Cooper-Standard Holdings Inc, the parent Company of Cooper-Standard Automotive Inc. (“Cooper Standard”), today announced the appointment of Ronald A. Frisbie to vice president of North American operations effective May 4, 2015. In his new position, Frisbie will oversee the Company’s North…
Category: Industry News
Sri Lankan rubber needs modernization for survival
The Sri Lankan rubber industry is currently in crisis with the NR (natural rubber) process at critically low (Figure 1). The only answer is modernization of the industry. NR industry NR today accounts for something like a third of the…
RUBBER-TOCOM falls on profit-taking after hitting 13-month high
May 12 Benchmark Tokyo rubber futures edged lower on Tuesday, after touching a 13-month high, as investors took profits following a drop in Shanghai futures and on worries that weak vehicle sales in China, the world’s biggest buyer, will slow…
China auto firm to invest up to RM1b in AP King’s commercial vehicle arm
SAIC Motor Corp Ltd, which is among the big-four automotive companies in China, has joined hands with Tan Sri Syed Azman Syed Ibrahim’s commercial vehicle business unit Weststar Maxus Sdn Bhd (WM) in a deal worth up to RM1bil. According…
Agreement reached by Lanxess and BAS
Lanxess A.G. and BASF S.E. have signed an agreement regarding BASF’s purchase of the polyisobutene business, consisting of mainly intellectual property for a new technology to produce high molecular weight polyisobutene (HM PIB). Lanxess said in a May 11 news…
Maragoni and leader rubber grows stronger in partnership
Marangoni Retreading Systems is pleased to announce the signing of an agreement with Leader Rubber Co. S.A., involving the acquisition of 25% of the South African company’s stock by Marangoni Spa. This agreement is the culmination of a partnership that…
Research and Markets: Thailand rubber market analysis 2015 report
The global market is currently in its fourth year of surplus of natural rubber. The excess supply situation has caused stocks to pile high and prices are falling steadily. It is estimated that global rubber production which reach 11.18 million…
Increase in rubber plantations threatens the environment
The global demand for rubber tyres is threatening protected forests in Southeast Asia, according to a study. Tropical forests are being cleared for rubber plantations, putting endangered birds, bats and primates at risk, say UK researchers. By 2024, up to…
Cooper Tire profits down 10 %
Cooper Tire and Rubber Co. posted first-quarter earnings Friday that were haunted by a ghost whose initials are CCT. The Findlay-based tire manufacturer’s net profits were down nearly 10 % and its revenues down 20 % largely due to the absence…
MRCB ‘buy’, MISC ‘hold’, Parkson ‘neutral’ glove sector ‘positive’
MALAYSIAN RESOURCES CORP BHD By AmResearch Buy (Maintained) Fair Value: RM2.30 AMRESEARCH has maintained a “buy” call on MRCB Corp Bhd (MRCB) due to its transformational moves to become a property-centric group and its deleveraging efforts further boosted by more…