The owner of a tyre business has been jailed for 15 months, suspended for two years, after illegally storing almost 85,000 waste tyres at sites in Devon. Andrew Mayhew admitted five offences at Plymouth Crown Court of running a waste…
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Kenyan tyre maker Sameer swings into 2014 loss
Kenyan tyre maker Sameer said on Wednesday it swung into a loss in 2014, hurt by competition from subsidised imports into Kenya and political unrest in some of its export markets. Sameer, which had issued a profit warning in August…
India to totally produce its own synthetic rubber by 2017
India is expected to become self-sufficient in synthetic rubber by 2017 as its production capacity triples, industry executives said, improving raw material supply for tire makers in a country that is home to one of the world’s biggest car markets.…
WRS: outlook for rubber dismal; long-term prospects seem better
With rubber prices hovering at a dismal low for the past five years, against an oversupply situation in both synthetic and natural rubbers and weakening crude oil outlook, the industry is pacing…
Fall in the price of natural rubber affects companies
Continuing fall of natural rubber price has a knock-on effect on the sales of Kerala-based chemical companies like Periyar Chemicals and Kemstok Petrocids. Hurt by the sharp fall in prices, farmers in the state have lowered natural rubber production significantly,…
Michelin sees rubber rout ending
The slump in global natural rubber prices is probably over because producers are finding it harder to cover their costs and will cut output, according to Michelin & Cie, Europe’s largest tyremaker. Rates have reached a floor of about $1.50…
Delphi has been named as one of the world’s most ethical companies
For the third year, Delphi Automotive PLC (NYSE: DLPH) has been named one of the “World’s Most Ethical Companies” for fostering a culture of ethics and transparency at every level of the company. The recognition was given by the Ethisphere…
Apollo Tyre to set up a joint venture in China
Apollo Tyres Ltd is to set up a joint venture in China, according to Beijing Auto chairman Xu Heyi. The proposed venture will have an annual production capacity of about 1 million tires, Xu said in Beijing, where he was…
Cyclomethicone market – global industry analysis and opportunity assessment 2015 – 2025
Cyclomethicone also known as decamethylcyclopentasiloxane is a clear, odorless, alcohol free and colorless silicone liquid. It is soluble with numerous oil based products. It has a cyclical structure rather than linear structure of dimethyl silicone. Cyclomethicones are commonly used as…
India’s Rubber Support Scheme fails
The much-publicised scheme to help rubber growers, which the state government brokered with leading tyre makers in December, to ensure that the latter lifts natural rubber at 20 % above the international market price, has turned out to be a…