Rubber futures in Tokyo and Shanghai declined to the lowest level since 2009 on concern that slowing economic growth in China will reduce demand from the top user amid a global surplus. The contract for delivery in September on the…
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Resilient Technologies grows after Polaris acquisition
Wisconsin-based Resilient Technologies has made a name for itself in recent years as a developer of non-pneumatic, airless tyres. Minnesota-based Polaris Industries, known as a manufacturer of snowmobiles, all-terrain vehicles and motorcycles, purchased Resilient Technologies in April 2012. Upon acquiring…
Amber Chemical silicones group, taken over
A Somerset-based manufacturer of speciality silicones has been taken over. Amber Chemicals, which operates out of Bridgwater, was bought by Michigan-headquartered manufacturing giant ICM. The Amber Chemicals group comprises ACC Silicones, Quantum Silicones, Amber Silicones (Tianjin), Treco Srl and Siovation.…
Malaysian transport department frustrates motorists from using old tyres
The road safety department (JKJR) has urged the Terengganu Road Transport Department to act more assertively in discouraging motorists from opting to buy used tyres for their vehicles. JKJR officer Ramli Jusoh said his department did not have any enforcement…
Falling rubber prices affects Sri Lankan tappers
Sri Lanka’s rubber growers are being hit by falling world prices with production volumes also dropping due to a drought within the country, an industry association said. Deputy Chairman Planters’ Association of Ceylon (PA) and CRTA Vice Chairman S. S.…
Brazilian ministry imposes anti-dumping duty on Vietnamese tyres
Brazil’s Ministry of Development, Industry and Foreign Trade has announced the imposition of an anti-dumping duty on bicycle tyres imported from Vietnam. This was reported by the national English daily Vietnam News. Brazil launched an anti-dumping investigation on the import…
South Dakota tyre manufacturer relocates headquarters
TreadWright, a small but growing manufacturing company that converts recycled tyres into new tyres for light trucks, SUVs and off-road vehicles, has moved its headquarters from South Dakota to Houston. The company recently began local recycling and manufacturing production at…
Global rubber surplus exceeded estimate
A surplus in the global natural-rubber market this year will be 78 percent more than estimated in December as demand growth weakens and production in Thailand surpasses forecasts, according to The Rubber Economist Ltd. The glut is seen at 652,000…
Natural gas hike in Malaysia affects rubber glove sector
Analysts are mixed on the impact of the price hike of natural gas towards the rubber glove sector, dependent on whether the costs are passed on to customers. The research division at TA Securities Holdings Bhd (TA Research) believed the…
SON concerns the import of used tyres into Nigeria
The Director General of Standard Organisation of Nigeria (SON), Joseph Odumodu has expressed deep concern over the influx of used tyres into the country. Odumodu, who blamed this trend on the porous Nigerian borders, said these tyres are not only…