Tyre Recycling Faces a Reptilian Delay
The businessman behind plans for a tyre recycling facility in the Barrow docks area is hoping to begin set up work on the project by February despite a last-minute environmental hurdle.
MRF Likely OE Partner for World’s Cheapest Car
The Ninth Auto Expo in New Delhi was selected as the venue for the January 10 launch of the world’s cheapest car, India’s Tata Nano.
Investment Fund Secures 5.5% Stake in Goodyear
According to a filing lodged with the Securities and Exchange Commission in the US on January 8, the share in Goodyear Tire & Rubber held by New York-based hedge fund TPG-Axon Capital Management LP now stands at 5.5%.
Toyo Releases Findings of Compliance Reporting Investigation
On Jan. 8 Toyo Tire & Rubber issued its findings from an internal investigation into the company’s urethane-based heat-resistant building construction material business, and announced an action plan to ensure future compliance with all laws, regulations, company policies and rules.
Michelin Canada Retirees to Appeal Pension Fund Decision
A Canadian newspaper reports that retired Michelin employees in that country intend to appeal the ruling that found their former employer not guilty of any wrongdoing regarding the company’s pension fund.
Lionax Reaches DPS Development ‘Milestone’
Lionax, the first Chinese company listed on the Euronext pan-European stock exchange, announced on Jan. 7 that it has reached a “key milestone” in its quest to develop the industry’s leading next generation Digital Pressure Sensor (DPS), a critical component in TPMS systems in terms of both function and cost.
BKT to Establish New Facility, Increase Capacity
Balkrishna Tyres is reported to be planning a new facility within the Special Economic Zone in Gujarat, northwest India.
B&J Launches Pro Team Competition
The launch of B&J Rocket’s new B&J Pro Team competition marks the latest step in an extensive realignment of the company.
Conti to Build New Automotive Plant in India
Continental AG is looking to boost its India operations and broaden the range of products it offers to customers in the region following its recent buyout of Siemens’ VDO unit.
Yokohama Tires to Play Part in ‘Speed Racer’
Yokohama Rubber Co. announced that it has concluded a product placement agreement for the latest Hollywood film by the Wachowski brothers – Speed Racer, scheduled for release in major international markets in May and in Japan in July.
Watts USA Appoints New General Manager
Watts Tyre Group, the UK-based industrial tyre and wheel provider, is pleased to announce the appointment of David Brown as general manager of Watts USA.
Mayhew Tools to Acquire Ken-Tool Lines
Mayhew Steel Products and Ken-Tool have announced that Mayhew will acquire Ken-Tool’s OldForge and Carica product lines within the next few weeks.