Sumitomo Rubber Industries Ltd (SRI) has switched to 100% renewable energy at its two tire factories in China (Changshu Factory and Hunan Factory). Furthermore, with plans to set up solar power generators in the second half of the year, these…
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Liberty Tire Recycling opens North Carolina plant for rubberised mulch
This February, a North American tyre recycling service provider opened a new manufacturing facility in Sanford to produce rubberised mulch, a sustainable and resilient alternative to traditional mulch made from recycled scrap tyres. Liberty Tire, a Pittsburgh-headquartered tyre recycling service…
Purcell expands with Callender Tire acquisition
Purcell Tire & Rubber Co., based in Missouri, has acquired the Colorado-based tire dealership Callender Tire Inc. Purcell, one of the largest retreaders in the United States, expects the acquisition to broaden the market reach of its specialty retread product,…
Belt Power acquires Accurate Industrial Products
Belt Power, a full-service distributor and fabricator of belting and components for lightweight conveyor systems based in Marietta, Georgia, has completed the acquisition of Accurate Industrial Products, a Missouri-based fabricator and distributor of a wide range of lightweight belting products…
Two strategies for mitigating auto industry’s semiconductor crisis – report
Among the key findings in Roland Berger’s recent study “Steering through the semiconductor crisis: A sustained structural disruption necessitates strategic responses by the automotive industry” is a global semiconductor shortage that is expected to last beyond 2022 for the automotive…
Vietnam rubber sector to gain in export, price hike in 2022
A double windfall is on the way for Vietnam’s rubber sector. According to the Ministry of Industry and Trade (MoIT) Agency for Foreign Trade, Vietnam’s export revenue is expected to reach US$3.5 billion in 2022, with rubber prices expected to…
Weir Minerals launches new mill lining rubber compound for mining industry
Weir Minerals, based in the UK, hopes to revolutionise mine site mill operations with a new mill lining rubber compound. Vulco R67 rubber, the company said, is made with proprietary new compounds to provide superior wear life, uptime, and reliability…
Frozen debt paid in full, Nynas reorganisation closed
In accordance with the agreement following the completion of rubber speciality chemical firm Nynas company reorganisation last year, trade creditors with remaining composition claims have now been paid in full. Nynas has today settled the payment in full to trade creditors with…
Apollo Tyres taps green power for its Chennai facility
Indian tyre maker, Apollo Tyres has ensured green power for its largest manufacturing facility in Chennai, in bid to increase the share of renewable energy to more than 30% of the total for this manufacturing facility. Apollo Tyres has invested…
Demand for NR topped in 2021; slower demand in 2022
Total rubber demand is estimated to recover by 9.4% in 2021 (y-o-y), reaching 29.57 million tonnes, exceeding the pre-pandemic level, according to the December 2021 edition of the World Rubber Industry Outlook (WRIO) published by Singapore-based International Rubber Study Group (IRSG). …