Natural rubber stakeholders convened in Singapore on March 21, 2019 for the inaugural General Assembly of the Global Platform for Sustainable Natural Rubber (GPSNR) – an independent platform that will lead improvements in the socio-economic and environmental performance of the…
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New C-Check measuring system for tyre production
A new non-contact C-Check system has been introduced designed for in-line conductivity measurement of chimney strips directly after the extrusion process. Available from Germany machinery firm KraussMaffei Berstorff, it enables in-process detection of material defects and transmits a warning signal…
Kraton to construct TPE latex unit in Brazil
Kraton Corporation, formerly Kraton Performance Polymers, has approved of the construction of a semi works latex unit in Paulinia, Brazil, which is scheduled to complete by early 2020 and ready for commissioning by the second quarter of 2020. Kraton is…
Firestone’s Liberian plant laying off 800 workers
Firestone Natural Rubber Company – the biggest employer in Liberia’s private sector – will be laying off 13% of its workforce or around 800 Liberian employees over the second quarter of 2019. Headcount reductions will include retirements, the discontinuation of…
Goodyear to upgrade plants in Germany; laying off 1,000 jobs
American Goodyear Tire & Rubber Co. has approved of plans to upgrade and automate two of its tyre manufacturing facilities in Hanau and Fulda, Germany, to increase production of premium tyres 17 inches in diameter and larger. The plan was…
ICEX bargain buying on rubber likely to increase
Futures contracts of rubber settled a touch higher on the Indian Commodity Exchange (ICEX) due to bargain buying by market participants following a recent fall in prices and expectations of a rise in demand from domestic tyre makers- the most-active…
Trelleborg acquires Italy’s Provana in new market strategy
Swedish group Trelleborg has – through its Trelleborg Wheel Systems subsidiary -signed agreements and finalised the acquisitions of Provana Solutions and Provana Quality Center. Provana Solutions specialises in the distribution and service of tyres and wheels to tractor dealers and…
China’s Doublestar to acquire Shandong Hengyu Tech in US$134 million deal
Chinese game-player Qingdao Doublestar Group plans to acquire fellow Chinese tyre-maker Shandong Hengyu Technology Group for US$134 million (CNY899 million) in a careful expansion and capacity optimisation plan in 2019. Dongying City, Shandong-based Hengyu Technology Group – also known as…
Singapore’s Olam International to sell off rubber business and others to reel in US$1.6 billion
Singapore-based agriculture and food major Olam International plans to sell off four of its businesses, including rubber, over the next six years to yield an income of US1.6 billion; and to invest a further US$3.5 billion in its agriculture and…
Market for ground support equipment tyres on the uptrend
The global ground support equipment tyres market is projected to have been valued at US$395.8 million in 2018 and is projected to generate incremental opportunity worth US$233.3 million between 2018 and 2028, says Persistence Market Research in its latest research…