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Auto industry grapples with multiple forces shaking up business
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DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around.With trade relations going under the knife, emerging vehicle...
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DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around. DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around. $DETROIT—It's an exciting time to be in the automotive industry, but that also means there's plenty of uncertainty to go around.
Bridgestone to expand Tennessee truck tire plant
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MORRISON, Tenn.—Bridgestone Americas Inc. is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 ...
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MORRISON, Tenn.—Bridgestone Americas is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 percent. MORRISON, Tenn.—Bridgestone Americas is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 percent. $MORRISON, Tenn.—Bridgestone Americas is planning to break ground later this year on an expansion that will increase capacity at its Warren County, Tenn., truck/bus tire plant by about 8 percent.
Coker Tire CEO Wade Kawasaki, investor group take ownership of company
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CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle...
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CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle tires and wheels. CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle tires and wheels. $CHATTANOOGA, Tenn.—A group of Coker Group executives, led by President and CEO Wade Kawasaki, has partnered with Irving Place Capital to acquire the supplier of collector car and motorcycle tires and wheels.
New technology may separate ethylene from ethane more efficiently
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SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene. Cracking naphtha from crude oil is an important ethylene production route. However, this reaction...
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SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene. SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene. $SAN ANTONIO—Researchers are finding unusual ways to cut the production cost for ethylene.
Photos: Semperit expands Czech hose plant
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VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit s.r.o. location in Odry, Czech Republic. The expansion increases production capacity to 109...
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VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit location in Odry, Czech Republic. VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit location in Odry, Czech Republic. $VIENNA—The Semperit Group invested $30.4 million in an expansion at the Semperflex Optimit location in Odry, Czech Republic.
Toyoda Gosei expands in China with acquisition of Hubei Rock
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KIYOSU, Japan—Toyoda Gosei Co. Ltd. is purchasing a majority stake in Hubei Rock Rubber and Seal Technology Co. Ltd. to strengthen its automotive parts business in China. The deal is...
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KIYOSU, Japan—Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China. KIYOSU, Japan—Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China. $KIYOSU, Japan—Toyoda Gosei is purchasing a majority stake in Hubei Rock Rubber and Seal Technology to strengthen its automotive parts business in China.
Continental completes NVH footprint with Cooper Standard deal
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NOVI, Mich.—Certain opportunities are just too perfect to pass up. Continental A.G.'s Vibration Control business, which produces anti-vibration parts like engine mounts for the automotive...
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NOVI, Mich.—Continental's Vibration Controls business has agreed to acquire Cooper Standard's Anti-Vibration Systems business for $265.5 million, subject to closing conditions and antitrust approval in the relevant countries. NOVI, Mich.—Continental's Vibration Controls business has agreed to acquire Cooper Standard's Anti-Vibration Systems business for $265.5 million, subject to closing conditions and antitrust approval in the relevant countries. $NOVI, Mich.—Continental's Vibration Controls business has agreed to acquire Cooper Standard's Anti-Vibration Systems business for $265.5 million, subject to closing conditions and antitrust approval in the relevant countries.
DuPont to build $80 million plant in China
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ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-...
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ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-end engineering plastics and adhesives." ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-end engineering plastics and adhesives." $ZHANGJIAGANG, China—DuPont Transportation & Advanced Polymers is investing more than $80 million to build a new manufacturing facility in Zhangjiagang that will produce "compounded high-end engineering plastics and adhesives."
Japan's auto makers wonder how to go more 'local' under USMCA
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TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the...
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TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the moment is particularly worrisome. TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the moment is particularly worrisome. $TOKYO—North America's auto makers face a new reality of sourcing vehicle content under the free-trade deal agreed to by the U.S., Canada and Mexico. But for Japan's auto companies, the moment is particularly worrisome.
BKT plans $100 million investment for U.S. tire plant
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MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries Ltd. (BKT) is budgeting $100 million for the plant it is planning to build in the U.S., the company disclosed in a Nov. ...
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MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is budgeting $100 million for the plant it is planning to build in the U.S. MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is budgeting $100 million for the plant it is planning to build in the U.S. $MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is budgeting $100 million for the plant it is planning to build in the U.S.
Digital Edition
Digital Edition
Published on September 22, 2004

TYRE INDUSTRY IN INDIA – FUTURE PERSPECTIVE

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Date Published September 22, 2004
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The world economy has changed a lot over the past 50 years, over the next 50, the changes could be at least as dramatic. As per Goldman Sachs recently published report on Global Economics; Brazil, Russia, India and China – BRICs economies could become much larger force in the world economy. Over the next decades, the growth generated by large developing countries particularly BRIC could become a much larger force in the world economy than it is now and much larger than many investors currently expect. India’s economy for instance, could be larger than Japan’s by 2032 and China’s larger than the US by 2041 (and larger than everyone else as early as 2016). The BRIC economies taken together could be larger than the G6 by 2039, by 2025 they could be account for half of the size of G6 economy. India has the potential to show fastest growth over the next 30 and 50 years. Growth could be higher than 5% over the next 30 years and close to 5% as late as 2050 if development proceeds successfully. This report also highlighted some of the most striking results. Today India is one of the fastest growing economy. Average GDP growth is over 5% between 1995-2001 and despite global economy downturn in 2002 the growth remained at 4%. Despite the downturn the government target for growth rate remains 8% for the for the 10th five year period 2002-2007. Over the past five years industrial production growth has averaged 5% while service sector growth has averaged 8%. Real hot spot was IT sector which grew by 30% in last three years and during the same period inflation held at less than 3% with nation’s currency remaining stable. 
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