Chinese general merchandise retailing company, Wangfujing and the country’s largest natural rubber manufacturer, Hainan Rubber formed joint ventures to enter Hainan’s offshore duty-free market, taking advantage of a yet to be implemented new tax-exempt policy, according to reports. The partners…
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Russia to revise fiscal policy to support rubber producers
Russian President Vladimir Putin ordered to prepare amendments to fiscal laws providing for the use of a cushioning mechanism for synthetic rubber sales, according to the Russian news agency, Tass, citing the list of assignments posted on the Kremlin’s website early…
Tan Sri Dr B C Sekhar: “Father” of Malaysian rubber industry honoured in Kerala; his R&D legacy prized globally
Globally renowned and Malaysia’s very own rubber research scientist, the late Tan Sri Dr B C Sekhar has been given honorary recognition by the Kerala state assembly in India, as a new science and technology school within a university in…
South Asia’s largest radial tyre factory opens in Sri Lanka
Sri Lankan President Gotabaya Rajapaksa has inaugurated South Asia’s largest tyre and radial tyre plant in Horana, in Sri Lanka’s Western Province. Ferentino Tire Corporation- Private Limited’s factory is sited on a 155-acre land that is owned by the Board…
WWF, Cambodia’s MAFF sign partnership deal on sustainable rubber value chains
WWF-Cambodia and the General Department of Rubber of the Ministry of Agriculture, Forestry and Fisheries (MAFF) signed a Memorandum of Understanding (MoU) on their first cooperation to build a multi-actor partnership for transparent and sustainable natural rubber supply chains in…
Ford upgrades with AI deal; to close Brazil plants
Ford Motor’s San Francisco-based micromobility unit Spin has partnered exclusively with Drover AI, a company specialising in artificial intelligence-based internet of things solutions for last-mile transportation. Spin operates with electric scooters in cities and universities in the US and Europe. The…
New tyres, plants, digital innovation in the pipeline for ZC Rubber
ZC Rubber Group is on track with its growth and goals targets, according to its Chairman Shen Jinrong during the company’s China Distributors Conference at end of December, where it shared its 2020 achievements, and vision for digital innovation. According…
New super rubber is jelly-soft inside, metal-tough outside
University of Virginia School of Engineering Assistant Professor Liheng Cai is developing a new synthetic rubber that is not stereotypical of durable materials that are stiff, heavy, and bulky. Cai’s lab is heeding the challenge of coming up with a…
LafargeHolcim to acquire building products unit of Bridgestone Americas
Switzerland-headquartered building materials specialist, LafargeHolcim is acquiring US-based commercial roofing and building envelope solutions company, Firestone Building Products (FSBP) for US$ 3.4 billion. Founded in 1980, FSBP is a business unit of Bridgestone Americas and part of Tokyo-based tyre maker Bridgestone Corporation.…
Momentive to take over KCC’s Silicones business in UK, Sokor
US-headquartered silicones and advanced materials company, Momentive Performance Materials has reached a definitive agreement to acquire KCC Corporation’s (KCC) Silicones business in Korea and the UK, as well as its sales operations in China, further enhancing Momentive’s global capabilities in advanced…