8/6/2020 - Auburn, Indiana - Continental announced plans to expand its research and development operations in northeast Indiana, advancing innovative technologies to reduce noise vibrations for the automotive and commercial sectors. To support its growth, the company plans to create more than 45 new jobs by the end of 2023. “Continental’s decision to expand in DeKalb County continues a long-standing trend of German companies picking Indiana for growth,” said Indiana Secretary of Commerce Jim Schellinger. “With operations all around the world, we're grateful that Continental is choosing to grow in northeast Indiana, developing innovative products that are used across the globe while providing quality career opportunities for Hoosiers." Germany-based Continental, a manufacturer and distributor of rubber products for a variety of applications, plans to...
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8/6/2020 - Gurgaon, India - The board of directors of Apollo Tyres Ltd. approved the company’s unaudited results for the first quarter of the financial year 2020-21. For the quarter ended June 30, 2020, Apollo Tyres Ltd., on a consolidated level, reported a revenue of Rs 2,828 crores. While the pandemic deeply impacted operations across geographies in the quarter under review, the company still recorded its highest ever sales in the replacement market in India in the month of June. European operations continued with better than the industry performance, despite the pandemic related challenges across different countries. Commenting on the first quarter results, Onkar S. Kanwar, chairman, Apollo Tyres Ltd., said, “The teams across geographies have shown tremendous resilience amidst the pandemic, and have adapted to the new normal for business continui...
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8/6/2020 - Spring Hope, NC - Right Lane Industries LLC announced it has acquired Belt Concepts of America Inc. from ContiTech USA, Inc. Belt Concepts of America manufactures premium quality, lightweight PVC conveyor belts out of its 150,000 square foot factory in Spring Hope, NC. The company is known for providing both standard and customized conveyor belting solutions for a wide variety of industries, including food processing, package and baggage handling, recycling and agriculture, among others. The acquisition aligns with Right Lane’s strategy to acquire manufacturing businesses for a permanent hold period, while providing them with corporate resources and capital to invest in product development, equipment and customer relationships. The transaction will yield a smooth and seamless transition for customers and suppliers, as the entire Belt Conc...
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8/6/2020 - Findlay, OH - Cooper Tire & Rubber Company announced a quarterly dividend of 10.5 cents per share on common stock, payable September 25 to stockholders of record at the close of business September 1. This will mark the 194th consecutive quarterly dividend paid by Cooper Tire & Rubber Company....
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8/6/2020 - Panama City, Panama - To prioritize the health and safety of exhibitors and attendees due to the COVID-19 pandemic, the Latin Expo Group has postponed the Latin American & Caribbean Tyre Expo and the Latin Auto Parts Expo. The co-located expos are postponed until July 13-16, 2021, at the brand-new Panama Convention Center in Panama City, Republic of Panama. Numerous safety protocols will be implemented at the event to provide a safe environment for all. This new date allows exhibitors, attendees and expo staff to better prepare and handle these challenging circumstances. The exhibition is the largest for tire and auto parts in Latin America, and has been held annually for over ten years. In 2021, the event will be at the Panama Convention Center in Panama, which features over 58,000 square meters and a capacity for 25,000+ persons. Over 3...
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8/6/2020 - Pune, India - The Global Automotive Rubber Molded Components Market is set to rise from its initial estimated value of USD 35.01 billion in 2018 to an estimated value of USD 57.51 billion by 2026, registering a CAGR of 6.4% in the forecast period of 2019-2026 according to Data Bridge Market Research. This rise in market value can be attributed to the innovations and advancements in the rubber molding market along with the rising number of vehicle sales. Few of the major competitors currently working in the automotive rubber molded components market are Continental AG, Dana Limited, Federal-Mogul LLC, HUTCHINSON, Cooper Standard, TOYODA GOSEI Co. Ltd., Sumitomo Riko Company Limited, SKF, Freudenberg & Co. KG, Trelleborg AB, ALP GROUP, Bohra Rubber Pvt. Ltd., Hebei Shida Seal Group Co. Ltd., NOK CORPORATION, Steele Rubber Products, Rubbe... (read more)

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