The Goodyear Tire and Rubber Company (Goodyear) will be suspending production at its tyre, retread and chemical plants in North and South America until early April as it braces against the sudden decline in market demand following the COVID-19 pandemic.…
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Sinochem sets up rubber antioxidant plant in Thailand
Sinochem International Corporation, a China-based international fine chemical company listed in Shanghai Stock market, has begun construction of its polymer additives plant in Rojana Industrial Park in Thailand – which is the company’s first overseas polymer additives production base. Opening of the plant will…
Cambodia to adjust rubber export tax rate to ease struggling farmers’ burden
The recently signed sub-decree exempting export tax on rubber will greatly assist the struggling rubber industry in Cambodia when it comes into effect in April this year. The sub-decree, signed by Prime Minister Hun Sen, states that dry rubber will…
Epsilon Carbon to build environmentally-friendly carbon black facility in Karnataka, India
Coal tar derivatives company Epsilon Carbon will soon set up an environmentally-friendly carbon black facility in Karnataka, southern India. The company reveals that the first phase of the new, US$121.1 million carbon black facility is expected to be commissioned by…
Nokian Tyres’ Dayton factory starts up commercial production
Manufacturer Nokian Tyres has begun commercial tyre production at its North American (NA) factory in Dayton, Tennessee. It is the company’s third global production facility, joining others in Finland and Russia. The company officially broke ground on the factory in…
Rubber glove stocks rocket after COVID-19 pandemic declaration
Rubber glove manufacturers have seen increased demand since the World Health Organization declared the COVID-19 outbreak a pandemic – gains were reflected in rubber glove stocks, including Malaysian rubber glove manufacturers such as Top Glove, Hartalega Holdings, Kossan Rubber Industries,…
Covid-19: Marangoni continues to operate while enforcing necessary measures
With the complete lockdown of Italy, given the wide spread of COVID-19, Italy’s retreading systems/tyre machinery maker Marangoni says it is not stopping and is “acting with commitment and determination to continue to produce, as permitted by the Italian Prime…
London students’ prototype device reduces air pollution from worn-out tyres
A group of postgraduate students from Imperial College London have fashioned a unique anti-pollution device capable of absorbing nearly 60% of airborne tyre particles from old tyres. The prototype, which attaches to the side of a tyre and has a…
Ansell to purchase 50% equity in Malaysian glove maker
Australian protection solutions provider Ansell Limited is acquiring 50% of the issued shares in Careplus (M) Sdn Bhd from Careplus Group Berhad for a total consideration of RM37 million (approx. US$9 million) including capital investments and subject to Careplus Group…
Continental’s 2020 outlook muted on auto sector decline
In a sharply deteriorating market environment, German technology firm Continental says it has managed to achieve its adjusted targets for fiscal 2019, as the Hanover-based company chalked up sales in the past fiscal year of EUR44.5 billion (2018: EUR44.4 billion), while the adjusted…