Select Page

Author: Sharad

Michelin to acquire NexTraq

Michelin announced it will acquire NexTraq, a U.S. provider of commercial fleet telematics, in an all-cash transaction. Based in the Atlanta area, NexTraq is a subsidiary of FLEETCOR Technologies, Inc, a global provider of fuel cards and workforce payment products. NexTraq provides solutions for driver safety, fuel management and enhancing fleet productivity.  Since its inception in 2000, NexTraq has become a leading provider of GPS fleet management solutions for fleets of small commercial vehicles (classes 3‒5) ranging from two to 50 vehicles. “Telematics and fleet management services are a rapidly growing category worldwide and an important area of Michelin...

Read More

CAMCE, TIJAN Petroleum to set tyre plant in Morocco

CAMCE signed a commercial contract with TIJAN Petroleum Co.,Ltd  last month to set up a tyre manufacturing plant in Morocco. The project contract amount stands at USD250 Million and locates at Kenitra City of Kingdom of Morocco. Its project content is to construct one plant with annual output of 3 million semi-steel radial tires for both passenger cars and light-duty trucks with a completion period of 30 months. On behalf of CAMCE, Vice President Hu Wei signed the contract with Vice President Ibrahim Khayat of TIJAN witnessed by Chairman Luo Yan of CAMCE and Executive Vice President Ahmed Khayat of...

Read More

Rubber Board launches Mobile Apps

Rubber Board of India launched a mobile App for fertilizer recommendation in rubber. The new mobile app-based online manurial recommendation, developed by the Rubber Research Institute of India (RRII), the first of its kind in rubber anywhere in the world and the first in any crop in India. The app will tell the farmer the present nutrient status as well as the quantity of fertilizer to be applied in his holding irrespective of his location, through a satellite based system. Christened Rubber Soil Information System or RubSIS, this powerful, Information and Communication Technology (ICT) tool for agricultural extension was...

Read More

Goodyear ranks 184th on Forbes’s Fortune 500 list  

  For the 63rd  consecutive year, Goodyear Tire has been ranked among 500 largest companies in the United States by Forbes magazine. Based on 2016 sales of $15.2 billion, the tyre company  is the 184th largest business in the country. It is ranked fourth in the magazine’s Motor Vehicles and Parts category. Compiled since 1955, the “Fortune 500” ranks U.S. companies by sales. Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated and operate in the U.S. and file financial statements with a government agency. This year, a...

Read More

Liberty Hall acquires Dunlop Aircraft for $135 mln

Liberty Hall Capital Partners , a private equity firm is known for investments in businesses serving the global aerospace and defense industry,  acquired Dunlop Aircraft Tyres Ltd, a manufacturer and retreader of aircraft tyres, for $135 million. Dunlop Aircraft Tyres represents Liberty Hall’s first portfolio company focused on providing aftermarket products and services to the global aerospace and defense industry. Dunlop is the brand of tyre originally produced by the Dunlop Pneumatic Tyre Company beginning at the end of the 19th  century, taking its name from founder John Boyd Dunlop. Dunlop Aircraft Tyres is the only pure-play specialist aircraft...

Read More

Latest Issue

Newsletter Subscription

Recent Tweets