Mitsubishi unveiled its plant in Manila, Philippines on Thursday, saying that it is capable of producing up to 50,000 cars annually. “The transfer is a strategic move that will enable us to adapt better to our growing industry,” Hikosaburo Shibata,…
Category: Industry News
Cooper Tire & Rubber reaches peak of $35.81
It has been a positive week for CTB. On January 27 they hit a new 52-week high reaching a peak of $35.81 after opening at $35.47 and closing at $35.50 for a move of $-0.59%. Hitting a new 52-week high…
Outlook for automotive coating positive, report says
The new APAC Automotive OEM Coatings Market report says that the outlook for automotive coating manufacturers remain bright, chalking it up to strong government backing and favourable macroeconomic indicators. Although the surge of smaller cars is expected to considerably affect…
World Rubber Week 2015 Casts Spotlight on three key events
Singapore– Leaders, stakeholders and experts from the global rubber industry will congregate in Singapore at the World Rubber Week 2015, to be held at the Singapore EXPO Convention & Exhibition Centre and MAX Atria @ Singapore EXPO from 24 –…
Butadiene prices drop further
Butadiene prices are dropping. This is due to sharp declines in crude oil prices, continued soft demand for synthetic rubber and new butadiene capacities led to prices for the monomer touching a new low in FY15, the Indian petrochemicals group…
2015 Market Research Report released
The 2015 Market Research Report has just been released. The 2015 Market Research Report on Global Butadiene Rubber Industry is a professional and in-depth research report on the global butadiene rubber industry. For overview analysis, the report introduces butadiene rubber…
Expert committee formed to review issues of rubber production and import
The Commerce Ministry has set up an expert committee to examine the issues of the rubber industry such as production and imports. The government is also in the process of formulating a National Policy for rubber sector to address issues…
Rubber Planters Assembly, made up of 15 rubber planters groups, formed
“Fifteen rubber planters’ groups have merged to create the Rubber Planters’ Assembly to solidify their positions and unify demands. Uthai Sornlaksap, leader of the rubber planters’ network, will become acting chairman of the new body. Representatives of the groups made…
Penske Automotive purchases Land Rover Dealership
Penske Automotive Group, Inc.an international transportation services company, has acquired a Land Rover dealership in Darien, Connecticut. The company estimates the dealership will generate approximately $50 million of revenue annually. “We are pleased to add the Land Rover brand to our existing automotive…
Rogers acquires engineered silicones producer Arlon for US$157m
Handy& Harman has been successfully acquired by American specialty materials Rogers for US$ 157 million. Arlon produces high-frequency circuit materials and engineered silicones, which will complement Rogers’ printed circuit materials and high-performance foams business segments, the company said. For the…