Thailand-headquartered PET integrated manufacturer Indorama Ventures (IVL) has reached a definitive agreement to acquire one of the world’s premium automotive fibre businesses, Performance Fibers Asia, including all its Asian manufacturing operations and the right to continue using the name Performance…
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Thai govt’s pursuit to boost rubber prices hindered by red tape
Deputy Prime Minister Pridiyathorn Devakula admitted yesterday the government’s attempts to tackle falling rubber prices have been slowed by bureaucratic red tape. However, he said he was sure local rubber prices would soon pick up after a cabinet meeting today…
Malaysian ministry to outline ways on how to help rubber smallholders
The Rural and Regional Development Ministry is looking for the best approach to help rubber smallholders, of about 400,000 people in the country, whose income has been affected due to the drop in the price of rubber. Its minister, Datuk…
Mitas begins global sales of VF farm tyres
Czech tyre maker Mitas, starts selling its very high flexion (VF) farm tyres in worldwide markets. In a press release, Mitas said the VF tyre product line played a key role in the firm’s premium product offering, which is replacing…
New tyre technologies for faster, fuel efficient performance
Global tyremaker Bridgestone has begun supplying BMW’s new i-series electric cars with what it markets as its “ologic” technology. The ologic tyres are larger in diameter and narrower to cover more distance in one revolution; but t has a tall…
Cooper closes sale of CCT stake to Chengshan
Cooper Tire & Rubber Company recently announced that it has closed the sale of its 65% ownership in Cooper Chengshan (Shandong) Tire Company Ltd (CCT) to Chengshan Group Company Ltd for approximately US$262 million net of taxes and including dividends…
Ashland completes elastomers business sale to Lion Copolymer
Kentucky, US-headquartered specialty chemicals firm Ashland, recently announced the completion of the sale of its elastomers business, based in Port Neches, Texas, to US synthetic rubber specialist, Lion Copolymer. Financial terms were not disclosed. The elastomers business, which primarily serves…
Chinese group nixes new standard for rubber compound import
The China Rubber Industry Association (CRIA) balks at the new standards set by the Chinese government for the import of rubber compound compositions. The new standard redefines compounded rubber with a maximum of 88% crude rubber in its composition as…
High temperature, production costs take toll on Kerala rubber
Rising temperature and high cost of production are likely to take the sheen away from the Kerala rubber industries, known as the haven for rubber production in the country. Interestingly, the gainers will be the North East region lead by…
AFET pushes for central rubber markets in Thai provinces
The Agricultural Futures Exchange of Thailand (AFET) seeks to set up central markets for rubber in each province, while farmers belonging to these markets will be encouraged to produce premium-grade rubber so they can avoid being pressured by middlemen or…