Hints and tips:
...The shares and bonds of tyre manufacturer Goodyear Tire & Rubber have also been punished....
...Shares in Skyworks Solutions, which supplies chips to the iPhone maker, jumped more 6.4 per cent to $77.02....
...There is something intriguing and ironic about a chemical firm-owned noodle chain in a nation filled with news reports about tainted milk supplies and other food safety scandals....
...Power in most states is in short supply, ports are clogged, railways have inadequate freight capacity and the roads are even worse....
...More efficient food supply, he says, “has to happen for humanity”....
...Hankook Tire is poised to build its first US plant in a move to bolster its presence in the world’s second-largest car market, as the South Korean tyremaker aims to join the ranks of the top five global...
...South Korea’s Hankook Tire has similar ambitions. It will replace Dunlop as the official tyre supplier to DTM, a Europe-wide tour of 10 races, from next month....
...Rubber rose to a record high above $5 a kg as tyremakers scrambled to secure supplies amid growing concerns of further shortages....
...Roy Armes, chief executive of Cooper Tire & Rubber of the US, said he expected commodity prices to continue rising into next year....
...“At this point our supply picture is very positive, but we are not that far removed from $13 gas,” the APGA said. Gas last traded above $13 per m Btu in 2008....
...While supply has disappointed, demand is rebounding from the lows of the financial crisis....
...Hankook Tire, the world’s seventh largest tyre maker, plans to build a $500m plant in Indonesia next year while LG Electronics is considering making the country a regional manufacturing hub, according to...
...And tonight, I’m proposing a Veterans Job Corps that will help our communities hire veterans as cops and firefighters, so that America is as strong as those who defend her....
...At a stroke, supply chains and delivery times to a key automotive market were cut. Before, the company needed 45 days to deliver tyres from its plants in South Korea and China to Europe....
...Besides supply disruptions, the Association of Natural Rubber Producing Countries has also warned that “buoyant demand” is driving natural rubber prices higher....
...At the same time, Goodyear Tire & Rubber was forced to draw $600m from its bank credit lines when it could not gain quick access to cash invested with Reserve Primary Fund....
...The Institute for Supply Management’s survey showed that manufacturing weakened unexpectedly in December....
...Michelin, Goodyear, Yokohama Rubber, Sumitomo, and Kumho Tires of South Korea are also either already producing or are looking to build new facilities in China....
...It also expects certain products to sell out in 2006 as demand, particularly from Asia, continues to outstrip supply....
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