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GOODYEAR INDIA REPORTS Q4 PROFIT SURGE
June 16, 2021
Goodyear India’s profit after tax (PAT) surged 240 percent to INR430 million Q4FY21, aided by higher volumes, increased factory utilisation and cost efficiencies. The company had reported a PAT of INR130 million QFY20. The PAT constituted 7.6 percent of
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BIDENOMICS TO DRIVE EV REVOLUTION
June 16, 2021
President Joe Biden, during his visit to the Ford Motor Company’s Rouge Electric Vehicle Center last month, said the American auto industry is at a crossroads, forced to choose between two options: Spend around $174 billion to speed ahead and to dominat
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Fortune Tire Tech opens new tyre retreading plant in Odisha, India
June 16, 2021
Fortune Tire Tech Limited, the Hyderabad-based tyre retreading company, is set to open its new plant at Lakhanpur in Jharsuguda district, Odisha, India. A tete-a-tete with Chairman Vijay Pal Reddy highlighted the company’s vision and the challenges in t
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NTE Process: Artificial Intelligence Leads To Green And Efficient Technologies?
June 16, 2021
The dense phase pneumatic conveying systems are equipped with the patented Air Assist technology and are the best - according to our customers - for primary products for tyre production ensuring the integrity of carbon black and silica pellets (fines < 1%
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Toyo Tires Announces 8.5 Percent Price Hike For All Its Tyres
June 15, 2021
Toyo Tires has announced a surge in dealer base price across all its tyres. The 8.5 percent price hike, effective from 1 August 2021 and applicable for all Toyo tyre categories, is a result of the continued escalation of raw materials and logistics costs.
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JK Tyre Decreases Net Debt, Pays Off INR 930 Crore In FY 21
June 14, 2021
JK Tyre has reduced its net debt by INR 930 crore in FY 2021, through higher cash accruals and better working capital management. The tyre manufacturer managed a 17 percent decrease in the net debt and also reduced the finance cost by approximately 15 pe
