Recent News

• Analysts call Apollo's purchase of Cooper 'risky'

  Jun 17, 2013

  AKRON—Financial analysts who follow Apollo Tyres Ltd. are calling the Indian company’s $2.5 billion bid to buy Cooper Tire & Rubber Co. “overambitious” and “risky,” based on the amount of debt Apollo will incur.

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  Michelin plans JV to build synthetic rubber plant in Indonesia

  Jun 17, 2013

  CIWANDAN, Indonesia—Michelin is planning to set up a joint venture in Indonesia with P.T. Petrokimia Butadiene Indonesia, a local producer of butadiene, to build a synthetic rubber plant there to support its growing operations in Asia.

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• Lanxess raises rubber chemicals prices

  Jun 17, 2013

  LEVERKUSEN, Germany—Speciality chemicals company Lanxess A.G. said it will increase its prices worldwide for rubber chemicals, effective July 1.

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• An inside job Organic growth drives Longwood's gains in automotive

  Jun 17, 2013

  WYTHEVILLE, Va.—Longwood Industries Inc. has been stressing organic growth in markets it serves for the last few years, rather than expansion through acquisitions.

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• Court rules in favor of Cooper

  Jun 17, 2013

  MIAMI—Florida's Third Circuit Court of Appeals has returned a decision to a lower court for revision involving a suit filed against Cooper Tire & Rubber Co. A lower court had ordered Cooper to produce documents that Cooper claims contain trade secrets. The estate of the Guzman family...

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• Jun 17, 2013

  Tire selection summary

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• Semperit increases stake in glove maker Latexx Partners

  Jun 17, 2013

  VIENNA, Austria—Semperit A.G. is closing in on gaining complete ownership of Latexx Partners Bhd. The company has increased its share of the Malaysian rubber latex glove maker to more than 95 percent on a diluted share basis, spurred by delisting Latexx Partners' stock on the Burse Malaysia...

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• Flexible Products owner Glenn Reid dies at age 81

  Jun 17, 2013

  AUBURN HILLS, Mich.—Glenn J. Reid, longtime president and owner of Flexible Products Co. who spent more than 65 years in the automotive industry, died May 25 at age 81. Reid bought the company, which was founded in 1946, in 1980. He had been picked by Michigan General Co. to operate three...

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• China truck truck tire overcapacity immense

  Jun 17, 2013

  Three things of note about China's truck tire industry: There's a big production overcapacity situation; retreading virtually is non-existent; and the process of radialization is coming to a close. These facts are interrelated, according to Boudewijn De Loose, global marketing manager of...

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• Proposed law would impact Ontario tire program

  Jun 17, 2013

  TORONTO—Ontario's highly successful scrap tire stewardship program could be legislated out of existence by a proposed bill that would alter the structure of waste recycling efforts in the province. “I think it's a paradigm shift,” said Michael Blumenthal, vice...

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