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Conti Sets India Expansion Plans
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Continental AG expands in India; will build plant
By Nikhil Gulati
– Investing EUR50 million to build truck, car radial tire plant
– To build India radial tire factory by second half of 2013
– Doubling India cross-ply bus, truck tires to 1 million a year
– Hiring 600-800...
Yokohama to raise OTR prices Sept. 1
Yokohama Tire Corp. will implement a price increase of up to 11% on all of its off-the-road (OTR) tires in the U.S., effective Sept. 1, 2011. There will be in-line adjustments, to be announced later.
Gary Nash, Yokohama vice president, OTR...
Michelin honored as military tyre supplier
Columbus, Ohio – The US military’s Defense Logistics Agency (DLA) has awarded Michelin North America with two Best Value Awards, one each to Michelin Truck Tires and Michelin Aircraft Tires.
Michelin was one of 182 companies, out of more...
Tokyo futures inch up on oil rise, eye US debt talks (Aug 1)
TOKYO, Aug 1 (Reuters) – Key Tokyo rubber futures inched up in early Asia on Monday, supported by a rise in oil prices, but investors kept a wary eye on ongoing negotiations to resolve a U.S. debt issue which has weighed on the dollar...
Global tyre markets returning to trendline – Michelin
Paris — Michelin has updated its website with a regional breakdown of the growth in the global tyre industry.
The site still only gives percentage changes from a year ago, but the data shows continued growth. Data is given for June, and...
Rubber prices in focus for Michelin, Continenta
* Continental H1 results out 0630 GMT
* Michelin H1 results out 0600 GMT
* Raw material prices seen in focus
PARIS/FRANKFURT, July 29 (Reuters) – French tyre maker Michelin and German rival Continental are set to point up the impact...
Rubber Supply Growth May Slow in Third Quarter as Vietnam Delays Tapping
Natural rubber output in key growing countries will expand at a slower pace in the third quarter as a “severe” leaf disease delays tapping in Vietnam, according to the Association of Natural Rubber Producing Countries.
Production from member...
Rubber Prices May Rise as Demand Shrinks Inventories in China, RCMA Says
The global natural rubber stocks-to- use ratio has plunged to the lowest level ever as expanding demand shrinks inventories in China, potentially boosting prices, according to RCMA Commodities Asia Pte Ltd.
Global inventories are just enough...
Rubber Supply Tightness Lasting Until 2018 May Raise Costs for Tiremakers
Global supply of natural rubber will remain “tight” at least during the next seven years as output gains among key growers fail to match rising demand from tire and glove makers, according to a producers’ group.
“Tightness in supply...
