COLOGNE, Germany–Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco.
ZAFCO, the UAE based tire manufacturer and distributor, is marking its entry as an international expert and exhibitor at Tire Cologne 2018. The tire industry event will take place between May 29th to June 1st at the trade town, Koelnmesse, Germany. With the fifth largest exhibition ground in the world and 70,000 square metres of space and modern infrastructure, Koelnmesse aspires to facilitate growth-oriented tires, wheels and car service specialists through the trade fair.
E-Commerce Automotive Aftermarket to Witness a Pronounce Growth During 2017 to 2025 Albany, NY — ( SBWIRE ) — 05/11/2018 — Global E-commerce Automotive Aftermarket Market: Overview The automotive industry is flourishing in the emerging economies of China and India on the back of increasing income per capita of the urban populations. Since these two countries are vastly populated, the automotive industry is expected to continue gaining new demand for a foreseeable future.
Magog, Quebec — Camso Ltd. is planning to raise aftermarket prices globally in the coming months on its range of solid and pneumatic tires, tracks and track systems by between 1% and 6%.
Camso cited rising raw materials, logistics and other operating costs as the reasons for the increases. The timing of the increases will be based on market dynamics in North America, Europe, the Middle East and Asia Pacific, Camso said.
Pirelli & C. S.p.A. has reported a 7.6 per cent increase in revenues, to 5.35 billion euros, for the 2017 financial year. This figure is below the growth target of approximately nine per cent set for 2017; Pirelli says this lower growth was due to a greater than anticipated forex impact and the acceleration of the reduction of exposure to its ‘standard’ segment.
Tehran – China’s Shandong Linglong Tire Co. Ltd (Linglong) has signed an agreement as the EPC and non-EPC contractor for the construction of a greenfield tire plant in Iran, according to a senior official there.
Speaking to ERJ, Massoud Mohammadi, CEO of Arya Hamoon Tire Co. said Linglong is expected to provide production technology for the project, which is being built in south eastern Iran.
Stefano Sanchini has been appointed sales director for Bridgestone in the Middle East & Africa region. He joins Bridgestone from Goodyear, and although the tyre maker only recently announced his appointment, Sanchini has been with Bridgestone since August 2017.
The global tire industry almost saw another big merger in 2017, but there was plenty of other activity keeping firms busy in the year. From new investments to new structures, here are four of the biggest events within the tire sector.
Doublestar tries to buy Kumho
It looked for a moment another big-time tire merger was about to happen.
Doublestar Tire Co. Ltd. had agreed to acquire Kumho Tire Co. Inc. for about $830 million in March, but in September Kumho creditors rejected the deal after Doublestar allegedly asked for the price to be reduced by 16 percent amid disputes over trademark rights.
The deal is on thin ice as both sides were…
The Synthetic Rubber Market is Estimated to Be USD 28.88 Billion in 2017 And is Projected to Reach USD 37.82 Billion By 2022, Registering a CAGR of 5.5% Between 2017 And 2022.
Synthetic rubber is mostly produced from crude oil and natural gas, by the polymerization of monomers. Although used in a wide range of applications, its major application is in tires. There has been a growing demand for synthetic rubber from applications, such as tire, non-tire automotive, footwear, industrial, and others. Environmental regulations related to synthetic rubber may act as a restraint for the synthetic rubber market.
Based on type, the NBR (nitrile butadiene rubber) segment is projected to witness the highest growth during the forecast period. NBR is mostly used in applications where high oil resistance is required. Increasing demand for hoses, belts, and cables in the manufacturing and automotive industries in APAC, is likely to fuel the growth of the NBR segment over the forecast period. Rapid industrialization in China and India is anticipated to drive the demand for NBR in APAC over the next six years.
Goodyear Tire announced today that it has agreed to acquire Ventech Systems, an automated tire inspection technology company, from Grenzebach Maschinenbau.
Ventech Systems (https://ventech.de/en), based in Dorsten, Germany, delivers innovative measuring devices for the vehicle industry. The company was founded in 2006. It provides a fully-automated tire inspection system that quickly and easily checks tire pressure, tread depth and vehicle weight for buses, trucks, cars and other vehicles.