The International Finance Corporation’s compliance ombudsman has officially accepted a complaint filed by ethnic minority families in Ratanakkiri province against the IFC for investing in rubber plantations accused of stealing land and clearing forests. In a letter sent to the…
Kumho blends comfort and handling in new Ultra-High performance tyre
Leading producer of passenger vehicle tyres Kumho has broken the mold in ulta-high performance tyres with the development of its new ‘harmony sports tyre’ – the Solus HS51. Bookmark and Share Kumho’s research and development team was set the challenge…
AmResearch maintains Buy on Kossan Rubber
AmResearch is maintaining its Buy rating on Kossan Rubber Industries with an unchanged fair value of RM5.05 a share. It said on Thursday it continues to peg itsvaluation to a price-to-earnings (PE) of 17.5 times over its FY14F earnings. “Kossan…
Continuing growth in automobile sector and favorable policy environment to boost tyre sales in Brazil, says TechSci Research
Brazil is the world’s sixth most populated country and its GDP is currently growing at over 5%. Brazilian tyre market is the largest and fastest growing tyre market in Latin America. A combination of growing economy and large population base…
Asahi Kasei intensifies petrochemical operations in Japan
Asahi Kasei Corp., Asahi Kasei Chemicals Corp., and Asahi Kasei E-materials Corp. have made a decision to strengthen their petrochemical operations in Japan as described below. Having identified acrylonitrile (AN) and solution-polymerized styrene-butadiene rubber (S-SBR) for fuel-efficient tires as world-leading…
SIMTEC announces LSR manufacturing program for global medical device company
SIMTEC Silicone Parts a custom manufacturer of Liquid Silicone Rubber (LSR) parts and high-precision LSR 2-Shot components has announced a new production partnership with a global healthcare leader. SIMTEC will begin production in 2014 on a high precision LSR component…
The importer of Bridgestone Tyre will expand its bussiness in Middle East
Big news comes from the importer of Bridgestone tyres for Dubai and the Northern Emirates. They said they are going to launch about 10 new outlets in the region. Nasser bin Abdullatif Alserkal Establishment as the importer of Bridgestone tyre…
Double Camel recalls 1,440 Vail trailer tyres
Qingdao Xiyingmen Double Camel Tyre Co. Ltd., in cooperation with Lionshead Specialty Tire & Wheel LLC, is recalling certain Vail Sport ST LH 99 tubeless trailer tyres. The number of potential units affected is 1,440. The tyres, in size 225/75D15,…
Thai rubber sector outlook brightens
Both the government and private sectors have indicated that the global price of natural rubber will begin to recover within the next 2-3 months. Both sources agree that the political turmoil has no bearing on the local natural rubber price,…
Conti adds commercial tyre management
Continental Tire the Americas L.L.C.’s Commercial Vehicle Tire group has reassigned six executives for its commercial specialty, product development and sales regions. In the commercial unit, which encompasses medium radial truck tyres and commercial specialty tyres, Fedérico Jiménez will be…