Bluestar Silicones, a global integrated silicones supplier, announces it has expanded its liquid silicone rubber (LSR) capacity at its facility in York, South Carolina, to meet the growing needs of the marketplace. This expansion increases capacity by approximately 30%. “We…
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Strong results for Novelis
Novelis, the world leader in aluminium rolling and recycling, today reported net income grew to $46 million for the third quarter of fiscal year 2015, up significantly from the $13 million reported in the third quarter of fiscal year 2014.…
India suffers low natural rubber output
India is likely to face a severe supply crunch of natural rubber, which reported a 33 per cent drop in production during January 2015 — the highest ever monthly decrease in recent times. Experts warn that the domestic market will…
New addition to Bridgestone’s tyres
Bridgestone Americas plans to launch the Blizzak DM-V2, a winter tyre for CUVs, SUVs and light trucks, in July for the 2015-16 winter season. The new tyre, which will be available in 50 T- and H-rated sizes ranging from 15…
Nokian beats profit, dividend expectations
Finnish winter tyre specialist Nokian Renkaat reported its fourth-quarter profits fell less than expected and proposed an annual dividend above the market consensus. The company posted a fourth-quarter operating profit of 77.5 million euros (US$88 million), compared to 93.2 million…
Delphi Automotive posts 4Q profit forecasts
Delphi Automotive PLC (DLPH) recently reported fourth-quarter earnings of US$344 million. The Gillingham, United Kingdom-based company said it had net income of US$1.16 per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were US$1.32 per…
Data Bus Market to Worth US$8.55 Billion by 2020
According to the new market research report “Data Bus Market by Protocol (MIL-STD, AFDX, ARINC 429/629, CAN, TTP), by Application (Military, Commercial Aviation, Automotive), by Component (Micro couplers, Cables, Connectors, Accessories), by Geography – Global Forecasts & Analysis to 2020”,…
Malaysia to help Indonesia develop its own car
Malaysia’s struggling national carmaker Proton inked an agreement Friday to help Indonesia study the possibility of developing and manufacturing its own national car. The signing of the memorandum of understanding with PT Adiperkasa Citra Lestari was witnessed by visiting Indonesian…
Robots to replace humans in some automotive jobs: Boston Consulting Group
Robots will replace a growing number of jobs in industries including automotive and electronics in the next few years, particularly in east Asia, according to new research. Worldwide sales of industrial robots rose 23 per cent last year and are…
India to expect a correction in inverted duty structure
Over 6,000 small and medium rubber units (SMEs) scattered in different clusters across the country expect a correction in inverted duty structure in the upcoming Union Budget. India levies amongst the highest duties on import of raw materials and one…