The gloves sector is facing challenging times, with demand declining and an oversupply situation expected, though Malaysia, the largest exporter of gloves, maintains an optimistic view. Meanwhile…
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Tyre sustainability with nanomaterials
Tyre demand is expected to reach 2.9 billion units or US$276 billion in 2017. With this huge demand, tyre companies weigh upon the availability of feedstock, costs of materials, as well as…
Rising sales, new products buoy up Bridgestone in 2014
Bridgestone Corporation has recently released its consolidated financial results for first half of 2014, posting increases in Net sales, Operating income, Ordinary income, and Net Income, over the same period a year ago. In a press release, Bridgestone indicated that…
North Sumatra rubber and rubber goods export earnings decreases
North Sumatras earning from exports of rubber and rubber goods declined 27.38 percent in the first half of the year on weak demand. “North Sumatras exports of rubber and rubber goods were valued only at US$814.54 million in the first…
Lanxess to merge certain business units
Lanxess is pressing ahead systematically with its realignment. The specialty chemicals Group has defined a three-phase program “Let’s Lanxess again,” divided into the following three areas: Business & Administration structure competitiveness, Operations Competitiveness, Portfolio Competitiveness. The group-wide restructuring program initiated…
Yokohama reports net income upsurge
Yokohama Rubber Co. Ltd. reported record sales and earnings for the first half of fiscal 2014, with operating and net income jumping 23.8 and 38.4 percent, respectively, on 5.3-percent higher sales. Yokohama attributed the “robust fiscal performance” to business gains…
Bridgestone develops tyre for BMW i8 electric hybrid vehicle
Following hard on the heels of Bridgestone’s selection as exclusive development partner for the electric BMW i3, this latest agreement is further
New market report forecasts US silicone market to climb
Reportbuyer.com has added a new market research report: U.S. Silicones Market, Freedonia. U.S. demand for silicones is forecast to climb 4.7 percent annually to $4.3 billion in 2018, with volume rising 3.2 percent per year to 900 million pounds. This…
Countrywide adds new trailer tyre to RubberMaster brand
Countrywide Tire & Rubber Co. has added an ST radial trailer tyre to its RubberMaster brand offerings. The company said the opportunity to produce the new tyre came during the development of Countrywide’s recently launched direct container program, LINK, and…
VMI Group fights IP infringement in China
Dutch VMI Group has convinced the Chinese law enforcement to raid a Chinese company that is making equipment that replicates VMI’s tyre building drums. The results of the raid are now being examined by the Chinese courts and a ruling…