A new report by Persistence Market Research estimates Saudi Arabia’s tyre market to hit US$2.12 billion by the end of this year and to grow at a CAGR of 10.8% for the forecast period of 2016 to 2026. This market…
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US DOC: No anti-dumping duty for Indian pneumatic OTR tyres
The US Department of Commerce (DOC) has announced a negative preliminary determination for anti-dumping (AD) duties on new pneumatic off-the-road tyres (OTR) from India in a petition filed earlier this year by the United Steelworkers (USW) and Titan International, Inc.…
Sanok takes equityin China’s Qingdao Meteor Rubber & Plastics
Polish manufacturer Sanok Rubber Company, formerly known as Stomil Sanok, has recently acquired 100% stakes in China’s Qingdao Meteor Rubber & Plastics from the US-Chinese SIDA Corporation, making it the company’s sole shareholder. Before the deal, Sanok owned 20% of…
Continental plans EUR35-mn Taraxagum facility in Anklam, Germany
As part of its plans to industrialise the cultivation and processing of the dandelion rubber, Taraxagum, Continental is planning to invest EUR35 million in the “Taraxagum Lab Anklam” research facility located in Anklam, Mecklenburg-Western Pomerania, Germany. This project is in…
Trelleborg further enhances AVS business with new acquisition
Trelleborg continues their strategy to enhance their anti-vibration business operation with the acquisition of Schwab Vibration Control, an international manufacturer of vibration control components and system solutions. Schwab Vibration Control is a Velten, Germany-based company with offices in Switzerland and…
Semperit sees 4.8% EBITDA increase for first half of 2016
Even with the difficult market environment and weak economy, the Semperit Group still showed a stable operational development for the first half of 2016. The group’s revenue slightly decreased to EUR438.7 million in the first half of 2016 from the…
Bridgestone is Olympic Channel’s first founding partner
The International Olympic Committee (IOC) and Bridgestone Corporation recently announced a collaboration agreement, making one of the world’s largest tyre and rubber companies the first Founding Partner of the Olympic Channel. The Olympic Channel is a new, ground-breaking digital platform,…
Man giving out condoms in Rio Olympics becomes internet star
A man named Eric has gone viral on Twitter after a photo of him in the Olympic Village was tweeted by SB Nation report Rodger Sherman. The photo Sherman shared shows Eric wearing a transparent sling bag full of condoms…
Zeon, Sumitomo consider merging their S-SBR businesses
Sumitomo Chemical Company and Zeon Corporation will conduct a joint study on the possible consolidation of both of the companies’ Solution Styrene Butadiene Rubber (S-SBR) businesses. Zeon and Sumitomo are looking into forming a new joint venture company where they…
China’s medical gloves industry offers huge potential for Malaysian investors
There is a huge potential for joint ventures between Malaysian and Chinese investors in the rubber medical gloves industry in China, given the country’s huge population and low usage of such gloves in the healthcare industry currently. In 2015, China…