Lanxess is restructuring its plant network and portfolio for its Rubber Chemicals business unit. Two product lines will be ended and one factory closed. Production at two factories will be swapped to rationalise production Production of age inhibitors Vulkanox 3100 and Vulkanox DPPD will be stopped and the plant that creates them, the Isithebe site
A large-size radial tire for dump trucks in the construction and mining field has officially been released by Yokohama. The new tire is a 27.00R49 size model of its “RB42.” The tire is suitable for a wide range of off the road (OTR) surfaces. Yokohama has used an exclusive tread compound, recently developed for large-size
Giti will be supplying tires for the Pikes Peak hill climb event. The Chinese company has been appointed as tire supplier for defending champion, Nobuhiro Monster Tajima. Giti will supply the tires for the teams’s 1,000 horsepower electric vehicle. The Pikes Peak International Hill Climb is the second oldest motor sports race in America. The
DHL has agreed to a three year contract to manage Hankook Tyres’ UK warehousing operations. The company has taken over responsibility for the receipt, check and stock replenishment for Hankook’s facilities in Daventry, Northamptonshire. Hankook’s market share in the UK has increased over the past few years, leading the company to alter its supply chain management. The
Thailand, Indonesia and Malaysia have announced that they are seeking tenders to create a regional rubber market. These three countries currently produce 65% of the world’s natural rubber but do not have a futures market. They have had to rely on exchanges such as the Shanghai Future’s Exchange (SHFE), the Singapore Exchange (SGX) and the
Stock markets have punished Apollo Tyres for its audacity in daring to seal the biggest overseas deal in India’s corporate history – the acquisition of US-based Cooper Tire and Rubber. The share price of Apollo has fallen by around one third since the deal was announced. I’m trying to work out if this is justified
Apollo Tyres is to buy Cooper Tire and Rubber. The cash purchase price is around USD2.5 billion (USD 2,500,000,000). That’s about 60 percent of annual sales. Quite a low price for this kind of deal. Apollo statement | Cooper statement My own view is that Apollo has done well to finally negotiate this one. I
Although the theme of this year’s World Rubber Summit asked whether the road ahead is to be bleak or bright, perhaps a better theme might have been sustainability. This was the over-riding message to come out of this year’s high-level meeting in Singapore. Speaker after speaker referred to the need to move toward a more
A conference in Berlin has crystallised an intense debate about the EU Tire Label. The event, organised by Marcus Evans Events took place on Tuesday and Wednesday this week (16, 17 April). It is still too early to say anything about the success or otherwise of the EU Tire Label. Early indications suggest that there
Trawling the web this morning, I came across this image. It is taken from the Renault website. Renault launched this concept vehicle — the Twin’z — at the Milan Triennale this week. The Triennale is a festival of outstanding design. It’s not a car show. The Triennale audience is more used to fashion and product
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