German automotive parts supplier ContiTech’s Changshu centre will develop products for vehicle mounting and vibration control technology in close collaboration with customers such as Geely, Great Wall Motor Company, General Motors, Shanghai Volkswagen and Qoros. ContiTech has invested about EUR8…
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Continental achieves higher sales, amidst a gloomy outlook
German firm Continental Corporation has set new records last year, against the back of a difficult market environment, achieving a profit of EUR1.9 billion and 7.3% higher sales to EUR32.7 billion and EUR25 billion in incoming orders. The firm says…
Import levy hike will only benefit China, Indian rubber groups warn
THE government’s proposed 70% import tax hike for natural rubber (NR) is nor welcomed by tyre and non-tyre manufactures in India. They allege that it will further harm the local manufacturing sector, conversely giving competitive edge to importers of finished goods, like China.
Bridgestone is folding up tyre plant in Italy
ZAVENTEM-headquartered Bridgestone Europe is closing down its passenger car tyre production facility in Bari, Italy within the first half of 2014. The Bari plant, fully owned by Bridgestone Italia S.p.A., is one of eight Europe-sited Bridgestone tyre plants. Bridgestone assured…
Supermax to capture Latin American and Middle Eastern markets
GLOVE maker Supermax Corp Bhd is expanding its operations into the Latin American and Middle Eastern countries. Supermax’s Executive Chairman and Group Managing Director Datuk Seri Stanley Thai noted that Egypt would be the company’s gateway to the Northern African…
Ford to launch India-made EcoSport for the EU market
Ford Motor is exporting to Europe its EcoSport compact crossover built from the company’s Chennai factory. The vehicle, which will be launched in late 2013, is expected to take hold of a significant European market share for Ford, which is…
Tamil Nadu Tyre Dealers Association to join in Tyrexpo
THE Tamil Nadu Tyre Dealers Association (TNTDA) will be exhibiting at the upcoming Tyrexpo India to be held 9-11 July at the Chennai Trade Centre. This was announced by the show’s organiser, ECI International. In support of the tyre show,…
Eni faces millon euro penalties for cartel rap
AN additional EUR90.75 million (US$118.64 million) fine has been charged to Italian oil and gas firm Eni for its role in a 2006 synthetic rubber cartel case, according to EU antitrust regulators. Earlier, in 2006, the European Commission penalised Eni…
Tokai acquires Dytech-Dynamic Fluid Technologies
THROUGH the acquisition, Tokai automotive hoses business can expand its regional coverage mainly in Europe and South America; expanding its global footprints from existing 8-15 countries.
Lanxess shifts to SSBR production in Brazil plant
LANXESS has decided to convert production of emulsion styrene butadiene rubber (ESBR) used in standard tyres to solution styrene butadiene rubber (SSBR) used in high-performance “Green Tyres” at its site in Triunfo in southern Brazil, in lieu of a feasibility…