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JK Tyre Q3 Profit at INR 570 Mln Amid Raw Material Pressure; Plans Price Hikes
February 04, 2025
JK Tyre & Industries reported Q3 FY25 revenue of INR 36.94 billion with an operating profit of INR 3.35 billion and a nine percent EBITDA margin, impacted by rising raw material costs. The company has implemented cumulative price hikes of four percent thi
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JK Tyre Names Arun Kumar Jaura as Chief Technology Officer
February 04, 2025
JK Tyre & Industries has named Arun Kumar Jaura as its Chief Technology Officer to strengthen its R&D and technology capabilities. With over 40 years of experience in sustainability, hybrid vehicle engineering, and global automotive product development, J
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German Rubber Industry Association Slams Parties for Lack of Economic Focus
February 04, 2025
The German Rubber Industry Association (wdk) has criticized political parties for failing to outline concrete economic policies in their federal election manifestos. wdk President Michael Klein warned that Germany's industrial sector, particularly small a
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Yokohama Rubber Completes $678M Goodyear OTR Tyre Unit Deal
February 04, 2025
Yokohama Rubber has completed its acquisition of Goodyear Tire & Rubber’s off-road tire business, adding a unit with USD 678 million in annual sales. This move strengthens Yokohama’s position in the mining and construction sectors, incorporating tire
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Synthomer Opens Shanghai Innovation Hub to Tap China’s Chemicals Market
February 03, 2025
Synthomer has launched its China Innovation Centre (CIC) in Shanghai, a 2,000 sq m R&D hub focused on specialised polymers for adhesives, coatings, EVs, and renewable energy.
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ETRMA Reports Mixed 2024 Replacement Tyre Sales, Consumer Segment Improves
February 03, 2025
The European Tyre and Rubber Manufacturers’ Association (ETRMA) reported a rebound in consumer tyre sales for Q4 2024, driven by demand for all-season tyres, while truck tyre volumes remained weak. Despite improvements, sales remain below pre-pandemic l
