Tag Archives: tyres
Natural rubber price dip necessitates tyre price revision
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Daily report on Natural Rubber: October 12, 2012
MARKET COMMENTARY
Heaved down by worries over demand amidst slipping natural rubber prices in the major global markets, RSS4 continued to inch lower in the local market. On Thursday, quotes in the physical market dipped further lower and was...
Apollo Tyres eyeing Cooper Tire
REUTERS – Tire manufacturer Apollo Tyres is in early talks to acquire a majority stake in U.S.-based Cooper Tire & Rubber Co in a deal valued at around $600 million, a source with direct knowledge of the situation told Reuters.
Shares...
India imposes dumping duty on non-radial bias tyres from China, Thailand
NEW DELHI (Commodity Online): The Finance Ministry has imposed definitive anti-dumping duty on non-radial bias tyres (used in buses and trucks) from China and Thailand. This duty will be valid for a period of five years, the Revenue Department...
Lanka rubber to capture 2 % of global market
Sri Lanka is ready to capture 2 % of the global market of the rubber manufacturing sector. Presently, the rubber manufacturing industry accounts for approximately 4.5 % of total export earning of the country. Sri Lankan rubber industry comprises...
Apollo Tyres Raising $150 Million
On Oct. 1, Apollo Tyres’ board of directors approved the raising of $150 million through placement of shares to qualified institutional buyers.
In a filing to the BSE, Apollo said its board also has approved increasing the investment...
US import of China tyres may rise on expiry of 3-year elevated tariffs
BEIJING : China’s tyre exports to USA may rebound as three-year elevated tariffs on passenger and light truck tyres imposed on China imports has expired on September 26.
According to China Rubber Industry Association, tyre makers in Shandong...
NR cultivation in Europe and Asian dominance
The first tyre prototypes obtained from natural latex from Guayule and Russian Dandelion plants have been presented. The production of the first prototypes is a clear indication of the technical performance and economic potential of the rubber...
Apollo Tyres shares fall sharply on cartelization probe news
MUMBAI : The share prices of Apollo Tyres Ltd, India’s leading tyre manufacturer plunged 3.72% to Rs 95.85 on news that the company along with four others are being probed by Competition Commission of India (CCI) for cartelization in industry.
CNBC-TV...
Lanxess brings forward mid-term target by one year
Reuters – German rubber chemicals specialist Lanxess brought forward its mid-term goal of 1.4 billion euros ($1.8 billion)underlying core earnings by one year to 2014, citing demand for fuel-efficient tyres and light-weight automotive...
