Continental AG's acquisition of Veyance Technologies runs into U.S. regulatory issues

German car parts and tyre manufacturer Continental AG may not be able to close its acquisition of U.S.-based industrial hoses and conveyor belts maker Veyance Technologies due to U.S. regulatory issues. Hanover-based Continental had in February proposed buying Ohio-based Veyance, which once belonged to rival tire giant Goodyear, from private equity firm Carl

Source: 中国橡胶网

2014/11/10

Triangle Annual Meeting Sets Stage for North American Growth

Shandong, China-based Triangle Group Co. held its annual meeting in Las Vegas this week to announce its North American plans, which include two new product launches and details of a newly formed partnership for U.S. distribution. “In order for Triangle to acquire a global company status, we must better service our dealers by expanding our footprint, f

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2014/11/07

Yokohama prevails in counterfeit aluminum wheels action in China

Yokohama Rubber Co. Ltd. said it has successfully completed its efforts to eliminate counterfeit aluminum wheels in China. The company filed a complaint and submitted information to the Guangzhou Bureau of Public Security in Guangzhou, Guangdong Province, regarding a distributor of counterfeit sports car aluminum wheels imitating Yokohama’s “Adv

Source: 中国橡胶网

2014/11/06

China's Greatoo eyes U.S. tire mold growth

Chinese tire mold maker Greatoo Inc., which established a U.S. presence earlier this year by buying a 75-percent share of Northeast Tire Mold Inc., is planning to invest $20 million to relocate Northeast’s factory to a new site in Akron or the surrounding region. The partners have not selected as site yet, according to said Roy Hood, director/sales ma

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2014/11/05

Cabot announces fourth quarter and full fiscal year results

Cabot Corporation announced results for its fourth quarter and full fiscal year 2014. Key Highlights: Delivered record adjusted EPS in fiscal 2014 representing a 17 percent increase over fiscal 2013; strong cash flow generation with fiscal 2014 cash flows from operating activities of $305 million; higher year-over-year volumes in Reinforcement Materials and

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2014/11/03

China natural rubber prices on October 30

Commodity Sectors Price Date Natural rubber Rubber & plastics 11796.67 2014-10-30 Natural rubber Rubber & plastics 11790.00 2014-10-29

Source: 中国橡胶网

2014/10/31

Sumitomo’s Brazil Factory Meets Environmental, Safety Standards

The Sumitomo Rubber Group’s tire factory in Fazenda Rio Grande, Brazil has been awarded both the ISO 14001 Environmental Management System Standard and the OHSAS 18001 Occupational Health and Safety Standard, Tyres & Accessories reported. With its most recent certification, Sumitomo has obtained ISO 14001 certification for 31 of its facilities. Th

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2014/10/30

Michelin's third quarter sales decline slightly

Michelin’s sales revenue in the quarter and nine months ended Sept. 27 fell 4.6 and 4.7 percent despite a 1 percent gain in sales volume, the tire maker reported. Michelin attributed the lower revenue figures to a negative price-mix effect of 2 percent, which it tied largely to long-term “contractual indexation clauses and price repositionings&r

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2014/10/29

Bridgestone Opens Vietnam Plant

A little over a year ago, Bridgestone broke ground on its first passenger car tire facility in Vietnam. This past week, Bridgestone Corp. hosted a grand opening ceremony for the Bridgestone Tire Manufacturing Vietnam Limited Liability Co. (BTMV) plant, located in Hai Phong City. The grand opening of the 252.5-acre tire plant comes six months after productio

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2014/10/28

India tire manufacturers consider increasing SBR percentages to protect their margins

A rebound in natural rubber prices has prompted tire manufacturers to replace natural rubber with synthetic products to keep their margins intact. Spot polled prices by Ahmedabad-based National Multi Commodity Exchange (NMCE) showed around a 6 percent increase in the last one week after hitting an over six months low on October 14. NMCE data showed the natur

