SAUDI Basic Industries Corp (SABIC) and Exxon Mobil are seeking US$1.2 billion funds from banks for the expansion of their petrochemicals joint project in the Kingdom of Saudi Arabia (KSA), according to sources. Allegedly, Al-Jubail Petrochemcial Co (Kemya) will source…
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Rubber compounder SPC takes over Jevsa
RUBBER compounding specialist SPC Europe Ltd has acquired the assets of the Barcelona-based rubber compounder, IACP JEVSA, S.A (Jevsa). According to SPC, it has been negotiating with the Administrator for some months and finally closed the deal on 25 July…
Michelin’s patents adopt global RFID standard
The company said, it will license free of charge any of its patents that would overlap with the adoption of such standards.
Regupol to expand US facility
REGUPOL America, the inventor of recycled rubber flooring for athletic and commercial surfaces, is expanding its Pennsylvania headquarters. According to the company. its campus at the business park will increase to 26 acres once the new plant is completed in…
China hikes anti-dumping duty on SR import from Japan
ACCORDING to China’s Ministry of Commerce, it is increasing the current anti-dumping levy of 9.9% on imported chloroprene rubber, a type of synthetic rubber, supplied by Japanese firm Denki Kagaku Kogyo Kabushiki Kaisha, after complaints from local rubber makers start…
Mitsubishi announces no car recall in the Philippines
The statement has been noted amidst a recent recall of some 650,000 small cars in Japan. The company furthered that 70 vehicles affected by the recall were sold overseas, including Singapore.
Evonik to augment silica capacity in Thai site
EVONIK Industries is expanding precipitated silica capacity at its Maptaphut site in Thailand. Funded by an investment in the lower double-digit million euro range, the expansion is to be completed in the first quarter of 2014. In addition to its…
Surplus rubber and weak demand take toll on prices
With surpluses reaching 179,000 metric tonnes this year and curving down to 153,000 metric tonnes by next year, based on an earlier forecast by a rubber group, Commerzbank said that shortage is unlikely..
Nigeria needs to tap rubber potentials – officials
EXECUTIVE Director Rubber Research Institute of Nigeria Prof O.I. Eguavoen expressed his hopes for Nigeria as a potential rubber production hub. He stated during a training workshop held in Benin that the joint initiative project of the Rubber Research Institute…
Expert talks about the domination of the Asia Pacific region and innovations of the rubber industry
In an exclusive interview, Rapra asked one of the conference presenters , David Hill of UK-based David Hill & Associates, International Latex Consultancy, to share his insights on the industry.