China-based tyre manufacturer Guizhou Tyre recently broke ground on two new production plants near the company’s headquarters in Guizhou, Guiyang Province. Once constructed and fully operational, the US$307 million plant is expected to generate nearly US$426 million annually from its…
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EcoTyre invents zero waste, mobile tyre recycling technology
Ukrainian green tyre startup EcoTyre has presented its “plant on wheels” recycling strategy at the innovative Climate Launch pad competition, held recently in Amsterdam, the Netherlands. Their project enables the production of valuable raw materials, such as crumb rubber, steel…
Vietnam gains more than US$2b over 11 months from rubber exports
Exports of 1.5 tonnes of rubber between January and November 2019 have earned Vietnam a whopping US$2.02 billion; about 200,000 tonnes of rubber was exported in November alone, which brought in some US$260 million. According to Vietnam’s Ministry of Agriculture…
Halcyon Agri launches Bounce rubber movement to shape a sustainable industry
Natural rubber (NR) corporation Halcyon Agri has recently launched the world’s first sustainable rubber movement, Bounce, which is aimed at driving consumer change for an equitable NR industry. NR is a widely-consumed, vital component of various industries including the transport…
Trelleborg Qingdao, China facility expands local production for tunnel sealing products
Trelleborg’s Marine and Infrastructure operations is to locally produce its Gina Gaskets – vital components of construction – for various Chinese landmark projects including the ShenZhong Link project in Guangdong Province, touted to be the largest and widest immersed tunnel…
China sets new guidelines to promote tyre recycling among public
The Chinese industry ministry is to step up efforts on the re-use/recycling of its waste rubber tyres to curb pollution and ensure “comprehensive utilisation” of resources. China has a mounting waste problem – transport ministry data figures at least 340…
Malaysia investment banker expects stronger rubber glove earnings in 2020
Malaysia’s Affin Hwang Capital Research (Affin Hwang) thinks the acknowledgement of high production costs and labour issues will boost performance in the rubber glove sector throughout 2020 – the group expects glove makers to benefit significantly from stronger US demand…
Metso Corp. to shut down rubber parts plant; restructure manufacturing operations in Sweden
Finnish manufacturer Metso will be discontinuing its rubber parts manufacturing operations in Ersmark, Sweden, in order to review its manufacturing capabilities in the European, Middle East and African (EMEA) region. The Ersmark plant produces rubber and mill lining wear parts for…
Evonik and Wynca break ground on a new fumed silica plant in Zhenjiang
The joint venture between German chemicals firm Evonik and the Chinese company Wynca – Evonik Wynca (Zhenjiang) Silicon Material Co., Ltd. has officially started the construction on a new fumed silica plant in Zhenjiang, Jiangsu Province, China. Scheduled to become…
Nynas applies for company reorganisation
Swedish chemical firm Nynas AB has filed for company reorganisation at Södertörn’s District Court. Nynas loans have not been extended by the banks. Thus, Nynas cannot pay due debts forcing the company to apply for a reorganisation of the company.…