Olusegun Mimiko, governor of the Stateof Ondo in Nigeria, urged Rubber Estate Nigeria limited to generate power to process its rubber, rather than just exporting 70% of raw rubber product. Rubber Estate Nigeria limited is a manages over 4,500 hectares…
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Continental Tire Plant in South Carolina starts expansion
Continental Tire recently had a ground breaking ceremony for the expansion of their Sumpter facility. The expansion is expected to bring the plant’s full production capacity to approximately eight million units per year by 2021. Altogether, Continental will invest more…
Indian rubber growers shifting to other crops
Many rubber growers in India are shifting to other crops because of the falling rubber prices. All Rubber Planters’ Association president Col N Sharath Bhandary said the government should increase the import duty on natural rubber to protect the local…
Bridgestone launches “Special Edition” all-terrain tyre
Bridgestone Americas launched a special edition of its Firestone pickup truck tyre. It features a sidewall design that will appeal to your inner hunter. The Firestone Destination A/T Special Edition is the first Bridgestone tyre to feature a distinctive, etched…
Sumitomo’s Falkien tyres will be Chrysler OE
Sumitomo Rubber Industries recently announced that their Falkien ZIEX ZE914 Ecorun high-performance tyre will be the original equipment (OE) on the new Chrysler 200. The tyre company said it started delivering the tyres to Fiat Chrysler plant to be used…
Kumho Tire closes office due to strike
South Korea’s second-largest tyre maker, Kumho Tire closes down its plants last Sunday because of the ongoing strike. Kumho shuts down its plants in Gwangju, Gokseong, South Jeolla Province and Pyeongtaek, Gyeonggi Province to secure the facilities from the union…
Continental tests car winter tyres made of dandelions
Last year, Continental Tire introduced Taraxagum, a rubber material made from dandelion roots. Today, the company used the material to make a car winter tyre—the WinterContact TS 850 P. “After several years of intensive development work together with the Fraunhofer…
Falling rubber prices affecting Kerala banks
As rubber prices hit a six-year low of Rs111/kg, banks in Kerala are starting to take a hit. Banks like the South Indian Bank and Fedaral Bank witnessed a decrease in CASA (current account, savings account), in the central Kerala…
India puts anti-dumping policy of South Korean rubber imports
India’s Ministry of Finance imposed an anti-dumping policy for all acrylonitrile butadiene rubber (NBR) imports from South Korea. Anti-dumping policies put a penalty price on very low-priced imported products. Penalties are applied to increase their price and protect the local…
Lanxess makes rubber business an independent unit
Germany-based chemical company Lanxess is making its rubber production unit a separate, independent business unit in the Lanxess Group. The new unit will be made of Tyre & Specialty Rubbers and High Performance Elastomers business units. These two combined have…