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LindsayBobby
Sharing the latest news and trends from the industrial welding world. Tag along to stay in the loop!
Industry info
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LindsayBobby
Release Time:2024-05-30
Tyre industry foresees a loss of about Rs 5000 crore in six months to July
Physical trading of natural rubber by institutions has also stagnated due to industrialization. KOCHI: The tire industry is expected to suffer a loss of Rs 4, 500-5000 crore in February to 7 6 months due to COVID-19 production disruption. All tire production facilities have been shut down and are expected to resume operations by mid-April. Rajiv Budhraja, secretary general of the Automotive Tyre Manufacturers Association (ATMA), said, “We are estimating losses assuming that the situation starts improving from 8 When month.” According to him, it may take six months to resume normal operations. Therefore, the impact of COVID-19 will be felt throughout the financial year, he added. Bhudraja said that the current crisis started with the regular recession followed by restrictions on vehicular movement. Then the blockade happened. “The sudden shutdown led to accumulation of raw materials, semi-finished and finished products in the supply chain process. It is ex...
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LindsayBobby
Release Time:2024-05-30
Don’t see an early end to the ‘new normal’, yet the show must go on: Apollo Tyres CMD
Onkar S Kanwar and Neeraj Kanwar. NEW DELHI: Onkarr S Kanwar, chairman and managing director, Apollo Tyres, said the uncertainty created by the coronavirus pandemic will continue and he doesn’t see a premature end to the “new normal”. Given the bleak global outlook, including India and Europe, tire giant Apollo Tyres (Onkar S Kanwar) is focusing on employee safety, saving cash, re-engineering production, reducing all unavoidable costs in R&D and adopting a “cautious approach”. Continue to invest in electronics. Training, branding, etc. “FY20 was a tough year in every respect. While the automobile industry grew slowly in FY19, last year was a difficult year for the industry due to deterioration in consumer confidence. Kanwar, in his address to shareholders in the company’s 2019-20 In its annual report, Kanwar referred to the rising cost of Non-Banking Finance Companies (NBFCs) insurance, rising cost of ownership and liquidity crisis...
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LindsayBobby
Release Time:2024-05-29
MRF races ahead to buy Kesoram’s tyre unit
Mumbai/Chennai:India’s largest Madras Rubber Factory is Madras Rubber Factory (MRF) is in preliminary discussions with BK Birla flagship company Kesoram Industries Birla is a major player in the takeover of the two companies Tires, many sources close to the company said. This is significantly higher than the market capitalization of the entire diversified Birla group. Once completed, the deal will turn out to be 69 MRF’s first acquisition in its history and will strengthen its manufacturing presence in the North Indian market. It will also help strengthen its grip on the commercial vehicle tire segment, making it the second largest company after Apollo. For Kesoram in respect of Laksar, North Arkhand, the key divisions will significantly reduce the debt burden on its balance sheet (which stood at Rs. 44.25 billion at the end of the September quarter of 2014) and free up space for other businesses. Working capital. The tire business accounts for nearly half of FY14 EBITD...
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LindsayBobby
Release Time:2024-05-29
Tyre industry anticipates subdued growth amid rising rubber prices
KOCHI: Consumers of natural rubber, especially in the tire industry, expect growth to remain weak in the first half of the year, despite manufacturers’ expectations of a better outlook from higher prices this year. Prices of the business important RSS 4 variety touched a five-month high of Rs 139 per kilogram. CP Krishnan, Executive Director, Geofin Comtrade “The bullish trend is likely to continue with increasing demand from China’s largest consumer.” Crude oil prices are also on the rise, pushing up synthetic rubber prices. This will also affect the natural rubber industry in India.” The international price of Rs 159 per kilogram, which is Rs 20 higher than the Indian price, cannot be imported. In 2015-2016, natural rubber imports hit a record high of 458, 374 tons. In the first eight months of the current fiscal, revenues were up 8% from the same period last year. International prices started rising in December. Krishnan said, “Productio...
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Q
best motard tyres
LindsayBobby
LynnCoverdale
Release Time:
March 21, 2024, 10:12 PM
1. The Pirelli Diablo Rosso III. Dunlop Sportsmart TT. Michelin Route 5. Metzeler Sportec M7 RR. Bridgestone Battlax S21. Avon TrailRider. and Continental ContiCattack SM are all popular tire options that offer unique features for various road conditions and bike styles. When selecting the best tire for your bike. it is important to consider factors such as handling. traction. durability. and wet grip. With a range of options available from these top brands. you can find the perfect tire to suit your specific needs.
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Q
discount tyres
PhoebePowell
LindsayBobby
Release Time:
February 27, 2024, 6:56 PM
Discount tires are a cost-effective option. often found as part of a sale or trade. They can be new or come with a warranty. The primary advantage of buying these tires is to save money. It’s worth mentioning that you needn’t compromise on safety and efficiency when buying discount tires. as reliable auto centers and online platforms offer them with assured quality. Prior to purchasing. be sure to inspect the model. brand. and condition of the tires.
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