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…
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LSR: Silcotech and Momtech partner for baby bottle
Anyone who has ever fed a baby can tell you it’s not necessarily ...
Tyre Sector: Asian tyre sector to amble along with US tariff imposition
The higher than expected trade tariffs imposed by the US may shake up ...
Tyre Industry: Speeding up towards sustainability
Amid environmental issues over rising carbon emissions, the rubber/tyre sector is stepping up ...
ARDL: Discover Excellence in PPE Pharmaceutical and Microbiological Testing with ARDL
In the ever-evolving world of the medical and pharmaceutical industries, ensuring the ...
Tyre Sector: Turning the wheels for green solutions in tyres
Disruptive technologies in tyre manufacturing now focus on reducing environmental impact through materials ...
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.…
Engel doubles up capacity in Shanghai
AFTER realising huge sales from Asia, Engel Austria will continue this growth by doubling the capacity of its large-scale machine works in Shanghai. Engel has invested EUR 12 million in the extension of the Shanghai plant. The injection moulding machine…
Kaiping and Second invest on new tyre cord weave plant
Kaiping High-Performance Rubbers and Second Co. Ltd held the opening ceremony of its new facility in Guangdong Kaiping Green Lake New District. The plant, worth US$50 million, covers an area of 497,763 square metres and will be producing 600 tonnes…