Local companies have moved to make tyres for long-haul buses and trucks, a sector that is dominated by imports. Gazi Tyre, a concern of Gazi Group, is the first to make large tyres for the rapidly growing transport sector. “We…
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India’s natural rubber prices hit 4 year low on supply-dealers
Natural rubber prices in India, the world’s fourth-biggest producer, dropped to their lowest level in nearly four years on Thursday on ample supplies and a fall in overseas prices. Lower prices would bring down raw material costs for tyre makers,…
DEH welcomes tyre solution
The Department of Environmental Health (DEH) says it welcomes local business efforts to take away the millions of tossed tyres at the George Town landfill. Dr. Maysson Sallam says government will likely have to issue a new tender if it…
Indonesia rubber price down, calling for export retention
The export price of Indonesias rubber, SIR20, continued to fall to as low as US$1.886 per kilogram at the Singapore Bourse on Jan. 30 for Februarys shipment. Executive secretary of the the North Sumatra branch of the Indonesian Association of…
Pirelli denies receiving any proposal from potential buyers
The head of Pirelli said on Wednesday he had received no proposal regarding a possible sale of the Italian tyremaker. “No proposal arrived to the undersigned and I did not make any proposal to the Pirelli board,” Pirelli’s Chairman and…
Brenntag opens dedicated Rubber service facility in Italy
Brenntag, the global market leader in chemical distribution, has opened a new specialized Rubber service facility in Orbassano (Turin), a strategically ideal location close to the national automotive industry in Italy. In an international expanding Rubber industry, this new site…
Thai rubber price drops to lowest since 2009
The price of rubber in Thailand has dropped to the lowest seen since 2009, decreasing 19 per cent month-on-month. According to Mintec, the cost has declined by 64 per cent since its peak in 2011. Thailand is the world’s top…
Details of new Tire Cologne announced
Between May 29 and June 1 2018, a new exhibition aimed at the international tyre industry will take place in Germany. “The Tire Cologne”, as the show will be called, will be supported by current Reifen show main sponsor the…
Camoplast Solideal acquires Cherokee Tire
Industrial tyre and track maker Camoplast Solideal Inc. has bought Cherokee Industrial Tire of Lexington, S.C., to reinforce its materials-handling service network throughout the U.S. Northeast, South and Midwest. Financial terms of the deal were not disclosed. Founded by the…
ATD to buy Hercules Tire for $310M
American Tire Distributors Holdings Inc. (ATD) has agreed to buy Hercules Tire & Rubber Co. for about $310 million, subject to certain customary pre-closing adjustments. American Tire Distributors will effect the purchase through ATD Merger Sub II L.L.C., an indirect…