Fiat Chrysler Automobiles NV misled U.S. auto safety regulators about recall notifications to the owners of vehicles equipped with defective Takata Corp air bags, a U.S. safety recall analysts said on Thursday. “Fiat Chrysler failed to notify owners within the…
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Edo loses $180 million annually for not investing in rubber plantation – says rubber investor
Paul Ogbebor, an investor in rubber production industry has said that Edo State government loses about $180 million annually for not investing in rubber plantations, which he believes the state has a comparative advantage. Ogbebor remarked that the State was…
Federation to procure 5,000 tonnes of rubber
The Kerala State Cooperative Rubber Marketing Federation has decided to procure 5,000 tonnes of rubber in the first phase. Addressing a press conference here on Friday, federation office-bearers said that the procurement would be based on the government’s price stabilization…
Rubber Production Incentive Scheme: Government Issues Orders
The government has issued orders, framing the guidelines for the implementation of a ‘Rubber Production Incentive Scheme’, which guarantees a price of Rs 150 for a kilogram of rubber.Chief Minister Oommen Chandy had said that a Rs 300-crore scheme to…
Australia’s Ansell to shut local condom, US gloves units
Australian rubber products firm Ansell Ltd said it will relocate its condom unit offshore, exit a U.S. military gloves operation and shut down a Malaysian manufacturing plant, cutting 250 jobs and leading to a one-off charge of US$124.7 million. The…
New Viton fluoroelastomer resists aggressive organic acids
Chemours announced the commercial availability of Viton VTR-9307, a new, bisphenol-cured fluorinated rubber pre-compound for the production of fluoroelastomer (FKM) parts with long-term resistance to hot acidic gases and condensates. Chemours is a wholly-owned subsidiary of DuPont and is on…
Solvay launches production of highly dispersible silica for energy saving tyres in Poland
Solvay is hosting a ceremony to mark the production launch of Highly Dispersible Silica (HDS) at its new state-of-the-art plant in Wloclawek, Poland, to address strong and growing regional demand for energy saving tyre Polish authorities and other dignitaries present…
Cooper Tyre & Rubber is Now Oversold (CTB)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator…
Rubber mart ends mixed
The Malaysian rubber market closed mixed today amid cautious sentiment on the regional market, a dealer said. He said the positive factor of a weak yen was countered by profit-taking. The Malaysian Rubber Board’s official price at noon for tyre-grade…
Toyota, Nissan expand air bag recalls after latest U.S. action
Toyota Motor Corp (7203.T) and Nissan Motor Co (7201.T) said on Thursday they would expand a recall previously issued in North America to the rest of the world to replace potentially deadly passenger-side air bag inflators made by Takata Corp…