The Lotus Formula One team blamed a banking technicality for a delay in Pirelli releasing tyres to them ahead of first Hungarian Grand Prix practice on Friday. The team received their tyres less than an hour before cars went out…
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In Monday’s SMEBiz: Rubber entrepreneurs, China Silk Road
Monday’s SMEBiz highlights the rubber entrepreneurs, new uses for containers and the huge opportunities in the China Silk Road. Two friends overseas glimpsed an opportunity in rubber-cushioned flooring. Eighteen years, many ups and downs later, and their company Fairmont Ventures…
Kerala govt to include latex in stimulus package
The Kerala government is expected to give a reprieve for the rubber growers who are struck by a steep fall in latex price. Finance Minister K.M. Mani said he had directed officers to form a formula to include latex in…
Desma inaguarates new facility in China
This year is a special one, because Desma is not only celebrating the 50th corporate anniversary but also the inauguration of a new and larger facility at the gates of Shanghai. Around 150 visitors participated in the opening festivities at…
JK Tyre launches RANGER – The premium range of SUV tyres
The all new Ranger Series is a multi-terrain, high performance SUV tyre series, setting a new benchmark for the future of SUV tyre segment in India · Available in two variants, Ranger Series’ design ensures best in class braking in most…
Black figures: Ceresana’s new market study about the world market for Carbon Black
No Carbon Black, no road traffic: A large amount of Carbon Black is needed for tire manufacturing. In a variety of other rubber goods, it serves mainly as a filler. Carbon black is used as a pigment for plastics, paints…
Kossan Rubber bounces after EPF ups stake
Shares of Kossan Rubber Industries Bhd rose 23 sen or 3.4% to close at RM7.07, after the Employees Provident Fund (EPF) increased its stake in the glove manufacturer. According to filings with Bursa Malaysia, the EPF currently owns about 42.94…
Ford, UAW, formally begin labor talks; jobs to Mexico at issue
Leaders of the United Auto Workers union and Ford Motor Co (F.N) started talks on a new labor contract on Thursday, with the specter of jobs fleeing to Mexico hanging over the proceedings. Earlier this month, Ford announced that it…
EU approves Czech state aid to build Nexen tyre factory
European state aid regulators approved almost 117 million euros (US$128.63 million) worth of regional investment aid to Nexen Tyre Corporation for the construction of a production plant in Zatec, Czech Republic. The aid granted from the Czech Republic promotes regional…
Rubber farmers face fresh crisis as latex prices spiral
Rubber farmers in Thiruvananthapuram are facing a fresh crisis with a steep fall in latex price. With the price of the commodity falling from Rs 152 per kilo to Rs 130 within three weeks, the inclusion of latex in the…