INDIAN tyre maker Apollo Tyres’s consolidated revenues in the second quarter grew by a whopping 47% at Rs28.7 billion and for the first half of the year by 51% at Rs 56.9 billion. A large part of the growth in…
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Michelin to sell shareholding in Hankook
FRENCH tyre maker Michelin plans to sell up to 15 million shares it owns of Hankook Tire, representing approximately 9.98% of the share capital of this company, via an institutional private placement by way of an accelerated book building. Michelin…
Michelin reports higher sales
FRENCH tyre maker Michelin says its net sales totaled EUR15,246 million in the first nine months of 2011, up 17.3% over the year-earlier period. The company also reported a 9.3% increase in sales volumes, reflecting the group’s good performance in…
Reduction of tariffs for Korean tyres into US
THE US-based Tire Industry Association (TIA) reports recently signed Korean-United States Free Trade Agreement will reduce the tariff on the importing of Korean manufactured car and truck radial tyres from 4% (3.4% for non-radial) through a series of graduated step-downs…
New hq for Goodyear
US-based Goodyear Tire & Rubber held a topping ceremony for its new corporate and North American headquarters in Akron, recently. It says it is transitioning from its 85-year-old headquarters to a state-of-the-art campus. The headquarters project is scheduled to be…
Vietnam adjusts tax tariff on rubber exports
VIETNAM has decided to make adjustments on the tax tariff for export of some rubber commodities. Export of natural rubber products and natural rubber latex, which are either pre-vulcanised or unvulcanised will be subject to a tax of 3%, instead…
Cutting growth of rubber to stabilise prices
THAILAND’S rubber growers in the southern provinces have agreed to reduce supply by at least 25% in an attempt to stabilise prices that have been declining steadily for two months. Planters will reduce tapping to 15 days a month from…
Carlisle selling German rubber parts unit
US-based conglomerate Carlisle is selling the non-roofing and waterproofing unit of its German company, PDT Phoenix, to the Datwyler Group of Altdorf, Switzerland. The business unit makes elastomer profiles for use in applications for tunnels, rail, windows and facades and…
Lanxess improving EPDM plant in the US
German speciality chemical fim Lanxess is investing US$7 million in new finishing technology for ethylene-propylene-diene monomer (EPDM) rubber at its Texas manufacturing plant.
Tool kit for EPDM
TO mark the 50th anniversary of its Vistalon ethylene propylene diene (EPDM) rubber, US-based ExxonMobil Chemical has developed a tool kit of model formulations, enabling customers to develop compounds to meet demanding industry specifications quickly and cost-effectively. This latest addition…