NEW DELHI, India — Continental A.G. plans to invest $71 million through 2013 in its newly acquired tire plant in Modipuram, India, to expand bias-ply truck tire capacity and add capacity for radial car and truck tires. The projects, announced…
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Tyre Industry: Speeding up towards sustainability
Amid environmental issues over rising carbon emissions, the rubber/tyre sector is stepping up ...
Research to grow rubber in non-traditional areas begun
THE Rubber Research Institute had started research and experiments to see whether it was possible to cultivate rubber in Kilinochchi, Mullaitivu and Vavuniya Districts, Plantation Minister Mahinda Samarasinghe said in Parliament yesterday. Minister Samarasinghe said that there is a growing…
Tokyo futures ease on investor risk aversion
KEY Tokyo rubber futures were mostly lower, as investors remained cautious about taking risks and also before a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day for clues on the U.S. economy and monetary policy. Fundamentals…
Goodyear reports higher second quarter earnings on 24% sales growth
AKRON, Ohio– The Goodyear Tire & Rubber Company today reported record sales and higher earnings for the second quarter of 2011. “I’m very pleased with our outstanding second quarter results, which represent another step on the path toward our 2013…
Kumho tyre ordered to move China factory
KUMHO Tire’s Nanjing factory has received an order from the city’s Department of Environmental Protection to move to a new location, Economic Observer News reported on August 20th. The Korean tire maker is among 173 companies across China to receive…
Tyre industry left threadbare
IMPORTS now command the majority of the South African car tyre market, causing inevitable downsizing in the industry and the loss of thousands of jobs. But if the tyre industry wins a case currently before the Supreme Court, it could…
Cabot to increase output of silica
In line with the rising global demand for silicones, which is expected to continue to grow at 5-10% a year over the coming decade, US producer Cabot will expand its production capacity by 25% at its fumed silica facility in…
Hose business strengthened
SWEDEN-based Trelleborg will acquire 60% of French company Bloch, with an option to acquire the remaining shares later. Bloch specialises in solutions and couplings for a wide range of industrial hoses that offer protection in demanding environments, such as chemical…
Continental buys Modi Rubber
The world’s fourth largest tyre maker, Continental, has paid EUR18.5 million for 100% shareholding in Indian Modi Tyres, to push ahead with its plan to produce passenger car and truck tyres in India. Modi Tyres will become a wholly-owned subsidiary…
Tyre additive maker makes a leap
MALAYSIAN company, Performance Additives has opened a facility in the US. Located on a 3.5 acre site in Ohio. The facility will manufacture an additive said to allow for more efficient tyres. Early this year, Performance Additives acquired the DTC…