Industry News

Oqema acquires chemical distributor EVS

April 22, 2019
Oqema acquires chemical distributor EVS

German chemical distribution company Oqema Group has acquired Italian chemical firm Elettrochimica Valle Staffora (EVS). EVS’s business line covers the full organic and inorganic product ranges in the following business lines: industrial, food, pharmaceuticals and cosmetics, water treatment, and rubber…

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Global automotive tyre market to be valued at $645bn by 2027

April 19, 2019
Global automotive tyre market to be valued at $645bn by 2027

The global automotive tyre market expects an overall robust growth rate during the forecast period with a CAGR of 6.3% and will have an anticipated value of about US$645 billion by end-2027. Passenger vehicles are expected to lead the global…

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Retread tyres market sales projected to increase by US$9 mn

April 17, 2019
Retread tyres market sales projected to increase by US$9 mn

The global retread tyres market value is expected to increase by a CAGR of 4.6% during the 2018-2028 forecast period as reported by Future Market Insights (FMI) – the global sales of retread tyres are estimated to be valued at…

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Continental to add production to its South Carolina plant

April 12, 2019
Continental to add production to its South Carolina plant

Continental Tire the Americas is expanding its Sumter, US plant to accommodate production of the ContiSeal puncture-sealing and ContiSilent noise-absorbing passenger tyre lines. As Continental produces the ContiSeal and ContiSilent tyre lines at two plants in Europe, the US production…

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NR output falls by 10% in January; but demand picks up

April 9, 2019
NR output falls by 10% in January; but demand picks up

The world production of natural rubber (NR) experienced a fall at 10.1%, amounting to 1.080 million tonnes in January 2019 on a year-to-year basis, says the latest report from the Malaysia-basedAssociation of Natural Rubber Producing Countries (ANRPC). It says that this…

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Sumitomo Rubber tyre plant begins operations in Brazil

April 9, 2019
Sumitomo Rubber tyre plant begins operations in Brazil

Following a three-year factory expansion project worth USD$133 million, Sumitomo Rubber Industries (SRI) has started production of commercial truck and bus tyres in Fazenda, Brazil; the installation of new production equipment will augment the production capacity from 500 to 1,000…

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Tyre materials market to grow by USD$100 bn by 2028

March 29, 2019
Tyre materials market to grow by USD$100 bn by 2028

The global tyre materials market has been envisaged by Future Market Insights (FMI) to approach the valuation of USD$100 billion by 2028, after an analysis that offers decisive insights pertaining to the related market and extensive information through organized market…

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GPSNR forms executive committee to boost value of natural rubber

March 25, 2019
GPSNR forms executive committee to boost value of natural rubber

Natural rubber stakeholders convened in Singapore on March 21, 2019 for the inaugural General Assembly of the Global Platform for Sustainable Natural Rubber (GPSNR) – an independent platform that will lead improvements in the socio-economic and environmental performance of the…

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Kraton to construct TPE latex unit in Brazil

March 22, 2019
Kraton to construct TPE latex unit in Brazil

Kraton Corporation, formerly Kraton Performance Polymers, has approved of the construction of a semi works latex unit in Paulinia, Brazil, which is scheduled to complete by early 2020 and ready for commissioning by the second quarter of 2020. Kraton is…

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Firestone’s Liberian plant laying off 800 workers

March 21, 2019
Firestone’s Liberian plant laying off 800 workers

Firestone Natural Rubber Company – the biggest employer in Liberia’s private sector – will be laying off 13% of its workforce or around 800 Liberian employees over the second quarter of 2019. Headcount reductions will include retirements, the discontinuation of…

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Rubber Prices
(Last Updated: 22 April 2019)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: Latex India
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