A fire that engulfed a footwear factory in a suburb of the Philippine capital has killed 72 people, authorities said Thursday. The blaze swept through the slipper and shoe factory in Valenzuela City on Wednesday, sending huge clouds of thick…
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AirBoss, Flexible Products make strides since acquisition
Timing is everything. When AirBoss of America Corp. purchased Flexible Products Co. for US$51 million from the Reid family in late October 2013, it proved to be an extremely astute move. Both companies have made out well thus far. Flexible…
Nokian claims world first with AA-labelled winter SUV tyre
The introduction of the European tyre label in November 2012 resulted in murmurs from some tyre makers – most notably Nokian Tyres – about its unsuitability for appraising their winter ranges, and the Finnish manufacturer even went as far as…
LANXESS’ shares to rise sharply on tyre markets recovery, savings – UBS
German chemicals major LANXESS could see its shares jump sharply within 12 months on the back of a recovery in the tyre markets and the restructuring programme implemented by the company progressing well, investment bank UBS said on Thursday. The bank…
Michelin ready to return as Formula 1 tyre supplier
Michelin has made it clear it is ready to make a return to Formula 1 when the championship’s existing tyre contract comes to an end. The French tyre manufacturer was last involved in 2006, opting to depart at the end…
ANRPC members agree to price stabilization
Member nations of the Association of Natural Rubber Producing Countries (ANRPC) have vowed to renew their efforts to stabilize natural rubber (NR) prices during a ministerial-level meeting in Kuala Lumpur. “The ministers agreed that to stabilize NR prices at the…
Tyre recycling collaboration between China and Malaysia
China Automobile Parts Holdings has signed a memorandum of understanding with Malaysian company SRI Elastomers to build a facility in China’s Xiamen City for recycling end-of-life tyres and other processed rubber scrap into a rubber compound. The facility will adopt…
Govt aims high in boosting domestic use
The government expects domestic absorption of natural rubber to climb to 40 percent in the next five years from 18 percent now as it plans to spur growth in the downstream industry. “At present the world price of rubber is…
Forum: New evidence demands action on fields using rubber tyres
How should the public react to new studies showing that carbon black nanoparticles in rubber tyres could be as dangerous as asbestos? These are the same rubber tyres that are shredded and placed in toddler playgrounds and synthetic turf fields.…
Cooper Standard Appoints Frisbie as Vice President of North American Operations
Cooper-Standard Holdings Inc, the parent Company of Cooper-Standard Automotive Inc. (“Cooper Standard”), today announced the appointment of Ronald A. Frisbie to vice president of North American operations effective May 4, 2015. In his new position, Frisbie will oversee the Company’s North…