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Tokai completes buy-out of Produflex

JAPANESE firm Tokai Rubber Industries (TRI), Ltd has completed the purchase of all the outstanding quotas of Brazil-based Produflex Minas Indústria de Borrachas Ltda. This is the second acquisition of automotive anti-vibration rubber manufacturers by TRI after the acquisition of…

FELDA starts NR processing plant in Myanmar

AGRICULTURAL and agri-commodities company, Felda Global Ventures Holdings Bhd (FGV) is expecting to start operations at its natural rubber (NR) processing plant in Myanmar this year. A memorandum of understanding (MoU) signed between FGV and Myanmar’s Pho La Min Trading…

Quingdao rubber inventory down by 3%

RUBBER inventories in China’s bonded warehouses dropped close to 3% in the past weeks as commercial banks refuse lending money to tyre makers forcing the latter to cut down imports and buy domestic stocks instead. Rubber at Qingdao has also…

ContiTech takes over Legg

CONTITECH Conveyor Belt Group acquires Kansas-based conveyor belt manufacturer Legg Company Inc., as part of its expansion move in the North America. Legg focuses production of conveyor belts for industrial applications , such as in cement plants, paper mills, and…