Tyre manufacturer Continental has said it will handle part of its purchasing of natural rubber (NR) through the Singapore-based HeveaConnect digital trading platform designed to ensure transparency and sustainability in the NR supply chain. The HeveaConnect platform validates key aspects of…
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Supermax building US$350 mn-glove facility in US
Malaysia-based glove maker Supermax Corporation intends to pump USUS$350 million into building the first phase of its first glove manufacturing facility in Texas, US, through its US-based subsidiary Maxter Healthcare. It will invest a total of US$550 million into all…
Continental sells US rubber track facility to Loc
US military and industrial components supplier Loc Performance has completed the acquisition of German technology firm Continental’s St. Marys, Ohio facility. The St. Marys facility manufactures rubber track products for agricultural, construction, and defence industries. Established in 1940, the 800,000+ sq ft facility sits on 108 acres…
Safic-Alcan and Imerys in distribution partnership for rubber products
Safic-Alcan, a global specialty chemicals distributor, has set up a new partnership with mineral-based specialty solutions provider Imerys. This extended partnership covers France, Germany, Greece, Italy, Portugal, and Spain, and will be effective from January 2022 for rubber industries. Safic-Alcan…
Rubber companies to report annually on sustainability progress
With members of the Global Platform for Sustainable Natural Rubber (GPSNR) accounting for about 50% of global natural rubber volume, a set of detailed sustainability reporting parameters have been approved that all members will be required to complete annually from 2022 onwards, it…
Bridgestone to divest anti-vibration rubber & chemical businesses
Japanese tyre maker Bridgestone Corporation is to sell its anti-vibration rubber and chemical products solutions businesses. The company expects the respective deals will close by the end of July and end of August 2022. The chemical business, comprising automotive seat pad…
Hankook invests in 3D spatial firm Mobiltech
Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co has established a fund with an aim to secure a new growth engine in the future. The first investment is Mobiltech, an Artificial Intelligent (AI)-based spatial…
Sibur separates rubber/plastics portfolios in Taif merger
The merger of Russian petrochemical firms Sibur and Taif has resulted in a multiple growth in the plastics, elastomers and organic synthesis business, both in absolute production volumes and in the range of products and their scope, it adds. The…
Trelleborg to repurchase own shares
Swedish firm Trelleborg has presented new financial targets and proposes a programme for the repurchase of its own shares. It says that “the conditions are better than ever, both operationally, and thanks to trends such as increased electrification, digitisation, and…
Phillips Carbon to set up 5th carbon black plant in India
Phillips Carbon Black Ltd. (PCBL) plans to establish a greenfield production facility in the southern Indian state of Tamil Nadu with its recent signing of an MoU with the government of Tamil Nadu for setting up its fifth plant in the country. The company says the plant is targeted…