The Economic Times reports, “India’s natural rubber imports in June surged 41.5 percent from a year ago to 32,550 metric tons despite a rise in local output, the state-run Rubber Board said, as a drop in global prices prompted local…
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Maxxis introduces new Energtra MEco3 eco tyre
Maxxis will launch its highly anticipated Energtra MEco3 eco tyre at this month’s trade fair in Essen, Germany. The new offering will be the first passenger car tyre from Maxxis specifically designed to lower rolling resistance, fuel consumption and co2…
Vietnam rubber surplus adds downward pressure on producers
In an effort to help Vietnamese companies compete in the world market, the Ministry of Finance is considering cutting the rubber export tax to zero from the current rate of one percent. On November 11, 2013, Vietnam’s Finance Ministry issued…
Difficult return for major tyre makers in Nigeria due to import of second-hand tyres
Despite the coming on board of the new automotive policy, the hope of return of the major tyre manufactures – Dunlop and Michelin – as well as emergence of new players to Nigeria’s manufacturing space could be difficult as import…
Emerging Myanmar is Bridgestone’s new office location
Bridgestone Asia Pacific Pte Ltd, a wholly owned subsidiary of Japan-headquartered tyre maker, Bridgestone Corporation, opened its Myanmar branch office in Yangon. The office will focus on gathering information on thetruck, bus, car manufacturing industries and tyre markets, as well…
Global NBR powder market continues to grow
Transparency Market Research has released a new market report titled “Nitrile Butadiene Rubber (NBR) Powder (Linear and Cross-linked) Market for PVC Modification, Automotives, Buildings, Footwear, Consumer Goods and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast,…
Dow Corning increases production capacity for hexachlorodisilane
Dow Corning, a global leader in silicones, silicon-based technology and innovation, announced that it has significantly ramped up production capacity for hexachlorodisilane (HCDS), and is working with global and local distributors to ensure its safe and efficient supply to current…
Wacker announces opening of a new logistics facility
The Munich-based chemical group Wacker announced the opening of a new logistics facility at its production site in Amtala near Kolkata today. The high-bay warehouse has a capacity of 5000 pallet spaces and will be operated by Wacker Metroark Chemicals…
API recalls Gladiator tyres imported from China
American Pacific Industries Inc. (API) has recalled 761 Gladiator-brand light truck and trailer tyres that were exported to the U.S. from China “unlawfully” without API’s knowledge and are deemed potentially unsafe. API said it has accounted for all of the…
Maxxis reports sales increase and consistent profits
Maxxis has released its 2013 financial results, with the global tyre giant’s books showing increased sales and consistent profits. The Taiwan-based Maxxis Group has seen turnover rise from $4.63 billion in 2012 to $4.billion in 2013, and net profit remaining…