With the acquisition of the business of local manufacturer Taizhou Fuju Rubber Belt Manufacture, German firm ContiTech says it is continuing the expansion of its drive belt business in China. To date, the Chinese company, founded in 1993, has predominantly…
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Rubber World global distribution up 30%
Rubber World Industries (RWI), a leading manufacturer of closed-cell rubber insulation ‘Gulf-O-Flex’ in the Gulf and South East Asia, has reported a 30% increase in its global distribution operations for 2013. The growth is widely attributed to the growing demand…
Rubber output down on protests
Rubber production in Thailand, the world’s largest exporter, may decline as growers from the main producing regions join protests seeking to overthrow the government, according to Von Bundit Co. Output may drop 1 to 20% this month and in February…
Marangoni to sell Anagni car and LT tyres plant
Italy-based Marangoni Group has appointed PricewaterhouseCoopers Corporate Finance (PwC) as its financial advisor to assist the company’s management in negotiations with potential buyers of the car and light truck tyres plant based in Anagni near Rome. Following the suspension of…
Malaysia eyes rubber plantation in Manila
The BIMP-EAGA (Brunei, Indonesia, Malaysia and Philippines East Asean Growth Area) Malaysia Business Council is in active discussions with a government-linked company (GLC) to embark on a large-scale rubber plantation in Palawan, the Philippines. Its chairman Roselan Johar Mohamed said…
November 2013 winter tyre stats indicate a strong season
The winter has been among the worst ones this year, however, not the coldest. While the environmental ministry has announced that following the stormy weather, about 1700 homes have already been flooded, most of the UK is experiencing high temperatures,…
Ryan & Maniskas, LLP announces class action lawsuit against Cooper Tire & Rubber Co.
Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of purchasers of Cooper Tire & Rubber Co. (“Cooper” or the “Company”) (NYSE: CTB)…
Michelin reveals all-season tyre
Thanks to new technology, Michelin’s Premier A/S all-season tyre is said to maintain high performance even as the tread wears down Unlike wine, tyres don’t age well. Michelin knows this all too well, and so has incorporated some clever tricks…
AmResearch maintains Buy on Kossan, raises fair value
AmResearch has maintained its Buy rating on Kossan Rubber Industries Bhd at RM4.09 with a higher fair value of RM5.05 (from RM3.80), and said although Kossan’s share price had performed exceedingly well in the last year, the stock had further…
Dealers take tyre-makers like MRF, JK and Birla Tyres to CCI over cartelisation
TYRE dealers have dragged MRF, JK and Birla Tyres among other tyre manufacturers to the competition watchdog alleging cartelisation and that pricing of tyres was “disproportionate and arbitrarily”. The federation has charged that despite a sharp drop in rubber prices…