Titan International Inc. reported operating and net losses for the quarter and nine months ended Sept. 30 as the OTR tire and wheel maker suffered lower sales of key, higher profit-margin products, higher operating expensese and currency translation losses in…
Category: Industry News
BASF ups production capacity for Nanjing tertiary butylamine plant
German chemicals firm BASF will expand the production capacity of its existing world-scale production plant for tertiary Butylamine (tBA)at the Nanjing Chemical Industry Park in China. The company plans to increase the existing production capacity by 60%, from 10,000 tonnes/year…
Malaysian rubber glove maker devotes RM200m for capital expenditure
Top Glove Corp Bhd, which has earmarked close to RM200 million for capital expenditure for the current financial year ending Aug 31, 2015, is ready for merger and acquisition (M&A) activities, given its strong and healthy balance sheet position, said…
Indian rubber price downtrend weakens tax revenues
The dominant economic logic that fall in rubber prices will not lead to a proportionate drop in the consumption pattern of rubber growers is gradually being dumped. Contrary to all expectations and alarmingly for the state’s economy, it has been…
Nokian reveals new Hakka Truck 844 trailer tyre
Nokian Heavy Tyres is introducing the new 385/55R22.5 Nokian Hakka Truck 844 trailer tyre. The tyre has been designed to operate flawlessly even under demanding conditions. Due to its new structure, the Nokian Hakka Truck 844 offers excellent mileage and…
Titan announces net sales decline in third quarter
Titan International Inc. posted a net loss of $9 million on net sales of nearly $450 million for the third quarter ended Sept. 30, 2014. That compares to net income of $8.1 million on sales of nearly $500 million for…
Toyo exhibits tyre products at SEMA Show
Toyo Tire U.S.A. Corp. will showcase its products in three areas at the 2014 Specialty Equipment Market Association (SEMA) Show Nov. 4-7 in Las Vegas. Attendees will see Toyo exhibits at the company’s main tyre display (booth #40041) on the…
Malaysian glovemakers sees no demand upturn despite Ebola crisis
Despite news that the Ebola virus has spread beyond western Africa to Europe and the United States, Malaysian glovemakers say they have yet to see demand for their rubber gloves pick up like it did during the avian flu and…
Indian rubber industry not expected to sustain recovery due to low demand
Although Indian natural rubber prices have moved up 4% during the month mirroring the global trend, the industry is not certain whether the upturn will be sustained. The current rise in international markets is stoked by a series of announcements…
Elasto Proxy reveals new custom-fabricated rubber products
Elasto Proxy, global supplier of specialty seals and custom insulation, is announcing custom-fabricated rubber products made from FDA-approved silicone sponge. By converting sheets, rolls, and extrusions into specialty seals and custom insulation, Elasto Proxy is helping partners in the food,…