Tyre maker Bridgestone has pleaded guilty to price-fixing and agreed to pay a $425m (£255m) fine to the US Department of Justice (DOJ). According to the charges, Bridgestone participated in raising the prices of anti-vibration rubber parts sold to car…
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Japan tyremaker shares drop on dissolved Goodyear alliance
Shares in Japanese tyremaker Sumitomo Rubber dropped more than five percent Friday morning after US partner Goodyear said it was dissolving the firms’ longstanding alliance over allegations of anti-competitive behaviour. The Tokyo-listed stock finished the morning session down 5.39 percent…
Price fluctuations turn rubber barons into common man
Anybody from outside Kerala visualizes the image of a planter from the rubber district of Kottayam as someone wearing branded clothes, living in a posh house, spending lavishly on food and jewellery and driving a swanky car, which he changes…
Goodyear Tire & Rubber earnings projected to increase
Wall Street is high on Goodyear Tire & Rubber, expecting it to report earnings that are up 62% from a year ago when it reports its fourth-quarter earnings on Thursday, February 13, 2014. The consensus estimate is 63 cents per…
Continental named tyre manufacturer of the year
An international jury also praised the company for the recycling of rubber from end-of-life tyres in conjunction with the retreading of truck tyres at the ContiLifeCycle plant in Hanover. The award was presented at a ceremony held at the Tyre…
China, tyre makers buy as calls to limit sales fall on deaf ears
Main rubber consumer China and tyre makers purchased several cargoes for nearby shipment this week after prices sank to multi-year lows, with producer nation calls for dealers to limit sales falling on deaf ears, traders said on Wednesday. Tyre grades…
JK Tyre expects more sales due to elections
JK Tyres expects sales of tyres to get a boost from the preparation of the upcoming general elections in the country. Arun Kumar Bajoria, President of JK Tyre & Industries Ltd, said, “We are expecting the sale of commercial tyres…
Chinese rubber imports rise 23 percent in January
Chinese rubber imports climbed nearly a quarter in January from the year before, customs data showed, even as inventories held by the world’s biggest buyer of the material continued to swell. Imports rose 22.7 percent year on year to 480,000…
The world’s first non-studded winter tyre with studs
Nokian Tyres presents the world’s first non-studded winter tyre with studs in connection with the 80th anniversary of the winter tyre. With this revolutionary concept tyre and its unique stud technology the inventor of the winter tyre gives a hint…
Styron launches new grades for tyre market
Styron, the global materials company and manufacturer of plastics, latex and rubber, has launched two new additions to its Sprintan rubber range, which have been tailored to meet the evolving needs of the global tire industry. Styron says its Sprintan…