Since the Russian invasion of Ukraine in February, Scandinavian tyre recycler Enviro says it has noted a sharp increase of interest in purchasing the carbon black and oil that Enviro recovers from end-of-life tyres. The increased interest has been observed among old and new customers, but…
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Synthomer sees profit boom during pandemic
Not all companies have fallen during the pandemic period as witnessed by UK-headquartered polymers company Synthomer which said its annual profit for 2021 more than doubled after sales of latex used for gloves skyrocketed during the pandemic. However, it cautioned that the…
Malaysia’s rubber sector enhances trade and enters new markets
As with the other member ASEAN states, Malaysia expects its economy to rebound in 2022 along with the recovery of the world economy. Economic and fiscal stimulus to support Malaysia’s economic expansion is among the country’s recovery strategies. Malaysia’s GDP…
Continental business up; Ukraine war may have lasting effect
Russia’s invasion of Ukraine has led German technology firm Continental to suspend its Russian tyre operations in Kaluga, and cut all imports to and exports from Russia. It said it could face “lasting consequences” to supply chains, production and demand from what it described as instability in Eastern Europe. Revenue…
New glove alliance to focus on rights of Malaysian glove workers
Newly-formed Responsible Glove Alliance (RGA) has been launched to help ensure the rights and dignity of workers vulnerable to forced labour in Malaysia’s rubber glove industry are consistently respected and promoted through responsible recruitment and employment practices. Currently, there are seven members in…
Top Glove profit plunges 53% in 2nd quarter
The world’s largest glove manufacturer, Malaysia-based Top Glove Corp Bhd’s net profit for the second quarter ended Feb 28, 2022 dropped by almost 53% to RM87 million from RM185 million in the previous quarter, while its revenue declined by 8%…
Timber from Russia and Belarus considered ‘conflict timber’
All timber originating from Russia and Belarus is ‘conflict timber’ and therefore cannot be used in PEFC-certified products, the Board of the Programme for the Endorsement of Forest Certification (PEFC) announced 4 March 2022. ‘Conflict timber’ is defined as “Timber that…
India’s RCPSDC to aid Tripura rubber tappers to improve skills
Delhi-based RCPSDC (Rubber, Chemical & Petrochemical Skill Development Council) has tied up with the Tripura state government, in north eastern India, to improve the livelihoods of rubber growers belonging to OBC Cooperative Development Corporation community through a project involving skills training in rubber tapping…
Nexen Tire develops tyre performance prediction system using AI technology
South Korean tyre maker Nexen Tire has developed an Artificial Intelligence (AI)-based tyre performance prediction system. By establishing a tyre performance prediction system using AI technology, the company explained that it will use a machine learning technology in the concept…
Bridgestone invests in tyre tech firm Tyrata
Bridgestone Americas has taken up a minority investment in tyre sensor and data management company Tyrata. Using an automated and cost-effective drive-over solution that measures tyre tread, Tyrata collects tyre wear data and provides actionable, cloud-based analytics. This strategic investment accelerates…