In spite of subdued single-digit revenue growth, Ceat Ltd posted decent results for the March quarter, in line with expectations on the Street. Lower raw material price and a dip in interest outgo helped clock net profit of Rs.69 crore,…
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Toyo launches European sales subsidiaries
Toyo Tire & Rubber Co. Ltd. says it will establish an overseas subsidiary in Germany on May 1, 2014. It will be called Toyo Tire Deutschland GmbH (TTD). Previously, all tire sales for the German and Austrian markets were handled…
Goodyear reports net sales decline in Q1
Goodyear Tire & Rubber Co. reported a net loss of $58 million on net sales of $4.5 billion for its first quarter ended March 31, 2014. That compares to income of $26 million on sales of $4.9 billion for the…
Lanxess butyl rubber facility in Belgium restarts operation
Lanxess is in the process of restarting its world-scale butyl rubber plant in Zwijndrecht, Belgium, after union-represented production employees agreed to accept the terms of a new two-year collective labor agreement and subsequently ended their strike. Normal supplies to customers…
Zeon manufacturing plant in Singapore inaugurates full-scale SSBR production
Zeon Corporation has begun full-scale commercial production of solution polymerized styrene-butadiene rubber (SSBR) at the plant of its subsidiary Zeon Chemicals Singapore Pte. Ltd. (President: Hiroyuki Hirakawa) on Jurong Island, Singapore. A ceremony to mark the completion of the plant…
Malaysian rubber smallholders preserves planting land
The government is confident rubber smallholders will not be easily influenced into selling their planting land even though the price of the commodity is weak. Deputy Plantation Industries and Commodities Minister Datuk Noriah Kasnon said this was because the 440,000…
MAN Truck & Bus picks Continental tyres
Continental is one of the major tyre OEMs for MAN Truck & Bus, with MAN now using Continental’s 3rd generation truck and bus tyres as original equipment. From May 2014, new vehicles from the Munich-based truck and bus manufacturer will…
Tyre companies develops fuel efficient tyres
Companies are now designing products to help reduce fuel consumption and carbon dioxide emissions. Times have certainly changed since the early 1800s when Charles Goodyear added sulphur to latex in a bid to cushion tyres for carriages and cycles. With…
Kenda introduces new clincher road tyre
The Kountach from Kenda is a performance-focused clincher road tyre that aims to provide a complete package of low-rolling resistance, low weight, confident cornering grip and reliable puncture protection. All these qualities often don’t go hand in hand, but Kenda…
Indian Rubber Board standardizes rubber planting materials
In what appears to be a landmark move, the Rubber Board is planning to standardise the quality of planting materials across the country. If everything goes as planned, the project will take off in June this year, coinciding with the…