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OpheliaClement
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
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OpheliaClement
Release Time:2024-05-30
Tyre industry asks govt to allow duty-free import of carbon black
Carbon black supply-demand gap widens from 14% last year to 20% in 2018. Atmama. Takashi: The Indian tire industry has requested the government to allow the tire industry to import carbon black duty-free. Many tire companies in the country have been forced to impose anti-dumping duties on Chinese imports to regulate exports and address the shortage in the market due to shortage of carbon black supply in the country. In a statement to the Department of Commerce, the Automotive Tire Manufacturers Association (ATMA), factories will be closed in the near future. The gap between demand and supply of carbon black in the domestic market reached 14% in FY 2016-17. This figure increased to 20% in fiscal 2018, industry sources said. Mohan, Head of Supply Chain and Resources, ATMA “In fact, the domestic tire industry often faces natural rubber (NR) fears of an overall supply shortage. The shortage of carbon black will only further exacerbate the difficulties of the tire industr...
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OpheliaClement
Release Time:2024-05-30
Maxxis bets big on India as it eyes to enter top 5 global tyre maker list
AgencyMaxxis sets 15% revenue goal. NEW DELHI: Taiwanese tire giant Magis Group is investing heavily in India with plans to set up five plants as the company expects it to play a major role in the Indian tire market. An official said, “We aim to become a top five tire brand in the world by 2025.” The company is currently the world’s ninth-largest tire brand with 2019 sales of about $4 billion. India and Indonesia will play an important role in achieving the goal by 2025. The company is investing $4.41 billion in its first manufacturing plant in Sanand, Gujarat, with the goal of increasing production of two-wheelers to $60,000 vehicles as part of the first phase of the project’s expansion, which currently produces tires at 20,000 vehicles per day. Increase. The number of items has increased to 20,000 per day Individuals. “Magis aims to be one of the top five companies in the world within the next five years. We have made great strides in East an...
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