Albright Technologies, a leading provider of silicone prototyping and low-volume production molding solutions, announced today a restructuring of its organization following a comprehensive evaluation of its workforce. The restructuring will pose the company to be better suited to the needs of…
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Rubber production declines sharply in Kerala
KOTTAYAM: Production of natural rubber in Kerala has declined by more than 15 % during last fiscal as against the yield for the corresponding previous year as unremunerative prices kept rubber growers away from tapping. Production of natural rubber during…
Bangkok Bank backs Deestone tyre production expansion
Bangkok Bank is providing a loan of Bt2.5 billion to Deestone Group, one of Thailand’s leading tyre manufacturers, for factory expansion, as the group expands its annual production capacity for radial tyres to 10 million units by the end of…
Goodyear receives Pro Patria Award
The Ohio Committee for Employer Support of the Guard and Reserve, an agency of the Department of Defense, has honored The Goodyear Tire & Rubber Company (NASDAQ: GT) with the Pro Patria Award, the highest state-level award given to a civilian employer…
Demand for rubber ‘threatens forests’
The global demand for rubber tyres is threatening protected forests in Southeast Asia, according to a study. Tropical forests are being cleared for rubber plantations, putting endangered birds, bats and primates at risk, say UK researchers. By 2024, up to…
Rubber to trade mixed next week
The Malaysian rubber market is likely to trade mixed next week, in tracking crude oil prices and the ringgit’s movement, a dealer said. The downtrend in the rubber price on the Tokyo Commodity Exchange and a stronger yen are also…
Cooper Tire Texarkana earns U.S. department of energy award
The Cooper Tire plant in Texarkana, Ark. has been certified as a Superior Energy Performance® (SEP™) facility at the Gold level by the U.S. Department of Energy. The plant was recognized for implementing International Organization for Standardization (ISO) 50001, which…
Delphi Automotive PLC Given New US$97.00 Price Target at Barclays (DLPH)
Delphi Automotive PLC (NASDAQ:DLPH) had its target price boosted by Barclays from US$88.00 to US$97.00 in a report issued on Thursday. They currently have an overweight rating on the stock. Delphi Automotive PLC traded down 0.89% during mid-day trading on Thursday,…
Forest Department has plan to seize back 5.1 million rai of rubber plantations
There are altogether 1,221 forest reserves scattering across the country and more than 1,000 of them have been encroached. The encroached land totals 5.1 million rai of which 4.1 million rai are in forest reserves, about one million rai in…
Pirelli, Rosneft pick Synthos as partner for rubber project
Italian tyremaker Pirelli and Rosneft have picked chemical raw materials producer Synthos as their potential technological partner for the development of synthetic rubber in Nakhodka, Russia. The three companies have signed a memorandum of understanding to conduct feasibility studies to develop…