JAKARTA – Natural Rubber is expected to move from deficit to surplus in 2012, which would put downward pressure on prices. The global surplus rubber is estimated at 413,000 tonnes in 2012 from 87,000 tonne shortage in 2011, slowing growth…
Category: World News
Europe, Australia, Americas, Africa rubber news
Mesnac takes stake in US company
CHINESE company Mesnac, which develops and manufactures tyre equipment, is taking up 100% equity in US-based tyre tooling company Wyko Tire Technology. While terms of the deal were not disclosed, Wyko owners Ian Smith and David Jones said Wyko’s 60…
Ansell invests in Yulex and Lakeland
US-based glove, condom and protection solutions provider Ansell has been on a buying spree having purchased a minority share in Yulex, a manufacturer of biopolymers derived from guayule, and a 9.66% stake in Lakeland Industries, which manufactures safety garments and…
Insigma and Blue cooperate in recycling project
UK-based Blue Diamond Technologies, which specialises in the design and supply of metal, plastic and rubber components, and Chinese IT services provider Insigma Technology are partnering to produce reusable crumb rubber, clean steel and fibre from used tyres, with initial…
New hq for Goodyear
US-based Goodyear Tire & Rubber held a topping ceremony for its new corporate and North American headquarters in Akron, recently. It says it is transitioning from its 85-year-old headquarters to a state-of-the-art campus. The headquarters project is scheduled to be…
Turnkey car tyre recycling set-up
TWO market leaders have come together to provide a new concept for tyre recycling.Germany-based size reduction machinery supplier Pallmann has tied up with Spanish tyre recycler GMN to develop plants for shredding and reprocessing vehicle tyres. Pallmann has been supplying…
Bridgestone pumps up investments globally
THE world’s largest tyre maker Bridgestone is putting in more investments in Japan, the US and Vietnam. At its home base in Hofu, Japan, it will invest 4.7 billion yen to increase capacity of small and medium-sized off-the-road radial (ORR)…
Michelin reports higher sales
FRENCH tyre maker Michelin says its net sales totaled EUR15,246 million in the first nine months of 2011, up 17.3% over the year-earlier period. The company also reported a 9.3% increase in sales volumes, reflecting the group’s good performance in…
Carlisle selling German rubber parts unit
US-based conglomerate Carlisle is selling the non-roofing and waterproofing unit of its German company, PDT Phoenix, to the Datwyler Group of Altdorf, Switzerland. The business unit makes elastomer profiles for use in applications for tunnels, rail, windows and facades and…
Demand for green tyres to boost Lanxess sales
SPECIALITY chemicals company Lanxess expects a boost in demand for high-performance rubbers due to the European Union tyre labelling legislation that comes into effect in 2012 as well as an impending one in South Korea. This it says should spur…