State-run Vietnamese rubber giant Vietnam Rubber Group (VRG) is seeking permission from the Prime Minister to acquire its own finance subsidiary to help cover the VND 1.77 trillion ($83.31 million) losses of the beleaguered company. The proposal has been criticized…
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Michelin plans to expand business in China
Michelin will double its business in China over the next 10 years, according to a Reuters report. The news was announced during Michelin’s investors day in China. The tyremaker also aims to produce 220,000 tons annually at its Shenyang plant…
US scrap tyre market flourishes while stockpiles lessens
The Rubber Manufacturers Association (RMA) issued a report coinciding with National Recycling Week, which runs from Nov. 10-16. The report found that more than 90% of scrap tyre piles are cleaned up while 96% of tyres discarded in 2013 were…
TVS Srichakra reports net profit rise in second quarter
Shares of tyre company TVS Srichakra surged 20 per cent in trade after the company came out with impressive set of results for quarter ended September 2014.The company’s net profit surged to Rs 26.04 crore in July-Sept 2014 from Rs…
Greenball reveals new Centennial Terra Trooper A/T at SEMA show
Greenball Corp. introduced the Centennial Terra Trooper A/T for on and off-road use at the 2014 Specialty Equipment Market Association (SEMA) Show in Las Vegas. The Terra Trooper will be available in 12 sizes in the second quarter of 2015.…
Indian Rubber Policy sub-committee to resolve farmers burden
KOCHI: As rubber prices continue to slide, a sub-committee of the panel to formulate National Rubber Policy is meeting in Kochi next week, which among other things would discuss steps to boost domestic demand for rubber and insulate farmers from…
Momentive approves new expansions in Thailand facility
Momentive Performance Materials Inc. commissioned two new expansions at its Rayong, Thailand manufacturing facility to serve the growing Asian market demand for specialty chemicals. Commissioning took place as part of part of the 10th anniversary celebration of the Rayong operations.…
Conti TrueContact touring tyre gains New Products Showcase award
Continental Tire the Americas LLC’s Continental TrueContact performance touring tyre has won the Specialty Equipment Market Association (SEMA) New Products Showcase Award in the Tire and Related Product category. Runners-up were Cooper Tire & Rubber Co. for its Discoverer SRX…
Cambodian rubber industry gains strength due to floor price agreement
The price of Cambodian rubber sold locally and internationally is creeping back up after a floor price was agreed upon last month by the region’s rubber representatives, giving traders hope that the industry is gaining strength after languishing for months…
Dow Corning to exhibit silicone technologies at COMPAMED 2014
Dow Corning will exhibit at COMPAMED 2014 from November 12-14 in Düsseldorf/Germany. Visitors to booth M27 in Hall 8a will have the opportunity to get an exclusive glimpse of cutting-edge silicone technologies the company will bring to the market soon, and…