South China Tire & Rubber Co. Ltd. has agreed to set up a joint-venture truck tyre factory in Hefei, Anhui Province, with Anhui Jianghuai Automobile Group Co. Ltd., a leading Chinese vehicle maker. According to the local government’s website, the…
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Mitas to launch new PneuTrac concept tyre
Different types of tires have different benefits. Mitas is hoping to pair “the best of both worlds” with its new concept tire, which takes elements from both traditional tires and rubber tracks. Company officials say they have intensively tested the…
Dow Corning introduces new advanced silicone coating
Dow Corning, a global leader in silicones, silicon-based technology and innovation, will unveil the latest addition to its proven Syl-Off® Advantage Series of solventless silicone release technologies at Labelexpo Americas 2014 (Stand #1340). This new advanced release coating is designed…
Indonesian rubber producers rejects new tax increase
The national alliance of rubber producers has rejected the imposition of a 10 percent value-added tax (VAT), following on the heels of agricultural business groups. The Indonesian Rubber Producers Association (Gapkindo) says the tax, when put in place, would disrupt…
Mesnac plans to build new production facility in Slovakia
Mesnac’s European Research and Technical Center (MERTC), recently announced that it is planning a major expansion of its operations based in Slovakia. The construction of a new production facility and additional research facilities will take place in the Trencin City…
Mickey Thompson expands Street Comp tyre range
Max-Trac Tire Co., Inc., dba Mickey Thompson Performance Tires & Wheels, now has available the ultra-high performance Street Comp tire in three new sizes for muscle car, tuner and European sport sedan applications. The wide 305/35R20 rear size, first introduced…
Supermax reports lower profit in second quarter
Supermax Corporation Bhd’s second quarter ended June 30, 2014 net profit was down 24.5% to RM26.76mil from RM35.48mil a year ago. The group told Bursa Malaysia on Tuesday that revenue for the period was down 27.8% to RM238.1mil from RM330mil…
Alliance to showcase new tyres at Farm Progress Show
Alliance Tire Americas is showcasing new row crop and flotation tyres at the Farm Progress Show going on now in Boone, Iowa. Also at its booth, the company is hosting Doug Lively and the Bank Robber, the National Tractor Pullers…
Kumho reports operating profit increase in Q2
Kumho Tire Co. Inc. reported 9-percent higher operating profit for the quarter ended June 30 on 10.5-percent lower sales. Kumho attributed the earnings improvement—to $111.7 million, or 12.6 percent of sales—to the positive “tailwind” of lower raw materials costs. The…
CEAT to export products back to northeast India
India’s tyre giant CEAT aims to export back at least 30 percent of the products to be manufactured at its plant in Mymensingh, taking advantage of the duty benefits the neighbouring country has extended to Bangladesh. The Mumbai-based company last…