2015 sales of PT Astra Daihatsu Motor, is forecasted to remain flat at 185,000 units, Kontan daily reported. The firm recorded sales of 185,226 units in 2014, representing 15 percent of Indonesia’s domestic car sales. The Indonesian automotive manufacturers association…
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25 billion baht to be provided to business operators buying natural rubber
The Government Savings Bank and Krung Thai Bank has been ordered by The National Council for Peace and Order (NCPO) to provide business operators with soft loans worth 25 billion baht to buy natural rubber from farmers. The resolution came after a…
Chinese car and light truck tyres to expect more duties
Tyre imports from China will be slapped with heavier duties by the U.S Department of Commerce. In a preliminary decision on Wednesday, Commerce set anti-dumping duties of up to 87.99 percent on car and light truck tires. Commerce had already…
New Nokian NTR 52 introduced
Nokian Heavy Tyres is introducing the new Nokian NTR 52 steer axle tyre for trucks and buses for medium and long distance use. This new tyre meets the EURO 6 load carrying capacity requirements and has a higher load index…
Lamborghini collaborates with Pirelli; creates the Aventador Pirelli Edition
Lamborghini has announced its collaboration with Italian tyre manufacturer Pirelli. The Aventador Pirelli Edition, available in Coupe and Roadster versions, will be produced in a special series and is available to order now from dealers, for delivery by mid-2015. The…
NDR to float 65 million shares for debt repayment
Tyre manufacturer ND Rubber Plc (NDR) will float 65 million shares to the public through the Market for Alternative Investment, priced at 2.7 baht apiece for debt repayment. Managing director Chaiyasit Samrittivanicha said about 100 million baht available from the…
Indonesia’s rubber exports to stay stagnant this year
Rubber exports in Indonesia will remain stagnant at 2.5 million tons due to poor weather and weak prices in the international labour market. The association of Indonesian Rubber Producers Association (Gapkindo) expects Indonesia’s natural rubber exports to remain stagnant at…
Ethos Private Equity invests in Autozone
Ethos Private Equity has invested in Autozone which is the largest and fast growing, privately-owned automotive parts aftermarket retailer and wholesaler in Southern Africa. AutoZone’s footprint spans 151 wholly-owned retail and wholesale branches and 37 member-owned franchise branches across South…
Kenda Tires to bring annual payroll of US$4 million after relocation
Ohio’s city council has approved Kenda US to locate its first North American R&D facility in the Akron-Canton suburb, according to the Akron Beacon Journal. Kenda will bring 45 full-time jobs and an approximate annual payroll of US$4 million. The…
Tap in the global alternative energy, or “clean tech”
Professor of Management and Organizations at the Ross School of Business at the University of Michigan, US, Jeff DeGraff has advised the state of Michigan to tap in the global alternative energy or what is popularly known as “green tech”…