rubber Archives - Page 289 of 347 - Tyrepress

Tyres can’t function without this critical raw material. Whether its natural or synthetic rubber you are interested in, articles bearing this tag feature this indispensable polymer.

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US Manufacturers Hire New PR Firms

(Akron/Tire Review) Both Goodyear Tire & Rubber Co. and Yokohama Tire Corp. have hired new PR firms.

After a lengthy search, Goodyear’s North American Tire unit settled on Coyne Public Relations of Parsippany, New Jersey, as its new US agency. “We were very pleased with the work of all three ‘finalist’ agencies,” said Ed Markey, vice president of PR and communications for Goodyear North American Tire. “Coyne impressed us with a combination of solid strategic thinking, creative tactical ideas and great collaborative chemistry. We believe Coyne’s capabilities and approach to public relations are the best fit for Goodyear.”

4th January 2006/by Tyrepress Editors

Continental Inks Deal with Vietnamese Firm

(Akron/Tire Review) Vietnamese newspaper Thanh Nien News has reported that Vietnam’s Southern Rubber Industry Co has completed a contract to supply 100,000 to 120,000 light truck tyres a year to Continental AG. In July, Southern Rubber Industry, also known as Casumina, completed a previous deal with Continental to supply 300,000 motorbike and scooter tyres a year.

4th January 2006/by Tyrepress Editors

Bridgestone to Build Synthetic Rubber Plant for China

(Akron/Tire Review) Bridgestone Corp plans to spend some $100 million to build a synthetic rubber factory in China, which the company said is necessary to meet growing demand worldwide.

4th January 2006/by Tyrepress Editors

Town Welcomes Recycling Plant

The US town of Vidalia, Louisiana, is on the verge of giving the go-ahead for a tyre recycling plant to be built, eventually creating up to 135 jobs. Construction is scheduled to begin next year and will take 12 months.

A company called LIEL has patented a process, taking scrap tyres and producing rubber pellets or sheeting, which can be used in the production of downstream products such as vehicle bumpers and shoes.

20th December 2005/by Tyrepress Editors

SRI to Quadruple Production in China by 2008

Sumitomo Rubber industries has announced its intention to quadruple its tyre production in China within three years, in order to meet the sharply rising demand in that country.

SRI intends to invest between 10 billion and 15 billion Yen ($85m to $128m) over this period. Production at the SRI plant in Jiangsu province, near Shanghai, will rise from the current 1,500 tonnes a month to 6,000 tonnes.

SRI also said that it plans to build a new factory in China to supply tyres to Japanese car manufacturers with factories in China.

19th December 2005/by Tyrepress Editors

Kraiburg Increases Prices

Effective February 2006, Kraiburg Austria will be increasing its prices for quality tyre retreading material by five per cent in Central Europe. This is down to continuing rising energy and transport costs as well as the drastic rise in the price of raw materials with, for example, natural rubber currently costing around 40 per cent more than in August 2004.

19th December 2005/by Tyrepress Editors

Goodyear to Become Sole Owner of South Pacific Tyres

The Goodyear Tire & Rubber Company said it has reached agreement in principle on the final terms to acquire Ansell Limited’s interest in their South Pacific Tyres (SPT) joint ventures, pending government and other approvals.

16th December 2005/by Tyrepress Editors

Parents sue Cooper

The parents of two young women killed in a head-on collision on Florida’s Turnpike are suing Cooper Tire & Rubber Company, alleging the company’s tyre caused a Thanksgiving 2004 wreck that left six dead. According to an associated press report, the lawsuit, in Palm Beach County Circuit Court, seeks more than $15,000 in the deaths of Michelle Seville, 23, and Marsha Seville, 18.

16th December 2005/by Tyrepress Editors

Cooper Reports Results of Fixed Spread Tender Offer

(Akron/Tire Review) Cooper Tire & Rubber Co. announced that its tender offer to purchase up to $175 million in aggregate principal amount of its outstanding 7 ¾ per cent notes due 2009, 7 5/8 per cent notes due 2027, and 8 per cent notes due 2019 expired yesterday at 5:00 p.m., Eastern time.

15th December 2005/by Tyrepress Editors

Yokohama Announces Two New Chinese Joint Ventures

Yokohama has announced that it has entered into two new joint venture operations in China. Shandong Yokohama Rubber Industrial Products Co, Ltd, will produce and sell conveyor belts, and Yokohama Tire Sales (Shanghai) Co, Ltd, will sell tyres, both are set to be established in early 2006.

15th December 2005/by Tyrepress Editors

Union Sets Vote on Titan Contract Offer

(Akron/Tire Review) The Freeport (Illinois) Journal-Standard reported that United Steelworkers (USW) workers at Goodyear Tire & Rubber Co.’s Freeport agricultural tyre plant will vote 21 December on a new labour agreement that could pave the way for Titan International to acquire the plant.

13th December 2005/by Tyrepress Editors

Maxxis Helps Keep Costs Down

With operating costs – particularly fuel prices – constantly rising, operators of vans and light trucks have seen margins sharply diminished. Remaining competitive with no reduction in customer service levels is a constant challenge, whether a small fleet or one or two vehicles, and one in which tyres can play an important part.

13th December 2005/by Tyrepress Editors

King of the Country

Finnish tyre manufacturer Nokian recently released the country king agricultural trailer tyre. With the launch of the new product, Nokian is aiming, like other manufacturers, to satisfy the demands farmers and contractors that need tyres that can cope with increased load capacity.

13th December 2005/by Tyrepress Editors

JK Exports at £46.9 million

(India/Rubber Asia) JK Industries Ltd has reported a net profit of 170 million rupees on a gross turnover of 24 billion (£294.7 million) for the year ended 30 September. JK recorded a net profit of 120 million rupees for the same period last year. Tyre exports stood at 3.82 billion rupees (£46.2 million).

12th December 2005/by Tyrepress Editors

Good News for Indian Car Makers

(India/Rubber Asia) A customer satisfaction study conducted in 21 Indian cities has found a progressive reduction in car ownership cycle time (OCT) from an average of 61 months in 2002 to 53 months in 2005. However, the decline in OCT applied more to small and mid-size car models.

12th December 2005/by Tyrepress Editors