On October 20, 2023, Silcotech celebrated its 25th year in business. Today, the company is global, with over 100 employees, doing business out of its own highly automated, state-of-the-art facility in Bolton, just a few blocks from the original location. Silcotech also has a facility in India, Silcotech Bonny Products Pvt Ltd.
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TechnoBiz is hosting “Rubber Week 2024” during 22-26 April 2024 in Bangkok, Thailand as a Knowledge Hub with 3 Conferences and 10+ Training Programs
Read MoreAmeritread, operating as Truck Stop Supply Company LLC, is headquartered in Newville, Pa., and boasts a dedicated team of 17 employees. The company excels in the culling, refurbishing and reselling of used tires, giving them a new lease on life as high-quality, certified reconstructed tires.
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Compared with 2022, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to change by 7.9%, -4.0%, and -1.3% respectively, with a total increase of 3.0 million units. Replacement passenger, light truck and truck tire shipments are also projected to change by 0.2%, -5.6%, and -21.3% respectively, with a total decrease of 7.3 million units.
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Smart Vision Lights (SVL) announces that its DoAll multifunctional light — which comprises six different machine vision lights — has received UR+ certification from Universal Robots. UR+ offers systems integrators and end users an ecosystem of certified products designed specifically for use with Universal Robots’ collaborative robots, or cobots. All UR+ certified products undergo rigorous testing to validate compatibility with UR cobots.
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The Global Thermoplastic Elastomers Market size is estimated to be USD 26.9 billion in 2023 and is projected to reach USD 35.3 billion in terms of value by 2028, at a CAGR of 5.6% between 2023 and 2028, as per the recent study by MarketsandMarkets™. The recovery of automotive sector across the world is driving the thermoplastic elastomers market during the forecast period.
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Bridgestone Retail Operations (BSRO), a subsidiary of Bridgestone Americas, announced that Andrew Richards is the company’s 2023 Automotive Service Excellence (ASE) Master Technician of the Year. Richards was recently honored at an awards ceremony held by the National Institute for Automotive Service Excellence.
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The International Trade Commission’s (ITC) issues affirmative preliminary determination on dumped truck and bus tires from Thailand.
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Toyo Tire U.S.A. Corp. (Toyo Tires®) announces the all-new Toyo® Proxes® R DOT competition tire, designed for dry road racing and high-performance driving on the track. The Proxes R builds upon the legacy of its predecessor, the Proxes® RR, offering racers quicker lap times, improved stability, and heightened responsiveness. The Proxes R has a new tread compound and reinforced sidewall for more grip and precision. Grassroots racers, track day enthusiasts, and those honing their skills at high-performance driving experiences will enjoy the exhilarating feeling of the Proxes R while achieving their best laps of the day.
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Market by Regions
The southern region of India, especially Kerala and Tamil Nadu, boasts extensive natural rubber plantations. Leveraging their production capabilities, these states cater to both domestic and international markets. Cities like Chennai and Bengaluru serve as significant hubs for automotive and electronics manufacturing, driving demand for rubber compounds and contributing to increased revenue in the region.