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Author: Sharad

Yokohama Rubber Q1 sales and earnings up

Yokohama Rubber Co ltd reported an increase in sales and profits for the first fiscal quarter ended March on a good performance of its three business interests- tyre, industrial products and other products. The Japanese company...

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Currency devaluation hurts Nokian Q1 results

Nokian Tyres Group reported an expected decline in net sales for the first quarter ended March 2014 due to currency devaluation and a weaker sales mix in its major markets Russia and CIS countries. The company’s net sales...

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Michelin plans to close Budapest plant

Tyre giant Michelin intends to close down its truck production facility in Budapest in response to the adverse trends and aggressive competition in the European truck tyre market. According to the company, the European market...

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Genan opens world’s largest tyre recycling plant

The world’s largest recycler of scrap tyres, Genan, has opened the world’s largest tyre recycling plant with 100,000 tonne tyre recycling capacity in Houston, USA. The company invested $140 million in the plant, which has been...

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