Category: Investments

Sumitomo in jv; progresses with Thai facility

SINGAPOREAN tyre and wheel distributor Stamford Tyres has set up a joint venture with Japan-based Sumitomo Rubber Asia, a subsidiary of Sumitomo Rubber Industries, to form Falken Tyre India (FTI). The S$12.3 million joint venture firm will supply Falken tyres…

Russian/Indian jv started up

A JOINT venture between Indian firm Reliance Industries and Russian petrochemical company Sibur has started its operations in Mumbai, India, focusing on constructing a 100,000-tonne/year butyl rubber facility in Jamnagar. Sibur owns 25.1% and Reliance 74.9% of the new business…

Gajah Tunggal to produce TBR tyres

INDONESIAN tyre maker PT Gajah Tunggal (GT) has acquired 100 ha of land for US$108 million to build a tyre proving ground (testing track) and to allow possible future expansion of its manufacturing facility. Located at a new industrial estate…

Indonesian-Indian rubber tie up

INDONESIA, the second largest rubber producer in the world, has invited the Indian rubber industry to invest in the country and benefit from ample natural rubber resources. In a meeting with All India Rubber Industries Association (AIRIA), Dickey Fabrian, Consul-General…

China reviews imports of CR

CHINA is reviewing its anti-dumping policies on chlorophene rubber in lieu of complaints against the influx of the imported rubber from a Japanese company. Chloroprene rubber is commonly used in electrical cables and other types of cables as well as…

Keyuan starts up second SBS line

CHINA-based petrochemical supplier Keyuan Petrochemicals has commenced production of its second 70,000-tonne/year line for styrene-butadiene styrene (SBS). The new facility, which was completed in September 2011, had undergone trial productions, including various technique tests spanning several months for its first…