ContiTech has revealed its 2014 expenditure. This includes a $203 million investment in new plants worldwide. “We reinforced our presence in Asia because we want to be where our customers are,” outgoing ContiTech CEO Heinz-Gerhard Wente said at a press…
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Tyres made of dandelion rubber to be tested by Mitas
The first agriculture tyre made from agricultural cultivated crops may be well underway as tests by Mitas will be underway. The goal is to have the first prototype of the dandelion tyre during 2015. Mitas is also involved in the…
Styrene butadiene rubber market in Asia-Pacific to reach nearly $8 bn by 2018
It’s good news for the SBR market. Increasing tyre consumption means the market is projected to grow at a CAGR of 4.5 % to reach $ 7.9 billion by 2018 from $ 6.36 billion in 2013, says MicroMarket Monitor’s new…
Indonesia grappling with low rubber price
Largest natural rubber producer Indonesia is grappling with the low price of rubber. Rubber used to be US$4.61 per kg in 2011, but has now decreased to US$1.5 per kg. Trade Minister Rachmat Gobel said the government would push for…
India government creating policy to address issues related to the rubber sector
A policy framework which will allow the Indian government to better deal with rubber stakeholders including producers, consumers and manufacturers, is underway. “The policy is being formulated to address demands of the rubber industry and growers. The committee is looking…
All 2015 Genesis sedan tyres to be replaced by Hyundai
It is good news for owners of Korean luxury sedan: Hyundai will be replacing their tyres – free of charge – due to vibration and road noise. Until now, all versions of the Hyundai Genesis with 18- or 19-inch wheels…
Recently published data on tyre replacement sales show mixed results
The European Tyre and Rubber Manufacturer’s Association recently released the statistics of tyre replacement sales for this year’s first quarter. The findings showed mixed results: The consumer segment experienced a 2% growth compared to the previous year, which, whilst timid,…
ContiTech’s sales increased to EUR3.9 bn in 2014
The industrial and automotive supplier ContiTech, part of the Continental Corporation, increased its sales by around €50 million to €3.9 billion in 2014. This equates to growth of 1.3%. The operating result (EBIT) reached €433 million (previous year: €462 million),…
Bridgestone Receives 2014 Regional Supplier Overall Outstanding Performance Award from Toyota
The award recognises Bridgestone’s contribution as a key supplier towards Toyota’s operations in the Asia Pacific region, in the aspects of safety, quality, cost, delivery, engineering and management. The award was presented by Mr Hisayuki Inoue, Chief Executive Officer and…
US$40 million invested by Constellium to expand Michigan plant
Constellium N.V., New York, has invested US$40 million to expand its plant in Van Buren, Mich., which produces customized automotive structures and which features advanced prototyping and development capabilities. The 210,000 ft.2 expansion project has doubled plant manufacturing capacity for…