PIRELLIi & C SpA and automotive components maker, Astra Otoparts Tbk PT have made an agreement to construct a new factory in Indonesia. The factory will be Pirelli’s first in the country for the production of conventional motorcycle tyres. In…
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India Rubber
The All India Rubber Industries Association (AIRIA) was established in 1945 with the purpose of representing the rubber sector in ...
Country Focus: An alliance that keeps Asia’s “white gold” shining
Despite challenges in the global market and supply chain, Asia’s primary rubber producers are successfully achieving their growth targets, with ...
Sustainability: Southeast Asia’s rubber sector rooting for sustainability
Promising solutions are emerging in the form of sustainable rubber practices, aimed at curbing deforestation and substantially reducing the environmental ...
Rubber industry in the digital age: how technology can save forests, boost business
Emerging policies on ethical material sourcing, such as the EU Deforestation-free Regulation (EUDR)’s zero-deforestation rule, underscore ecosystem preservation and market ...
Gloves sector holding up through the headwind
Malaysia’s glove makers are benefiting from streamlining of operations, new investments, and net-zero collaborations to mitigate the impact of low ...
Medical technology market shapes up with silicones
Global and Asian markets for silicones in the healthcare and medical industries have grown in tandem with the advancement of ...
Belarus-Italy joint venture to be set up at Legmash
ITALIAN company Manuli Rubber Industries and a Belarusian plant Legmash, a part of Belarusian Steel Works, have plans to set up a joint venture. The partnership will focus in the production of high-pressure hoses for mechanical engineering. The capacity of…
Pirelli acquires 60% of Campneus
PIRELLI has signed an agreement to acquire 60% of the company equity of Campneus, a leading tyre distribution network in Brazil, for EUR22.5 million and subject to adjustment on the basis of the asset situation on the closing date. In…
Battle continues for Butamax and Gevo
The year-old fracas started when Butamax was first awarded its patent in December 2010 and filed suit for infringement against Gevo in January 2011.
ContiTech up sales by 16%
CONTITECH AG, one of Continental AG’s five divisions reported sales of EUR3.6 billion in the past fiscal year, a considerable increase of 16% from last year’s figure of EUR3.1 billion. The operating result (EBIT) also improved, rising 13% from EUR370…
Delticom AG says Q1 profitable but fails expectations
GERMAN online tyre dealer, Delticom has released preliminary figures for the first quarter of 2012. While revenues came in flat YoY (EUR85.5 million in Q1 2012 and EUR85.4 million Q1 2011), earnings before interest and taxes (EBIT) fell to EUR3.4…
Preliminary hearing scheduled in Bridgestone trade secrets case
A PRELIMINARY hearing in the case against a former Bridgestone Americas senior scientist accused of stealing trade secrets is scheduled for May 18 in Akron federal district court, according to a spokeswoman for the Cleveland office of the FBI. Xiaorong…
Hexpol cites 2011 best year
HEXPOL Group announced that its sales rose by a healthy 89% to about US$1.06M. They increased their earnings by 72% to US$2.76 per share. Operating profit rose sharply to US$132.8M and operating cash flow remained strong, as previous years, amounting…
EU car sales in March still below 2011, but decline may be easing
LAST March, demand for new cars in the European Union was negative for the sixth consecutive month, with a decline of 7% compared to March 2011 – a lower decrease than the 9.7% seen in February. Data from ACEA, European…
Pirelli names best suppliers of 2011
THE Pirelli Suppliers Awards gave honour to its best suppliers for 2011. Chairman and CEO Marco Tronchetti Provera, along with chief purchasing officer Carlo Costa, presided at the ceremony held at the company’s Milan headquarters. The award winners were: PT.…