Tag Archives: MRF
Apollo Tyres shares fall sharply on cartelization probe news
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MRF expects increase in rubber imports
Tyre manufacturer MRF Ltd was expecting its imports to go up in future, with the supply of the raw material from domestic sources not catching up with demand, said Arun Mammen, managing director of the company.
“The availability of rubber...
Tyre industry clocks Rs 178-cr net profit in Q1
The country’s tyre industry registered a comeback in the first quarter (Q1) of this financial year. The industry clocked an overall net profit of Rs 178 crore in the April-June period, as against a total net loss of Rs 56.4 crore in the same...
Tyre firms’ margins under pressure as crude-linked input prices rise
The hope that falling natural rubber prices would provide a boost to tyre companies has been short-lived. Although rubber prices continue to recede, other input costs are rising, which may stymie profit margin expansion.
The main concern arises...
MRF looks at captive rubber plantation to cut raw material cost
Tyre manufacturer MRF Ltd was looking at acquiring rubber estates to meet the company’s long-term raw material requirements and to bring down costs, a top official said.
“We are scouting for acquisitions of estates abroad to meet long-term...
MRF reports four-fold rise in Q3 profit, stock rises
Chennai: Tyre maker MRF Ltd said on Wednesday that third-quarter profit rose more than four-fold on higher sales and an easing of rubber prices.
The stock rose 2% to close at Rs. 10,145.60 on the Bombay Stock Exchange. The benchmark Sensex...
Tyre firms pick up on falling rubber prices
Shares of tyre firms, including MRF Ltd, Apollo Tyres Ltd, JK Tyre and Industries Ltd and Ceat Ltd, have rallied on the back of price hikes. They have risen 6-7% in the past week on news of price hikes in the after-sales market—more so when...
India: Rubber consumption set to cross 1 mt as industry patriarch turns 100
Thiruvananthapuram: For the first time in the history of commercial crops, the natural rubber (NR) consumption in India is projected to overshoot the one million tonne mark. This milestone has come about just when the rubber industry patriarch...
Apollo Tyres expected to benefit as rubber prices fall
The softening of rubber prices over the past six months has increased investor interest in the stock of Apollo Tyres, the country’s largest tyre manufacturer. The benefits of lower rubber prices and higherproduction capacity would...
Smooth ride for Indian tyre industry amidst bumpy global economy
By Archana R Nair
Wheel, the most important invention of man in all ages, when undergone a drastic transformation from wood to rubber, was it expected that it would grow into such a huge industry that remain unfazed by the recessionary trends...
