Indian rubber farmers are disgruntled as India reels from a severe crisis which sees a steep fall in rubber price. The import of natural rubber (NR) has recorded an all-time high, crossing four lakh tonne in the fiscal year 2014-15.…
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Versalis and LOTTE Chemical to expand cooperation in the Asian market
Versalis (Eni) and LOTTE Chemical will be extending their cooperation in the elastomers business under a technology license agreement regarding, in particular, the Styrene-Isoprene-Styrene and Styrene-Butadiene-Styrene (SIS/SBS) product lines. This is to target the specialty hot-melt adhesives market and additional…
Royal Holdings, Inc acquires Chemical Innovations Limited
Royal Holdings, Inc. (Royal), a portfolio company of Arsenal Capital Partners (Arsenal), announced that it has, through its Kommerling UK Limited subsidiary, acquired the stock of Chemical Innovations Limited (CIL) from Vita (Group) Unlimited. Based in Preston, UK, CIL is…
Rubber market likely to continue downtrend
The Malaysian rubber market is likely to continue its downtrend next week on negative sentiment due to fluctuating crude oil prices and oversupply situation in Asia. “The market is expected to be volatile next week given that the demand for…
Thailand left with massive rubber surplus due to weak demand
Thailand is facing yet another surplus that may be worse than the rice surplus seen earlier in the year. Currently, rubber prices have tumbled from their 2011 highs as well as overall demand for the country’s rubber exports. Domestic prices…
Honda to test self-driving prototypes
Honda Motor Co has joined Daimler AG’s Mercedes-Benz in testing self-driving vehicles and technologies on private roads at a former US naval facility outside San Francisco, the Japanese automaker said…
UTECH Europe 2015 Polyurethanes Conference line-up
Organisers of UTECH Europe 2015 polyurethanes event have announced full details of its comprehensive three-day conference taking place April 14-16, 2015 at the MECC, Maastricht, The Netherlands. Featuring over 90 detailed technical papers delivered in a total of 11 sessions,…
Relying on safety and sustainability
Globally, rubber demand is expected to grow 1.8% in 2015 and 4.1% in 2016, while plummeting rubber prices, due to oversupply, continue to impact rubber-producing countries in Southeast Asia…
Canada Tyre Market Forecast and Opportunities 2015 – 2020
Canada’s tyre market is forecast to increase at a CAGR of around 6% till 2020 Large vehicle fleet and growing hybrid vehicle sales would be the major factors driving Canada tyre market over the forecast period. Passenger car tyre market is the dominant…
Momentive unveils new silicone elastomer products
US-based Momentive Performance Materials (MPM) showcased its new silicone elastomer solutions at NPE 2015. The company, which was situated at booth S15079 at NPE, introduced its new low-volatile, self-lubricated liquid silicone rubber (LSR) Silopren LSR 3376/50, along with showing its…