Indian tyre stocks recover on lowering trade tensions

Moving in tandem with the trends on the bourses, stocks of tyre companies recovered in the period of February 25, 2019 to April 12, 2019. During the period, the BSE Sensex gained over 7%, while the stocks of tyre companies increased in the range from 1% to 9%. In...

SRI’s Brazil factory comes on stream

Sumitomo Rubber Industries Ltd. (SRI) began manufacturing tyres for trucks and buses at its Brazil factory on March 1, 2019, following the recent installation of new production equipment. The Brazil factory currently has plans to augment its production capacity to...

Marangoni opens new Ringtread franchise in Chennai

Marangoni GRP Private Limited (MGPL), the JV company active in the commercial vehicle retreading sector in India, has opened a new Full Service RINGTREAD Franchisee at Chennai, India, in collaboration with – Xtramiles – a new entrant into the tyre retreading business....

BKT opens new European Headquarters

Balkrishna Industries Ltd(BKT) opened its rebuilt European headquarters in Seregno, on the northern outskirts of Milan, on April 5, 2019. Arvind Poddar, Chairman and Managing Director of BKT, and his wife Vijaylaxmi Poddar, lighted a lamp to mark the occasion. The new...

Marginal fall in share of SR in rubber consumption

The share of synthetic rubber in total world rubber consumption contracted marginally(-1.8%) from 53.6% in 2017 to 52.6% in 2018, according to the latest Rubber Industry Report released by the International Rubber Study Group (IRSG). The SR share of USA in 2018 stood...

India’s widening demand-supply gap in NR hits manufacturing

The widening demand-supply gap in natural rubber in India, coupled with restrictions on import of the commodity, threatens to hit the tyre and non-tyre manufacturing sector badly. The drastic fall in production is particularly worrisome to rubber MSMEs who can hardly...