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Editor’s Choice
CMT_TT_TRC rides high after registering 50,000 users/ month.

Posted: August 18, 2017 at 12:17 pm   /   Editor's Choice, Featured, National, NEWS

Riding on its technological prowess and domain knowledge, India’s #1 online tyre seller has in its user base hit the magic number of 50,000 users per month.The growth that comes as a combined increase in viewership on both the mobile & desktop platforms has also seen’s CTR hitting a humongous 7.72%. The leading […]

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Birla Carbon presents the ‘Social Value of Carbon Black’

Posted: August 18, 2017 at 8:41 am   /   Editor's Choice, National, NEWS

PRESS RELEASE Many things we rely on every day, like phones and wires, shoes and cars have something in common. All of them have a common material that makes them last longer and perform better – Carbon Black. Carbon black is a safe, highly engineered microscopic carbon that plays an important role in many areas of our lives. Birla […]

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Capacity expansion in the works for Phillips Carbon Black

Posted: August 16, 2017 at 10:29 am   /   Editor's Choice, National, NEWS

Phillips Carbon Black has announced carbon black capacity at Palej and Mundra in Gujarat, India will be increased by 80,000 tons per year by the end of fiscal 2019. The Rs 300 crore investment will enhance capacity of existing units by 17%, media said. Company chairman Sanjiv Goenka said the business is also evaluating sites […]

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Sumitomo Rubber to stop US OE tyre production for Goodyear

Posted: August 16, 2017 at 10:20 am   /   Editor's Choice, Featured, International, NEWS

Sumitomo Rubber will stop supplying original equipment (OE) tyres to Goodyear Tyre and Rubber in 2018, opting instead to manufacture its Falken Tyre brand at the facility in Tonawanda, New York, news reports from Japan said. Equipment at Sumitomo Rubber’s plant that has been used for Goodyear passenger car and bus tyres will be replaced […]

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Cooper Tyre’s Q2 profit drops 36% year over year

Posted: August 16, 2017 at 10:15 am   /   Editor's Choice, Featured, International, NEWS

Cooper Tyre and Rubber has reported that its Q2 net profit fell to $45.3 million, or $0.85 cents a share, from $70.7 million, or $1.27 a share, in the same period a year ago. Revenue for the period fell to $720.8 million from $740.3 million Unit volume declined slightly by 0.5%, as less activity in […]

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Apollo Tyres impacted by steep raw material costs

Posted: August 16, 2017 at 10:12 am   /   Editor's Choice, National, NEWS

India’s Apollo Tyres reported net sales of Rs 32.58 billion ($512.07 million) for Q1 that ended June 30, 2017 compared to Rs 32.92 billion in Q1 2016. Operating profit closed at Rs 2.82 billion ($44.32 million) against Rs 5.67 billion, while the tyre maker’s net profit stood at Rs 88.3 billion ($13.8 million) as compared […]

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Goodyear America’s sales and profit fall in Q2 and H1

Posted: August 3, 2017 at 7:12 am   /   Editor's Choice, International, NEWS

Goodyear Tyre and Rubber, the largest tyre maker in the US, reported lower-than-expected quarterly sales due to declining tyre demand. The company lowered its full-year forecast for segment operating income based on the results. The tyre maker recorded Q2 2017 net income of $147 million (58 cents per share), down from $202 million (75 cents […]

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India’s SBR costs to rise amid duties on key suppliers

Posted: August 3, 2017 at 6:58 am   /   Editor's Choice, National, NEWS

Spot styrene butadiene rubber (SBR) prices in India are expected to jump as South Korean suppliers raised their export offers to the country amid heftier anti-dumping duties (ADDs) imposed on competing suppliers from Europe and Thailand. SBR supply from Europe and Thailand to India is expected to drop off given ADDs of more than $200/ton […]

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Michelin’s H1 profit drops slightly, on track for year-end goal.

Posted: August 3, 2017 at 6:26 am   /   Editor's Choice, Featured, International, NEWS

Michelin has announced operating profit was 0.9% lower at €1.39 billion ($1.62 billion) during H1 (JanuaryJune) 2017 on a 7.4% increase in revenue to €11.06 billion ($12.8 billion). The slight drop was despite a significant increase in sales of high-margin earthmover tyres. The tyre maker’s net income for H1 was €863 million, up 12% over […]

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Kumho Tyre brand dispute near resolution.

Posted: August 3, 2017 at 6:24 am   /   Editor's Choice, International, NEWS

Creditors of Kumho Tyre have tentatively agreed to accept the original proposal by the tyre maker’s parent group to resolve a brand dispute with Chinese buyer Qingdao Doublestar, South Korean media have reported. State-run Korea Development Bank, the main creditor, is expected to finalize the deal on Friday, July 28. The agreement should pave the […]

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