The Tropical Landscapes Finance Facility (TLFF), a partnership between UN Environment, World Agroforestry Centre, ADM Capital and BNP Paribas, today announced its inaugural transaction, a landmark US$ 95 million Sustainability Bond to help finance a sustainable natural rubber plantation on heavily degraded…
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Global airless tyres market may see double-digit growth from 2017 to 2025
The global airless tyres market is estimated to register double digit growth over the forecast period 2017 to 2025. The overall airless tyres is expected to be majorly driven due to their immense advantages over conventional pneumatic tyres. Eliminating air…
New chemical plant costing US$20 million to open in Berkeley Country, US
Berkely Country will see the opening of a US$20 million manufacturing plant.The plant is expected to start producing a compound that’s vital to South Carolina’s fast-growing tyre industry. The Upstate-based owner of the Charleston International Manufacturing Center announced Wednesday that…
Semperit introduces sustainable restructuring and transformation, expected pass of dividend
Based on the results of the ongoing analysis and transformation process which have been obtained so far as well as discussion of the outcome with the Supervisory Board, the Management Board of Semperit AG Holding emphatically introduces a phase of…
After full-year profit jump, Pirelli expects stable 2018 growth
After seeing a full-year profit rise, Italian tyre company Pirelli is expecting adjusted operating profit of at least 8 % this year, maintaining stable growth through its focus on high-margin premium tyres. The company reported a 9.7 % rise in…
New factory will support company’s growth – Kossan Rubber Industries Berhad
Glovemaker Kossan Rubber Industries Bhd said that its new factory – known as Plant 16 – will underpin the company’s growth this year. The factory in Jalan Meru will add three billion pieces of gloves a year to its production, boosting…
Butadiene rubber market to reach US$8.2 billion by 2026 end: FMI study
The demand for synthetic rubbers continues to witness an upsurge as companies fail to find competent natural substitutes. In the view of changing industrial applications, styrene butadiene rubber has emerged as one of the greatest synthetic rubbers used in the…
Global nitrile butadiene rubber market, 2025 – market is expected to reach USD US$2.6 billion
The global nitrile butadiene rubber (NBR) market is expected to reach USD 2.59 billion by 2025, growing at a CAGR of 3.3% Asia Pacific is expected to provide ample scope for the industry growth of NBR by the end of 2025. China, India, and Southeast…
Cooper Standard reports record 2017 results
Cooper-Standard Holdings Inc. has reported its results for the fourth quarter and full year 2017. Fourth Quarter 2017 Highlights Sales increased 7.1 % to a record US$937.9 million Net income totalled US$28.5 million or US$1.53 per fully diluted share Adjusted net income totalled US$63.6 million or US$3.42 per fully…
Bridgestone launches winter tyre for heavy-duty pickup trucks and SUVs
Bridgestone Americas, Inc. (Bridgestone) has announced the expansion of its premium winter tyre line with the release of the Bridgestone Blizzak LT tyre for heavy-duty pickup trucks and SUVs. The new Blizzak LT tyre is engineered to provide hardworking drivers improved…