Volkswagen to invest 149 billion yuan for Chinese plants

Volkswagen AG plans to spend 18.2 billion euros (149 billion yuan) on new assembly plants and models in China from 2014 to 2018 as part of the German automaker's plan to become the world's largest carmaker. The Chinese investment would be in addition to the 84 billion euros that Volkswagen plans to spend globally during that period. In March, the German

Source: 中国橡胶网

2013/12/04

Smithers Rapra lab in China receives accreditation

The Suzhou, China, operations of Smithers Group's Smithers Rapra unit has achieved ISO/IEC 17025 accreditation through A2LA. As the company's customer base in China expands, Smithers said implementing a comprehensive, internationally recognized quality system to meet and exceed customer expectations became a key piece of its strategy for growth. "We

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2013/12/03

NHTSA denies FTS petition on Chinese tires

The National Highway Traffic Safety Administration (NHTSA) has denied a 3-year-old petition by Foreign Tire Sales Inc. (FTS) seeking a ruling of "inconsequential noncompliance" regarding nearly 2,700 mislabeled ProMeter-brand medium radial truck tires. Union, N.J.-based tire importer Foreign Tire Sales Inc. petitioned NHTSA in June 2010 for a find

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2013/12/02

Yokohama's sales and earnings reach record levels in first three quarters of 2013

The Yokohama Rubber Co., Ltd., announced that its sales and earnings rose to record levels in the first three quarters of 2013. Net sales increased 4.9 percent over the same period of the previous year, to 412.4 billion yen; operating income increased 13.8 percent, to 29.9 billion yen; and net income increased 12.3 percent, to 19.6 billion yen. The totals fo

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2013/11/29

Mesnac opens research and technical center in Akron, US

Mesnac Co. Ltd. is opening a research and technical center in Akron to serve the North and South American regions. The firm already has comprehensive research and development facilities in Qingdao, China, and a European unit based in Slovakia—the Mesnac European Research and Technical Center. P. David Jones, president of the North and Latin America re

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2013/11/28

China natural rubber prices on Novembe 27

Commodity Sectors Price Date Natural rubber Rubber & plastics 17742.86 2013-11-27 Natural rubber Rubber & plastics 17750.00 2013-11-26

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2013/11/27

Warrior brand set to launch

China Manufacturers Alliance L.L.C. and its parent company Double Coin Holdings Ltd. are getting close to launching Warrior-brand passenger tire sales in North America. Monrovia, Calif.-based CMA displayed the first two products and discussed plans for the brand during a press conference at the Specialty Equipment Market Association (SEMA) Show. The first

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2013/11/26

Bridgestone reorganizes in China, adds plant in Mexico

Japanese automotive parts maker Bridgestone Corp. is set to reorganize its manufacturing operations in Huanan, China, and establish a new plant in Mexico. The plan is to strengthen its system for the production of polyurethane foam products for automobile seats in Southeast Asia and increase its ability to meet Mexico's growing domestic market demands. Pr

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2013/11/25

Cooper delays Q3 financial filing

Cooper Tire & Rubber Co. has notified the Securities and Exchange Commission it will be unable to file its third quarter 10-Q report on time because it has not been able to obtain "certain business and financial" information from its Cooper Chengshan (Shandong) Tire Co. Ltd. joint venture in China. Cooper explained in a Form 12b-25 filing that

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2013/11/21

Yitao Rubber and South China Join Forces

Online news sources are reporting that South China Tire & Rubber Co. and Guangzhou Yitao Rubber Manufacture Co. have signed cooperation agreement at a ceremony celebrating the creation of the Guangzhou Huayiyang Co., a limited joint venture. South China Tire & Rubber general manager Zou Yongzhi said that through the joint effort, they are likely to

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2013/11/20

China unlikely to buy more rubber for reserves after Thai purchases

Hopes that top rubber consumer China will follow purchases from Thailand for its national reserves with more buying will likely be dashed by worries over slowing economic growth and soaring company and trader inventories. Non-reserve inventories at three-month highs, a rise in domestic output and the end of seasonal demand suggest that more buying – b

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2013/11/19

China buys 54,000 mt of RSS rubber for state stockpiles

China bought around 54,000 mt of Ribbed Smoked Sheet grade natural rubber from local suppliers for government stockpiles, end-users and industry sources said recently. The rubber was purchased from either three or four domestic sellers with prices ranging between Yuan 20,200($3,296)/mt and Yuan 21,500/mt, a trader said. In mid-September, traders had said th

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2013/11/18

China auto sales climb at fastest pace in nine months

China’s passenger-vehicle sales last month climbed the most since January, helped by a recovery in economic growth and rebound in demand for Japanese brands. Wholesale deliveries of cars, multipurpose and sport utility vehicles rose 24 percent to 1.61 million units in October, according to the state-backed China Association of Automobile Manufacturers

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2013/11/15

World rubber consumption seen climbing as tire demand grows

Global rubber consumption will grow at an average of 3.5 percent a year through 2018 as demand increases for replacement tires, supporting prices of the commodity, according to LMC International Ltd. “Looking forward to 2018, we’re expecting a pickup in tire demand,” Gerard Stapleton, head of Southeast Asian research for LMC, said in an in

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2013/11/13

Triangle to add 5th factory in Shandong, China

China's Triangle Group Co. Ltd. is building a fifth plant in the Weihai, Shandong Province, area that will be dedicated to higher value-added tires. The strategy is part of its global growth strategy, company executives told distributors and customers during a press conference in Las Vegas at the SEMA Show. The plant is designed for a capacity of 8 millio

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2013/11/12

A Product of Nicest Carbon Black Company Obtains Patent

Lately, A New Type of High Temperature Air Preheater declared by Shandong Nicest Carbon Black Co., Ltd. obtained the patent for invention granted by the State Intellectual Property Office, which marked the company's technology R&D is pushed to a new level. The invention is suitable for preheating plant air in the production process of furnace black. In

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2013/11/08

Fiat to build second Chinese plant

GAC Fiat Automobiles Co., a 50-50 joint venture between Guangzhou Automobile Group Co. and Fiat S.p.A, plans to build an assembly plant in the south China city of Guangzhou, according to Nanfang Daily, a Guangzhou-based official daily newspaper. The plant, the partnership's second in China, will build as many as 160,000 vehicles a year, the newspaper repor

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2013/11/07

Chinese media laud Yokohama enviro efforts

Yokohama Rubber (China) Co., Ltd. was honored recently with the "Most Excellent Company Image Award" at the inaugural 2013 Beautiful China awards ceremony, held in September in Beijing. "Beautiful China" is presented by 17 Chinese newspapers and Web-based media outlets to encourage and recognize environmental protection activities in dis

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2013/11/05

Bridgestone to invest $140 million in Chinese tire plant

Bridgestone Corp. is planning to boost capacity for radial car tires at its Wuxi, China, plant by nearly 31 percent, with an investment of $140 million over three years. Bridgestone said the increase, to about 22,600 tires a day, is in response to rising Chinese demand for passenger tires, especially for high-performance radials. The tire maker did not say

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2013/11/04

China natural rubber prices on October 31

Commodity Sectors Price Date Natural rubber Rubber & plastics 18406.67 2013-10-31 Natural rubber Rubber & plastics 18406.67 2013-10-30

Source: 中国橡胶网

2013/11/01