In a report released today, Colin Langan from UBS reiterated a Hold rating on Delphi Automotive with a price target of US$80. The company’s shares opened today at US$81.64, close to its 52-week high of US$82.24. Delphi Automotive has an analyst consensus…
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Trelleborg acquires agricultural tyre business in Australia
Trelleborg has, through its business area Trelleborg Wheel Systems, signed an agreement to acquire Armstrong Tyres, an Australian service and distribution company of agricultural tyres. The business specializes in tyres and complete wheels for original equipment manufacturers (OEMs) and tractor…
Sumitomo Rubber begins delivery of Falken brand ZIEX tyre
Sumitomo Rubber Industries, Ltd. announces that they have begun delivering the Falken brand “ZIEX ZE914A” and “ZIEX ZE914A ECORUN” high-performance tyres to Volkswagen for use on their new model “Passat,” which they first unveiled in Europe last October. In order…
Zeon plans second Singapore factory
Zeon will up its capacity in Singapore for a type of synthetic rubber favoured by tyre makers boosting their production of fuel-efficient tyres. The leading Japanese maker of synthetic rubbers and high-function materials will invest roughly 7 billion yen ($57.8…
BFGoodrich Tyres launching new g-Force COMP-2 A/S tyre
BFGoodrich Tyres is launching its new g-Force COMP-2 A/S tyre. The tyres are now available throughout North America in more than 20,000 authorized dealers. The new g-Force COMP-2 A/S tyre, available in an initial phase of 33 tyre sizes, will…
Trelleborg acquires share of liquid silicone rubber operation
Trelleborg has, through its business area Trelleborg Sealing Solutions, utilized an option from 2011 to acquire the outstanding 50 % of the shares in Trelleborg Sealing Solutions Silcotech Bulgaria OOD, with a production unit in Pernik, Bulgaria. Its main focus…
Indian rubber farmers disgruntled
Indian rubber farmers are disgruntled as India reels from a severe crisis which sees a steep fall in rubber price. The import of natural rubber (NR) has recorded an all-time high, crossing four lakh tonne in the fiscal year 2014-15.…
Versalis and LOTTE Chemical to expand cooperation in the Asian market
Versalis (Eni) and LOTTE Chemical will be extending their cooperation in the elastomers business under a technology license agreement regarding, in particular, the Styrene-Isoprene-Styrene and Styrene-Butadiene-Styrene (SIS/SBS) product lines. This is to target the specialty hot-melt adhesives market and additional…
Royal Holdings, Inc acquires Chemical Innovations Limited
Royal Holdings, Inc. (Royal), a portfolio company of Arsenal Capital Partners (Arsenal), announced that it has, through its Kommerling UK Limited subsidiary, acquired the stock of Chemical Innovations Limited (CIL) from Vita (Group) Unlimited. Based in Preston, UK, CIL is…
Rubber market likely to continue downtrend
The Malaysian rubber market is likely to continue its downtrend next week on negative sentiment due to fluctuating crude oil prices and oversupply situation in Asia. “The market is expected to be volatile next week given that the demand for…