Tyre equipment manufacturer Harburg-Freudenberger (HF), based in Hamburg, has sold its extrusion division to rubber extrusion machinery-maker Troester that will reportedly absorb all HF’s extrusion employees and will maintain the location in Hamburg, Germany, so as to ensure product continuity.…
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Trinseo acquiring Dow’s latex assets in Germany
Plastics, rubber and latex binders solutions provider Trinseo is to acquire US chemical firm Dow Chemical’s latex production facilities and related infrastructure in Rheinmunster, Germany, for EUR40 million, in the form of assumed pension liabilities for transferred employees. The transaction…
Nexen Tire opens new R&D centre in Seoul
South Korean tyre manufacturer Nexen Tire has launched ‘The Nexen UniverCity,’ a building that includes research and business complexes spanning over 57,000-sqm located at the Magok Industrial Complex in western Seoul, South Korea. Nexen invested US$178 million through two years…
Global demand for badminton shoes to exceed US$2 bn in 2019
Global sales of badminton shoes are expected to cap over 53,400 units in 2019, with global demand surpassing US$2 billion, according to Fact. MR’s Badminton Shoes Market research for the period of 2018-2028.The badminton shoes market is estimated to grow…
Malaysia’s Rubber Board faces moratorium on property development
The Malaysian government has imposed a moratorium on the Malaysian Rubber Board (MRB) in regards to its property and real estate development activities. Primary Industries Minister Teresa Kok announced the news in an interview session in Putrajaya recently. In the…
Pirelli promotes NR sustainability through interactive media
Italian tyre maker and distributor Pirelli has launched “Being Fast Takes Time,” a website dedicated to promoting public awareness of natural rubber (NR). The digital report- told through 30 black and white images, videos and other elements, including a logbook…
Malaysian government to allocate RM42 mn for rubber smallholders
The Malaysian Finance Ministry, after being alerted by the Sabah Government and the Sabah Rubber Industry Board (LIGS), has announced a welfare aid totaling RM42 million for rubber smallholders in Sabah following the monsoon season. The sum will be distributed…
Hella furthers its presence in China; ties up with partners
In line with its focus on the Chinese market, German automotive parts supplier Hella has signed further cooperation agreements at the recent Auto Shanghai motor show in China. “China is and remains one of the key automotive markets for Hella,”…
Cambodian rubber exports increase despite declining global prices
The Cambodian General Directorate of Rubber under the Ministry of Agriculture, Forestry and Fisheries reported a 23% increase in rubber exports with an average price of US$1,279 per tonne for the first quarter of 2019–about US$61 million in revenue. The…
Boge expands production of vibration control systems in China
China’s automotive industry is growing rapidly and manufacturing plants are quickly cropping up around China. Germany-based supplier of vibration control technology and plastic solutions for the automotive industry, Boge Rubber & Plastics, is jumping on the bandwagon too, and will…