Chinese tyre maker ZC Rubber envisions expanding global presence and technological innovation as the company garners robust sales in 2020. Speaking during its first Global Online Dealer Conference held in mid-March, Shen Jinrong, Chair of ZC Rubber Group, said the…
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Mighty Earth urges CBI to delist Michelin “Green Bond” amid allegations of industrial deforestation
Environmental campaign organisation Mighty Earth recently filed a formal complaint with the UK-based investor-focused not-for-profit body Climate Bonds Initiative (CBI) calling for Asia’s first corporate “Sustainability Bond”, which had been issued in 2018 for investors in French tyre maker Michelin’s natural rubber joint venture in…
AirBoss subsidiary nabs US$576 mn Gov’t contract for high-demand PPE
US’s largest custom rubber compounder AirBoss of America’s wholly-owned subsidiary, AirBoss Defense Group (ADD), was awarded a contract worth up to US$576 million by the US Department for Health and Human Services (HHS) – Office of the Assistant Secretary for Preparedness…
Vietnam’s nat’l forest system obtains PEFC endorsement; eyes 50k ha of certified plantations in 2021
Vietnam is the latest member country to have its national forest system endorsed by the world’s leading forest certification organisation PEFC (the Programme for the Endorsement of Forest Certification). Vietnam is the first PEFC member to supply PEFC-certified natural rubber…
Malaysia gloves demand to outpace supply by 2023
Amid the surge in new Covid-19 cases worldwide, demand for PPEs, including gloves is projected to rise. Malaysia, the world’s largest rubber gloves manufacturer is reportedly racing to increase production to augment supply until 2023. The Malaysian Rubber Glove Manufacturers…
Plastics, rubber machinery orders expected to increase in 2021 – VDMA
A recent survey with member companies of the VDMA Plastics and Rubber Machinery Association indicated optimism in their order intake and sales this year. “The demand for plastics and rubber machinery has changed significantly in all regions in the second half…
Hartalega to expand gloves capacity with new Kedah manufacturing facilities
Malaysian glovemaker Hartalega Holdings Bhd expects to amp up gloves production capacity to 143 billion/year when its new manufacturing facilities in Kedah becomes fully operational over the next 20 years, according to reports. Hartalega is investing RM 7 billion to…
Sumitomo Rubber exploits Fugaku supercomputer for rubber materials development
Sumitomo Rubber Industries (SRI) is utilising the Fugaku Supercomputer as it becomes available for general use by academic and industrial researchers from March 9. SRI has applied to make use of HPCI (High-Performance Computing Infrastructure) for industrial research purposes in 2021.…
Tyre, non-tyre applications drive synthetic rubber market to reach US$46.7 bn by 2026 – report
The latest synthetic rubber market report of Polaris Market Research highlighted important factors that expand the global synthetic rubber (SR) market size to reach US$ 46.7 billion by 2026. According to its report, which covers the periods from 2019 to…
GITI Tire in Covid-19 fund misuse allegation
The United Steelworkers (USW) earlier called out Giti Tire for “misspending millions in Covid-19 stimulus funds”. The group, one of South Carolina’s largest unions and representing 850,000-workforce in metals, mining, pulp and paper, rubber, chemicals, glass, auto supply, and the energy-producing…