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2014/10/27

Mesnac and Siemens sign agreement to build digital tire factory

On October 15, Mesnac Co., Ltd. and Siemens (China) Co., Ltd. signed a strategic partnership agreement in Qingdao and aim to explore the field of digital factory together. The two parties have reached consensus on the development of digital manufacture in the tire industry, and will establish long-term strategic cooperation relationship. Zheng Jiangjia, exec

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2014/10/24

Federal breaks ground on second Taiwan plant

Taiwan tire maker Federal Corp. has broken ground on a $300 million car and light truck tire plant in Taoyuan, its second factory in Taiwan and third overall. Federal management, local government officials and guest were on hand on Monday for the ceremonial first shovel of dirt for the 150,640-sq.-ft. building in Taoyiuan Industrial Park. The plant will em

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2014/10/21

Dunlop Aircraft eyes U.S. plant

Dunlop Aircraft Tyres Ltd. has selected a site in Mocksville, N.C., as the preferred base for the retreading plant it is planning to open to serve customers throughout the Americas. Final approval of the site, however, depends on the company's gaining state funding for the modernization of a vacant industrial building at the location in Davie County, N.C.,

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2014/10/20

Malaysian natural rubber exports fall for the month of August

Natural rubber (NR) exports in August 2014 fell by 9,644 tonnes or 16 per cent to 50,467 tonnes, as compared to the previous month, said the Statistics Department. In a statement this week, the department said compared with August last year, the exports showed a drop of 28.0 per cent. It said Standard Malaysian Rubber (SMR) contributed 93.6 per cent of the t

Source: 中国橡胶网

2014/10/17

China natural rubber prices on October 14

Commodity Sectors Price Date Natural rubber Rubber & plastics 11240.00 2014-10-14 Natural rubber Rubber & plastics 11266.67 2014-10-13

Source: 中国橡胶网

2014/10/15

Sumitomo to Invest in South African Factory

Sumitomo Rubber Industries will invest $100 million in its South African factory, the Asian Review reports. The tiremaker will expand on its facility in the KwaZulu-Natal province, which was purchased from Apollo Tyres in 2013. Currently the site produces 9,600 tires a day, but Sumitomo plans to increase daily output to 12,200 tires in 2016 and eventually 1

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2014/10/14

Antidumping duty decision on Chinese tires postponed

The U.S. Department of Commerce’s International Trade Administration has postponed its preliminary determination on an antidumping duty investigation against Chinese passenger and light truck tires. The new deadline for the decision is Jan. 20, 2015 — changed from the original date of Dec. 1, 2014, according to a notice published in the Oct. 9 F

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2014/10/10

Chengshan Group to buy Cooper JV in China

China’s Chengshan Group Co. Ltd. plans to exercise its option to acquire Cooper Tire & Rubber Co.’s 65-percent ownership stake in their Cooper Chengshan (Shandong) Tire Co. Ltd. joint venture, Cooper Tire said. Cooper did not disclose the value of Chengshan Group’s offer. Earlier, though, an independent firm that was hired to establish

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2014/10/09

Malaysia and Thailand discuss cooperation to reverse plummeting rubber prices

Government officials are hoping rubber prices will soon rebound after Thailand’s agriculture minister met with his counterpart from Malaysia Monday. The ministers from both major rubber-producing countries discussed cooperative measures they can take to reverse plummeting prices. A tripartite meeting that includes senior representatives from Indonesia

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2014/10/08

Natural rubber prices nosedive on poor demand

Natural rubber (NR) prices nosedived in various global markets on account of poor demand from countries like China and oversupply of the commodity. Bangkok market today quoted Rs 98/kg for bench mark grade RSS-4 while Tokyo Commodity Exchange (TOCOM) recorded a crash ranging from 5.7 to 8 percent in various contracts. This is for the first time in last seven

Source: 中国橡胶网

2014/09/30