CRIA rated as 5A association by Ministry of Civil Affairs

On May 22, Ministry of Civil Affairs of China issued No.315 Announcement, which is the assessment result for national industry associations. China Rubber Industry Association (CRIA) was rated as 5A rank. According to the request of Social Organization Assessment & Management Measure and Notification about 2013 Social Organization Assessment from Ministr

Source: 中国橡胶网

2014/05/30

Bridgestone Launches Agricultural Tire

Bridgestone has launched a premium range of radial agricultural tires at Reifen 2014. While the manufacturer boasts a wide range of products for the sector under its Firestone brand, including the Performer and Maxi Traction, the Bridgestone VT-Tractor will focus on the growing high performance tractor segment. The tires were developed at the company’s

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2014/05/29

China, Russia Sign Agreement on Joint Rubber Venture in Shanghai

Russian gas processing and petrochemicals company SIBUR and Chinese energy giant Sinopec have signed an agreement during Russian President Vladimir Putin’s state visit to China on Tuesday to create a joint rubber venture in Shanghai. "The Chinese market is developing dynamically and is oriented at localization. Sinopec has a substantial resource

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2014/05/28

FAW- VW Foshan Plant Capacity Increase, Total Capacity Grows to 600 Thousands

On May 7, FAW- VW has its groundbreaking ceremony for the second phrase project of Foshan Plant at South China Base. The plant will own about 300 Thousand cars capacity after the second phrase project build up. The entire production capacity will mount to 600 thousandth. According to the plan, the investment of the second phrase South China Base of FAW- VW

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2014/05/27

Carbon black shortage predicted by 2016

The U.S. tire industry will start seeing shortages of carbon black as early as 2016 as carbon black producers face increasingly stringent environmental regulations, according to Gregory King, vice president of marketing for Sid Richardson Carbon Co. Speaking at the 30th annual Clemson University Tire Industry Conference, Mr. King said pending U.S. Environme

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2014/05/26

Heico Tire & Rubber Group celebrates ground breaking ceremony of new facility

The Heico Tire & Rubber Group celebrated with a ground breaking ceremony at the site of their new building to be located at One Vision Lane in Akron, OH. Working with Campbell Construction and David Pelligra Architects, they broke ground on a new 100,000 square foot building that will be home to both RMS Equipment and Steelastic. The new facility will d

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2014/05/22

LANXESS undertakes a complete rebranding of its butyl rubber products

LANXESS, one of the world’s leading manufacturers of synthetic rubber, has undertaken a complete rebranding of its butyl rubber products. A package encompassing a global ability to deliver products anywhere, anytime, extensive technical expertise, a focus on innovative solutions and customer demands – all this is what the new LANXESS X_Butyl bran

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2014/05/21

Yokohama reports increased income

Yokohama Rubber Co. Ltd. recorded double-digit gains in operating and net income in the quarter ended March 31 on 9.6-percent higher sales. Operating income rose 18 percent to $114.1 million, while net income gained 14.8 percent to $63.1 million, Yokohama said, reflecting robust growth both domestically and internationally as well as falling raw materials c

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2014/05/16

Pirelli issues results for the first quarter of 2014

The results for the first quarter of 2014 show growth in the main economic indicators, which reflects the recovery of demand in Europe, which could already be seen in the last quarter of 2013, and the ever growing positive contribution to results of the Premium segment on which Pirelli is focused. This growth was achieved notwithstanding the impact of exchan

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2014/05/15

STARCO expanding Sri Lanka tire plant

STARCO Europe A/S is expanding its solid rubber tire plant in Sri Lanka, to help meet rising demand for its Tusker and Unicorn forklift tire lines. STARCO did not disclose the scale of expansion or investment, but said the project is designed to increase production flexibility and capacity at the plant opened just two years ago with an original capacity of

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2014/05/14

Thailand to sell large stocks of NR

The world's largest natural-rubber producer, Thailand, said it would unload huge stocks of the product, a move that is likely to drive already depressed prices lower in the week ahead. The news of the impending sale followed the failure of earlier efforts by the three-country southeast Asian cartel that dominates the sector to put a floor under rubber price

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2014/05/13

LANXESS begins realignment

Following a modest start to 2014, LANXESS is currently developing measures to realign the company. "We must become significantly more competitive and profitable again," said Matthias Zachert, LANXESS’ Chairman of the Board of Management. "The focus will therefore be on the business portfolio, our business units, the efficiency of our ad

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2014/05/12

Cooper Tire's sales decline, but still strong

Cooper Tire and Rubber Co. reported a decline in both net income and sales for the first quarter ending March 31. Net income fell to $51.7 million, down about 18 percent from 2013. The firm reported net sales at $796 million, which is a $65 million decline from 2013, and operating profit came in at $81 million, $16 million lower than 2013 and 10.2 percent

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2014/05/08

Hankook reports slight decrease for first quarter

Hankook Tire Co. Ltd. reported slightly lower sales and earnings for the quarter that ended March 31, but the Seoul-based tire maker maintained a solid operating profit/sales ratio of 15.5 percent. Hankook did not elaborate on the reasons for the sales and earnings dips, focusing instead on its above-average growth in ultra-high-performance tire sales globa

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2014/05/07

China's impact sizable on truck tire market Improved quality More accepted Affect of pricing

The commercial truck tire market has certainly changed in the last 20 years as China, “The Sleeping Giant,” awoke from its nap, crawled out of bed, yawned, put on its running shoes and then took off. The impact of such a large and dynamic force has been sizeable on the global tire market, not to mention the North American commercial truck tire m

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2014/05/06

Toyo Tire opens subsidiary in Germany to serve European market

Toyo Tire & Rubber Co., Ltd. announces that it will establish Toyo Tire Deutschland GmbH as an overseas tire sales subsidiary in Germany on May 1, 2014. Previously, all tire sales for the German and Austrian markets were handled by the sales division of Toyo Tire Europe GmbH, a tire sales subsidiary headquartered in Germany that served the entire Europe

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2014/05/05

China entering 'aftermarket' era years behind U.S.

In the constantly evolving global economy, China continues to grow and compete across the board with North American companies, including the tire and automotive aftermarket. Steve Ganster, managing director of Technomic Asia, a market entry and strategy consulting firm, told Tire Business China’s economy is No. 2 in the world right now and growing at

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2014/04/29

India's natural rubber price dips to four-year low

Natural rubber prices in India, the world's fifth-biggest producer, dropped to their lowest level in more than four years, following losses in overseas prices and on sluggish demand, three dealers said. Lower prices would bring down raw material costs for tire makers, thereby boosting their profitability, as natural rubber makes up more than 40 percent of t

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2014/04/28

China natural rubber prices on April 24

Commodity Sectors Price Date Natural rubber Rubber & plastics 14053.33 2014-04-24 Natural rubber Rubber & plastics 14040.00 2014-04-23

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2014/04/25

Proto Labs is launching new steel and rubber molding operations

Determined to give its molding business another tool for fast growth, Proto Labs Inc., spent millions on new equipment so it could make injection-molded rubber and metal products for the first time. The company’s new offerings recently debuted in Boston at the BioMed Device Trade Show, which showcased molded facemasks, gaskets, ear buds, automobile ven

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2014/04/24