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Tyre Industry: Speeding up towards sustainability

Amid environmental issues over rising carbon emissions, the rubber/tyre sector is stepping up ...

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Pirelli to Invest US$300 Million in Mexico

Pirelli inaugurated a new factory in Mexico, in Silao, in the state of Guanajuato. The new plant, Pirelli’s first in Mexico and the 22nd tire plant worldwide, is mainly focused on the premium segment, producing high performance and ultra-high performance…

Nexen’s Changnyeong plant on stream

Nexen Tire Corp announced that its factory in Changnyeong, South Korea is now on stream. The light tyre factory, Nexen’s second in Korea and third overall, will produce 3 million consumer tyres in 2012. Next year, the company will double…

Apollo opens component prep unit in South Africa

Apollo Tyres announced that it has opened a new state-of-the-art Component Preparation Unit at its Ladysmith tyre manufacturing facility in South Africa. The 6,500 sqm unit has the potential for further expansion to facilitate future growth. The US$35 million investment…

Amerityre reports low quarter results

Amerityre Corp.’s net loss for the quarter ended March 31 was 45% deeper than a year earlier despite 17.4% higher sales. Amerityre’s net loss — its 67th consecutive money-losing quarter — was US$218,128 on sales of US$1.01 million. Amerityre, a…

Rubber & metal drive Sri Lanka’s Q1 exports

Sri Lanka’s first quarter exports remained strong desite volatile global oil prices and global downturn. Appearing unaffected, the country reported only a marginal 1.4% export drop (US$2.63 billion) compared to last year’s first quarter at US$2.67 billion. Minister Rishad Bathiudeen…