The Bangkok Post reports, “The National Council for Peace and Order (NCPO) has approved a budget of 5.94 billion baht for the overhaul of the rubber industry as proposed by the Natural Rubber Policy Committee. The measures involve maintaining a…
Category: Industry News
Freudenberg acquires hydraulic accumulator maker
Freudenberg Sealing Technologies, the Freudenberg Group’s global sealing specialist, is to acquire Tobul Accumulator, a developer and manufacturer of hydraulic accumulators. The family-owned company has various sites in the US, together with a sales office in Shanghai, China, and employs…
Sensata adds Schrader TPMS to its portfolio
Dutch firm Sensata Technologies BV is to acquire the Schrader group of companies from Madison Dearborn Partners for US$1 billion. Schrader is the global leader in tyre pressure monitoring sensors (TPMS). The transaction provides TPMS and additional low pressure sensing…
Green carbon process patented in the US and China
Pyrolyx AG, which has developed the first green, sustainable process for the recovery of high-quality, marketable carbon black from end-of-life tires, has announced that its method has now been successfully patented for the US and Chinese markets. Moreover, Pyrolyx fully…
Thai military gov’t approves rubber stockpile sell-off
The Thai military government has approved the sale of the country’s large rubber stocks and is in negotiations with potential buyers, a senior rubber-industry official said Monday. Chanachai Plengsiriwat, director of the Rubber Estate Organization, which oversees the country’s rubber…
Upbeat auto industry results increase sales for Indian tyre makers
The Economic Times of India reported, “We all know that the performance of the tire industry is directly linked with the performance of the automobile industry. The recent data flow in terms of auto sales figures suggests the onset of…
Cooper releases valuation results of CCT
Cooper Tire & Rubber Company (NYSE: CTB) today reported the results of the valuation of Cooper Chengshan (Shandong) Tire Company Ltd (CCT), which was completed by an independent firm responsible for determining a fair market value for CCT on a…
Thailand farmers request to end rubber price falls
Thai rubber planters on Tuesday insisted that newly-appointed Prime Minister Gen. Prayuth Chan- ocha immediately keep rubber prices from dropping or they might probably go out of business. Rubber planters in 63 provinces throughout the country lodged petitions to Prayuth…
Wacker emerge as Bosch preferred supplier of silicone products
Wacker, the Munich-based chemical company, has been named Bosch’s “Preferred Supplier” in the “elastomers and thermosetting plastics” materials group. Stuttgart-based Bosch, a leading global supplier of technology and services, awarded the status recently. In Bosch’s annual assessment, Wacker scored top…
Hexpol completes acquisition of Kardoes Rubber
Hexpol has acquired the business of Kardoes Rubber Co. from the founder Frank Kardoes and his family. Kardoes is today a well-known Rubber Compounder in the US market. Kardoes Rubber has a manufacturing facility in LaFayette, Alabama with around 90…