ArcelorMittal has signed a Memorandum of Understanding (“MoU”) with India’s leading steel company – the Steel Authority of India (“SAIL”) – for setting up an automotive steel producing unit in the country, under a joint venture arrangement. The MoU was jointly…
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Sumitomo suffers double-digit declines
Sumitomo Rubber Industries Ltd. suffered double-digit declines in operating and net income for the quarter that ended March 31 on a combination of factors including currency exchange losses and pricing and volume/mix issues. Sales also declined by 2.9 % to…
Making the ecological difference
Specialty chemicals company LANXESS provides its innovative bio-based Keltan Eco EPDM rubber to Freudenberg Sealing Technologies. This well-known global manufacturer of seals and vibration control technology products recently started to produce rubber seals made of Keltan Eco EPDM at its…
WACKER Expands Technical Center in Moscow Munich
Munich-based chemicals group WACKER has expanded its technical center in Moscow, Russia. Auguste Willems of WACKER’s Executive Board and Dr. Christian Hartel, head of WACKER SILICONES, dedicated the new service lab today in the presence of several customers. The facility…
Mix of Q1 results for tyre industry
The first quarter of 2015 generated a mixed bag of results in sales and earnings for tyre makers. Continental A.G., Goodyear, Pirelli & C. S.p.A. and Yokohama Rubber Co. Ltd. reported jumps in earnings during the period ended March 31,…
Automotive Supplier Investing US$13 Million to Build Pulaski Plant
An automotive supplier is investing more than US$13 million to build a new manufacturing facility in Giles County that is expected to create 147 jobs. Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced this week that Proper Polymers…
Vietnam rubber market sees surge in exports
Exports of natural rubber have increased significantly according to the Ministry of Agriculture and Rural Development. In the first four months of 2015, the export volume for natural rubber hit 259,000 tonnes, up by 37.7 % compared to the same…
Malaysian rubber market ends higher
The Malaysian rubber market closed higher today, supported by the crude oil price increase and positive sentiment from the Tokyo Commodity Exchange (Tocom) futures market. “Oil prices jumped more than two % on Thursday and boosted optimism that a supply…
Energy-generating rubber combines flexibility and high-output
Ricoh has announced that it has created a novel flexible material “Energy-Generating Rubber” that converts pressure and vibration into electric energy with high efficiency. Currently, piezoelectric materials, which generate electricity with mechanical strain, are drawing attention as energy-harvesting materials. Major…
Pirelli sees rise in net income
Pirelli & C. S.p.A. reported increased operating and net income for the quarter that ended March 31 on 6.5 % higher sales, with the consumer business outperforming the commercial business. Operating earnings rose 4.5 % to US$236.9 million while net…