GLOVE maker Kossan Rubber Industries Bhd is investing RM100 million to build three new plants to boost nitrile glove production capacity from the current 16 billion pieces to 22 billion pieces a year. One plant will be on stream by…
Author: admin
TVS Automobile Solutions and Myers form JV
INDIA-based TVS Automobile Solutions, a part of TVS & Sons and US-based Myers Tire Supply International have formed a partnership to mutually promote their products in the various markets across Asia. The new company, Myers Tyre Supply India Limited, Inc.…
Michelin commits US$1 billion in capital investment in France
RENCH tyre specialist Groupe Michelin has pledged a US$1.06 billion capital investment amidst its moves of plants closing in Columbia and Algeria by end of the year, with the latter being planned to sell to Groupe Cevital, an Algerian private…
Thailand to create fund for stabilising rubber price
The fund can procure 50,000 tonnes of rubber, which reports say is enough to sustain rubber price.
Apollo to acquire Cooper Tire in US$2.5 billion deal
INDIAN firm Apollo Tyres will acquire a 100% stake in US-based tyre maker Cooper Tire & Rubber Company for US$2.5 billion (R14,500 crore). The former will fund the acquisition fully by raising $2.5 billion of new debt. The deal will…
Lanxess to increase prices for rubber chemicals
The price increases, which are needed to offset higher production costs, will impact the Vulkanox (antidegradant) and Vulkacit (accelerator) product groups.
India imports rubber to offset tight supply
WITH tight natural rubber supply in the domestic market, the Indian tyre industry is forced to import the material despite the high costs due to falling rupee .
Continental tyres to boost performance of Quattroporte sports car
The tyres feature asymmetrical tread ribs and offset tread blocks and manufactured in different versions for front and rear axles using a rubber compound with high silica content.
Precision Polymer Engineering debuts new US test plant
US rubber seals maker Precision Polymer Engineering (PPE) has opened its new test and customer support plant in Houston, Texas. Established in 1974, the firm specialises in rubber seals for the pharmaceutical, oil and gas industry, mainly in the USA,…
Goodyear launches Storm Priority service for trucks
THE GOODYEAR Tire & Rubber Company has launched a new service, the Goodyear Storm Priority, to help keep utility trucks up and running as crews work to restore power during and after severe weather incidents. The service is said to…