Continental Tire the Americas, LLC (CTA) today celebrated the grand opening of its all-new plant in Sumter, South Carolina. The ceremony marked the completion of the construction process and the beginning of tyre manufacturing. The tyres produced at the Sumter…
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Rubber futures slip into bear market as China’s inventory rises
Rubber futures in Tokyo fell into a bear market as stockpiles in China swelled to a nine-year high, signaling weakening demand from the largest consumer of the commodity used in tires. Rubber for delivery in June on the Tokyo Commodity…
Hankook Tire’s operating profit up 14.6 pct in Q4
Hankook Tire Co., South Korea’s leading tyre maker, said Tuesday its fourth-quarter operating profit moved up 14.6 percent from a year earlier, helped by growth in sales of high-value added products. Operating profit, a key indicator of business performance, came…
Continental embarks on TPMS function production – Further development on the cards
The leading tyre maker, Continental Tyres, has declared that it has begun series production of a novel feature – ‘Filling Assistant’ – pertaining to its TPMS system. This new feature will ensure that tyres run only on correct pressure always,…
‘Smart rubber’ to be produced in Kazakhstan
The first recycling plant for used tyres has been opened in Kyzylorda city in southern Kazakhstan on January 27, 2014, Tengrinews reports citing the press-service of the Oblast Akimat (Regional Authorities). Tyres will be recycled into ‘smart rubber’ in the…
Rubber glove shares rise on bird flu, weaker ringgit
Shares of Malaysian rubber glove manufacturers rose as much as 3% on news of bird flu outbreaks in China and South Korea. Stocks like Supermax Corp Bhd, Kossan Rubber Industries Bhd and Hartalega Holdings Bhd have also gained as the…
Kerala mulls rubber procurement
Kerala plans to procure rubber from the open market to meet the demand from its production units, Chief Minister Oommen Chandy informed the state assembly Tuesday. Responding to a calling attention motion, Chandy told the assembly that fall in rubber…
Yokohama combines Japanese retreading operations
In order to strengthen its Japanese-market retreading activities and meet an anticipated increase in demand for retreaded tyres, on Jan. 1 2014 Yokohama Rubber integrated its two domestic retreading businesses into a single entity. The new Japanese retreading company is…
Kossan to double production capacity
Kossan Rubber Industries Bhd (Kossan) expects to double its gloves production capacity to 32 billion pieces a year by 2017 to meet the rising demand. The production expansion is also expected to sustain its earnings growth by 20 to 25…
Rubber price expected to ease next week
Malaysian rubber prices are expected to be on a downtrend next week due to lack of demand from the world’s biggest rubber consumer, a dealer said. Chinese investors had started to pull out of the market ahead of the Lunar…