrolyx completes deal in tyre recycling sector
Pyrolyx AG, based in Munich, has completed a deal to acquire Germany-based competitor Carbon-Clean Tech Stegelitz GmbH (CCT Stegelitz). CCT Stegelitz will be fully integrated into Pyrolyx AG, which says it will continue to invest in CCT’s production site in Stegelitz,…