OVERCAPACITY is a term used very much in the glove industry these days. That and rising costs of production. In fact, the industry has been wrought by more negativity than “positivity” in the past couple of years, a different scenario…
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Public unrest against another Hayleys factory
Just under seven months to the incident which led to the closure of the Weliweriya glove manufacturing plant, another Hayleys group factory, Hanwella Rubber Products Ltd located in Hanwella has taken public to the streets, interestingly for the same contamination…
Top Glove not giving up on China
Top Glove Corp Bhd, the world’s largest rubber glove manufacturer by capacity, has no plans to exit the Chinese market, despite the group incurring an operating loss of RM5.23 million in China during the first quarter ended Nov 30, 2013…
Mitas tires now rolling in fields across the US
Boasting a successful farm tyre business in Europe, Mitas is growing its brand in the US Mitas tires can be found on machinery by John Deere, Case, Unverferth and, in a new partnership, McCormick, as well as others. “It’s not…
Tokyo rubber faces tough resistance, sugar premiums may rise
High rubber inventories will weigh on Tokyo rubber futures this week, but sugar premiums could edge up after New York futures fell on easing day weather concerns in main producer Brazil, dealers said on Monday. In the coffee market, higher…
Hittin’ the road on recycled tyres
New access ramp to Metro Transit garage built with tyre-derived aggregate “Where the rubber meets the road” has taken on new meaning in Halifax Regional Municipality. The region, in partnership with the province and Stantec Consulting Ltd. of Dartmouth, used…
Yokohama to roll out trio of new commercial tyres at MATS
Yokohama Tire Corp. will roll out a trio of new commercial tyres at the Mid-America Trucking Show. The 902L and 709L ultra wide base drive tyres will be on display and a new coach/bus tyre, the 104ZR Spec-2, will be…
Imports to remain as peak season rubber output falls
Serious drop in the production of natural rubber (NR) during the peak season (Sept– Feb) of the current financial year has raised concern over its domestic availability. While the the peak season production dropped to 518,000 tonne as against 546,500…
Lanxess said to hire Macquarie to explore rubber options
Lanxess AG (LXS) has hired Macquarie Bank Ltd. to advise on the potential sale of a rubber-chemicals business, according to people with knowledge of the matter. The process to explore options for the asset is still in the early stages,…
Commission endorses investment aid for Hankook for production of tyres in Rácalmás, Hungary
The European Commission has authorised €57.9 million of regional investment aid to the Hungarian company Hankook Tire Hungary Manufacturing and Trading Ltd (“Hankook Hungary”) for the construction of a tyre plant in Rácalmás, Fejér county, Hungary. The Commission found that…