Category: Industry News

Nynas applies for company reorganisation

Swedish naphthenic base oil manufacturer Nynas AB has filed for company reorganisation at Sweden’s  Södertörn District Court. The company says its loans have not been extended by banks and since it cannot pay due debts, it has to apply for…

Increased medical demand a boon for General Silicones

Unlike most companies, Taiwanese specialist silicone products manufacturer General Silicones Co., Ltd. seems to be thriving even during the coronavirus pandemic. The company is said to have experienced an “unprecedented” 65% increase in global demand for its medical-grade products in…

Arlanxeo to shut down Nd-PBR plant in Singapore

One of the world’s largest producers of synthetic rubber and a wholly-owned subsidiary of Saudi Aramco, Arlanxeo is said to be closing its 140,000-tonne/year neodymium-based performance butadiene rubber (Nd-PBR) plant in Jurong Island, Singapore. In a statement to its customers, Arlanxeo says this is in…

JK Tyre under probe for 2018 bid-rigging case

JK Tyre and Industries Ltd. (JK Tyre) is under probe after the northern state government of Haryana accused the tyre manufacturer of being involved in fraudulent actions which resulted in a non-competitive bid back in 2018. The Competition Commission of…