BKT sets up new R&D centre at Bhuj, India

BKT has opened its new Research & Development Centre at Bhuj in Gujarat, India. The Center has been named ‘Suresh Poddar Innovation Hub’ in honour of Suresh, the eldest of the Poddar brothers. It is situated within an area of 25 acres called the ‘Mahabirprasad...

Apollo Tyres and RRI get patent for special grade ENR

Apollo Tyres and the Rubber Research Institute of India (RRI) have invented a special grade of Epoxide Natural Rubber (ENR), a rubber compound for tyres, which was patented by Govt of India vide patent no. 287630. The R&D Team at Apollo Tyres, led by Dr Arup Kr...

Apollo Tyres net sales up 11% in Q2 FY18

Apollo Tyres reported a net profit of Rs 1.4 billion on a Net Sales of Rs 34.18 billion for the July-September second quarter of 2017-18. For the first half of the fiscal(April – September), the company posted a profit of Rs 2.28 million on Net Sales of Rs 66.76...

Cooper Tire reports good earnings in Q3 2017

Cooper Tire & Rubber Company has reported a net income of $62 million in Q3 2017 from $49 million reported in the same period last year. Consolidated unit volume decreased by two per cent compared to the prior year, with strong growth in the International segment...

Apollo Tyres raises INR 15 billion via QIP

Indian tyre-maker Apollo Tyres has raised INR 15 billion via Qualified Institutional Placements (QIP). The Committee of Directors (Funds Raising) of Apollo Tyres has declared the closure of its equity share issuance to Qualified Institutional Buyers (QIB) to raise...