Finance minister K M Mani has urged procurement agencies, Rubbermark and Marketfed, to intensify procurement of rubber in the wake of steep fall in the price of rubber. “Rs 10cr has already been set apart by the government for procuring…
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Demand for global rubber gloves expected to surge
The global demand for rubber glove is estimated to increase by 8 per cent in 2014 compared to 2013, with a projected output of 178.6 billion pieces. Malaysia is the world’s leading producer and exporter of rubber gloves and it…
Argentina’s tyre market predicted to increase 10% annually
Argentina’s tyre market is forecast to grow about 10 percent annually through 2019, according to TechSci Research. In the “Argentina Tire Market Forecast & Opportunities, 2019” market report, the research firm said a low motorization rate coupled with rising disposable…
Goodyear OTR earned new contract from London Gateway
Goodyear Off-The-Road (OTR) tyres have been fitted to 28 Kalmar ESH-250 Shuttle Carrier vehicles at London Gateway. The new fitment forms a 3-year contract between Goodyear and DP World London Gateway to provide Goodyear OTR EV-3+, EV-4A and EV-4C Industrial…
BMW and Mercedes-Benz selects Hankook tyres
Hankook Tire Co. Ltd. announced that it has been selected by the BMW Group to equip the new 2014 BMW MINI, and the tyre maker will also be equipping the new Mercedes-Benz C-Class. The company will supply the original equipment…
Evonik and GCL on jv for silicon compounds plants in China
German specialty chemicals Evonik Industries and Chinese polycrystalline silicon (PCS) manufacturer Jiangsu Zhongneng Polysilicon Technology Development, signed a letter of intent to form a joint venture for the production of fumed silica and ultra-pure silicon tetrachloride in China. Evonik, a…
Truck and bus tyres top first quarter sales in EU – ETRMA
The European Tyre and Rubber Manufacturers Association (ETRMA) recently published sales generated by its members in the first half of 2014. The figures indicated an uptrend in truck and bus tyres sales in Europe during the first quarter of the…
Kumho to restart construction of US facility
South Korean tyre marker Kumho Tire said on Tuesday it plans to invest $413 million to build its first factory in the United States to cater to demand from Hyundai Motor Co and other global automakers. Kumho Tire said it…
Bright outlook on improving tyre demand vanishes, tyre manufactures buy less SBR
Platts reports, “Optimism about improving tire demand appears to be fading as tire manufacturers nominated lower feedstock emulsion styrene-butadiene rubber contractual volumes in July as tire sales fell, market sources said this week. Weak replacement tire figures were described as…
Hexpol gains business of Kardoes Rubber
Hexpol has signed an agreement to acquire the business of Kardoes Rubber Co. from the founder Frank Kardoes and his family. Frank Kardoes started Kardoes Rubber in 1988 and Kardoes is today a well-known rubber compounder in the U.S. market.…