TOYO Tire North America Manufacturing Inc will commence its fourth expansion of production capacity to meet growing tyre demand in the North American market. Toyo’s North American production base for passenger vehicle and light truck tyres has been utilising a…
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Neville partners with Versalis to produce hydrocarbon resin
NEVILLE Chemical Company, through its joint venture company Neville Venture, has signed a strategic partnership agreement for the production of hydrocarbon resins at the Versalis Priolo plant in Sicily, Italy. The parties have also entered into a license agreement related…
NuSil unveils a transparent silicone encapsulant
NuSil Technology, a supplier of silicone materials for the medical implants, aerospace, electronics and engineering markets, has launched the R-2614, a transparent, flowable silicone encapsulant and potting material uniquely designed for easy processing and long-term reliability. The robustness of R-2614…
Problematic Apollo/Cooper deal still on
Indian tyre maker Apollo Tyres has run into problems over its proposed US$2.5 billion acquisition of US tyre maker Cooper Tire. Firstly, in June, prices of the public-listed firm plunged the most in more than two decades in Mumbai trading,…
Carlisle divesting tyre business amidst Chinese competition
CHARLOTTE-based diversified company, Carlisle, is exiting from the business as it faces plunging profit margins versus “price-aggressive” Chinese competitors. The company, founded in 1917, has started selling inner tubes for automobiles and later on expanded into other manufacturing lines, from…
Thai rubber planters protest versus falling prices
RUBBER planters in Thailand have voiced out their resistance against the continued falling prices of rubber, and urge the Government to start buying up rubber at 28% above current market prices. The planters are seeking Government intervention in the market…
Rubber-Cal launches new recycled rubber flooring
US elastomers and wear parts firm Rubber-Cal Inc is introducing another addition to its eco-friendly product range. The rubber flooring product, the “Z-Cycle” , is 100% recycled rubber flooring made from used tyres and tyre crumbs. The Z-Cycle is best-suited…
HF Mixing group melds batch mixing machinery businesses
ALL HF Mixing Group rubber “batch” mixing machinery businesses in North America will be consolidated to HF Rubber Machinery, Inc. (HFRM) for supporting Banbury Equipment, Parts and Services, starting September 3. HFRM will now provide parts, equipment and service support…
Report out on China’s solid tyre market
In 2012, the world’s demand for solid tyres reached 393 million. In terms of the global market, Europe and Southeast Asia are the major places of production of solid tyres.
Auto industry at a crossroad
The industry is nearly halfway through the year of the snake, which at the start of the year is predicted to bring in more positive vibes in many industries and buying activities. While there is no statistics which sectors will flourish and which will bite the tail, the auto industry is yet to gain full momentum from slow demand since the previous years; and till the first half of this year, it still maneouvres through rough ride. The interspersed opportunities tell hope is in sight.