Warren Buffett’s Berkshire Hathaway Inc wants to purchase more U.S. auto dealerships to expand the company’s automotive dealer venture, Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, told CNBC on Tuesday. Van Tuyl, who appeared on CNBC with Buffett, said that the group will…
TOP STORY
Gloves Sector: Malaysia’s gloves sector holds its place in a volatile market
As a main exporter of gloves globally, Malaysia is handling suitably geopolitical pressures ...
LSR stretches its industrial footprint
Liquid silicone rubber, or LSR, is an advanced elastomer that has gained traction ...
Tyre Sector: Setting in motion the wheels of change
Once liabilities and eye sore on landfills, end-of-life tyres have now become assets ...
Tyres: Space’s the limit for rubber tyres
Innovative rubber tyres are entering the era of space missions: as a catalyst ...
Medical: Flexible artificial muscles from liquid crystal elastomers
In Canada, an international team led by researchers at the University of Waterloo ...
Pirelli shares above ChemChina bid price after dividend announcement
Shares in Pirelli (PECI.MI) remained slightly above the bid price offered byChina National Chemical Corp (ChemChina) after the Italian tyre maker announced a dividend payout on Tuesday, in a sign investors see value in keeping the stock. ChemChina will become the majority…
Top Glove in RM1bil expansion mode
Top Glove Corp Bhd, which is currently in a net cash position of RM142.8mil, is on the lookout for merger and acquisition (M&A) opportunities to further expand its business scope. Chairman Tan Sri Lim Wee Chai said the group was…
ContiTech to showcase solutions for outdoor market at Techtextil
ContiTech AG of Hanover, Germany, will be showcasing its new dry suit material, as well as the wide variety of possible uses for technical textiles at the upcoming Techtextil trade fair that takes place in Frankfurt from 4-7 May. The…
Rubber farmers stretched to the limits by imports, low production
While the rubber farmers are reeling under a severe crisis owing to 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. The rubber production…
Desser Tyre & Rubber has acquired European aircraft tyre
Desser Tyre & Rubber Co., LLC has acquired Europe’s leading aircraft tyre distributor, Watts Aviation. Located in Gloucestershire, England, Watts distributes a broad range of tyres and tubes for aviation as an authorized distributor for major tyre brands. Watts enhances…
Semperit acquires German rubber seal manufacturer Leeser GmbH
Semperit AG Holding has acquired Leeser GmbH & Co. KG, a German manufacturer of high quality rubber seals. In this way Semperit is strengthening the Segment Semperform as a complete provider on the profiles market, and has thus taken a…
J.D. Power customers less satisfied with run-flat tyres
Customers with run-flat tyres are less satisfied overall and replace tyres more frequently in the first two years of ownership than do those with non-run-flat tyres, according to the J.D. Power 2015 U.S. Original Equipment Tyre Customer Satisfaction Study. The…
Bekaert completes acquisition of Pirelli tyre cord plant in China
Bekaert and Pirelli have successfully closed the acquisition by Bekaert of the Pirelli steel cord plant in Yanzhou, Shandong Province, China. The deal closing in China follows the recent ownership transfers of other steel cord plants in Figline (Italy), Slatina…
Chandra Asri to build synthetic rubber plant in Cilegon, Indonesia for JV with Michelin
Indonesia’s major petrochemical producer PT Chandra Asri Petrochemical plans to begin construction of a Rp 5.6 trillion (US$435 million) synthetic-rubber plant in Cilegon, Banten, early next year to take advantage of growing tyre demand both at home and in other…