Toyo Automotive Parts (USA) Inc. will expand and modernize its facility in Franklin, Ky. The manufacturer of anti-vibration auto parts will invest $6 million and create up to 10 new jobs. The upgrade will include adding rubber mixing to the…
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Indian tyre makers beat global colleagues in returns
Shares of local tyre makers have surged over two-and-half times in the past year, returning four times more than their global peers. Analysts cite high profitability and growth, as well as cost competitiveness of the Indian manufacturers for this stellar…
South Korea tyremaker slows production to lessen inventory glut
Hankook Tire Co., South Korea’s largest tyremaker, said Tuesday that it has scaled back production due to its record inventory glut. The company said the number of unsold tyres reached a staggering 660,000, the highest since the company was founded…
Nokian heavy tyres introduces two new sizes
Nokian Tyres developed and manufactured the world´s first winter tyre in 1934. This year will mark the 80th anniversary of the “Kelirengas”. The “Kelirengas” was intended for trucks, and it was designed to bring grip and reliable steering to the…
Yokohama India reveals new Mud Terrain tyres
Yokohama India has introduced Mud–Terrain (M/T+) tyres, as part of its Geolandar series in the country. The tyre maker says that Geolandar M/T+have been specifically designed for serious off-Roading and are well-equipped to deflect lateral impacts during extreme conditions. Designed…
MRPC increments production of Implantable Medical Devices
MRPC, a single-source provider of medical device components and assemblies, recently released a new overview sheet highlighting their molded part design and tooling capabilities for implantable medical device components, those meant for long-term implementation inside the human body. MRPC began…
Cheng Shin to invest 1 billion dollars for expansion projects
Cheng Shin Rubber Ind. Co. Ltd./Maxxis International has approved nearly $1 billion in investments for the next few years to build plants in Indonesia and Taiwan and expand capacities at three plants in China. Cheng Shin Rubber disclosed the investment…
Czech Republic has defeated Poland to attract Nexen
The Czech Republic has beaten Poland to attract Nexen Tire Corp to invest 829 million euros ($1.1 billion) in its first plant in the European Union as the South Korean company expands outside Asia. “To win this new major investment,…
Linde and BASF develops new technology on butadiene production
LINDE and BASF have agreed to work together on new processes able to combat shrinking butadiene yields, as the global chemicals industry looks to adjust to new, lighter feedstocks. The German partners say they are developing a new process that…
Two lines of Dacia vehicles gets Nexen tyres
Nexen Tire Corp., the smallest of South Korea’s three tyremakers, said Friday it will exclusively supply tyres to two lines of vehicles made by Automobile Dacia S.A., a Renault subsidiary. The company said it will fit N’Blue HD tyres on…