Sumitomo Rubber Industries Ltd. reported marginal increases in operating and net income for the quarter ended Sept. 30 on 7.6-percent higher sales. The third quarter earnings gains were considerably below those in the first and second quarters, SRI figures show,…
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Thai gov’t distributes assistance fund for rubber planters
The Government yesterday started handing out the assistance fund for rubber planters who are each entitled to receive 1,000 baht/rai, with no more than 15,000 baht per household. Twenty-five representatives of rubber planters joined in the aid-presenting ceremony in Surat…
Biggest rubber producers to shore up world rubber price
Thailand, Indonesia and Malaysia, the world’s biggest rubber producers, will hold fresh talk next week to bolster rubber price in the world market. Thai Agriculture Minister Pitipong Puengboon na Ayudhya will meet with his Indonesian and Malaysian counterparts in Kuala…
Indonesia tyre industry foresees progress
Indonesia’s tire market is forecast to grow at a compound annual growth rate (CAGR) of about 10 percent through 2019, according to a recently released report. Global market research and consulting firm TechSci Research said in the report — “Indonesia…
Giti reports outstanding debut at Euro Bus Expo
Giti Tire has described its Euro Bus Expo debut a success, generating several European-wide sales leads and citing significant interest in both the GT Radial GSR225 Combi Road and GAU861 all-position urban city-bus tyres.Euro Bus Expo 2015 Peter Foulkes, Marketing…
Michelin to develop truck tyres for the Asian market
Groupe Michelin will set up a research team in India to develop truck tyres for the Asian market, according to the company’s CEO. Michelin CEO Jean Dominique Sennard announced the news when asked whether Michelin will respond to the country’s…
Evonik to broaden silica product distribution in the US
Evonik Corporation’s Inorganic Materials Business Unit has announced new agreements with The Cary Company and Dorsett & Jackson, Inc., to broaden distribution of its silica products in the US Midwest and Western regions, respectively. Previously representing Evonik’s silica product lines…
Michelin to launch self-sealing tyres for European market
Groupe Michelin will be introducing a line of self-sealing tires for the European market in 2015 at the original equipment level. The tires will then be introduced at the OE level in the United States within three years, according to…
Kerala rubber tappers protest NR prices fall
The Kerala Tappers and Workers Centre on Wednesday protested against the fall in prices of natural rubber by pouring latex on the ground at the Marine Drive here. In a press release, the leaders of the union said that the…
Sumitomo Rubber gains global innovator award
Sumitomo Rubber Industries was included on Thomson Reuters’ 2014 Top 100 Global Innovators list, released on Nov. 6. Reuters noted that its top 100 most innovative companies achieved nearly double the 6.85% annual revenue growth rate of S&P 500 firms…