SWISS firm Trelleborg AB has announced its acquisition of US-based Maine Industrial Tire. As a result, the company will be integrated into Trelleborg Wheel Systems business area. A press release on the agreement regarding the acquisition was published on December…
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China, largest tyre producer in 2012, says report
There are more car ownership in China and thereby, demand for new car tyres and replacement tyres have increased in the past five years.
Malaysian rubber prices to benefit from strong market demand
An optimistic market outlook for rubber , driven by a better demand in China is expected to bolster Malaysian rubber prices, market observers say.
Pirelli in Rosneft deal to sell tyres in Russia
ITALY’s Pirelli has signed a deal with Moscow-based oil producer, Rosneft, allowing it to sell the Italian-made tyres at Rosneft’s gas station chain in Russia. According to Pirelli, Rosneft will create a working group to develop the product mix, supply…
US tyre association lowers 2012 estimates, sees growth for 2013
RMA has forecast a 2% shipment increase for the coming year, pushed by “an increase in vehicle miles traveled and anticipated economic growth.”
Mitas recalls E-07 motorbike tyres
The tyres, which were sold to customers mostly in Europe and North America, are said to lose air pressure, hence the recall
Conti US plant to be up ahead of schedule
THE construction of Continental Tire of the America’s US$ 500 million-worth Sumter tyre plant is expected to be completed ahead of schedule. The site, which will begin production in late 2013 or early 2014, can produce 8 million passenger and…
Toyota poised to regain top car maker spot in 2013
Toyota’s estimate sales expanded 22% to a record 9.7 million in 2012, the biggest gain since 2000.
Indian industry group seeks tax cuts on rubbers
Lower import tariffs on raw materials such as butyl rubber and hi-tech synthetic rubbers, but duty for finished products will be kept high.
Rubber climbs to seven-month high on weak yen
Rubber prices have soared to the highest level since May as a weak Japanese currency boosted the appeal of yen-based contracts. Rubber for delivery in June, the most-active by volume, gained 1.6% to settle at 292.1 yen/kg (US$3,445 a tonne)…