MOMENTIVE Performance Materials Inc. is embarking into an expansion of two production facilities located in the US and Germany. The company has increased manufacturing capacities of its Texas-based (US) and Leverkusen-based (Germany) production facilities. “We have seen growing demand in…
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Weak tyre production drags NR consumption
IN A REPORT, consumption for natural rubber (NR) fell 1.5% to 165,000 metric tonnes in the April-May period, compared to 167,000 metric tonnes during the same period last year, despite an increase of output to 112,000 metric tonnes or 1.2%…
Michelin in synthetic rubber jv with Petrokimia in Indonesia
FRENCH tyre maker Michelin and Indonesia-based PT Petrokimia Butadiene Indonesia (PBI), a wholly-owned subsidiary of PT Chandra Asri Petrochemical Tbk (CAP), have signed an agreement to create a joint venture company, to produce synthetic rubber in Indonesia. The new company…
Mediobanca to sell off equity in Pirelli?
The Milan-based bank will present a new business plan to focus on its banking business and break with years of meddling in Italy’s top corporate developments.
Cabot to buy rest of equity in Mexican carbon black jv
US-based speciality chemicals firm Cabot Corporation has entered into an agreement with Grupo Kuo S.A.B. de C.V. (KUOB.MX) to purchase the remaining 60% equity of its Mexican carbon black manufacturing joint venture, NHUMO, S.A.de C.V, for US$105 million, of which…
Indian rubber exporters subject to US anti-piracy law
As per the law, “the US buyers/importers are prevented from buying any product manufactured out of pirated versions of software or hardware used anywhere in its systems.
Trelleborg Sealing Solutions unveils uses for LSR at US show
TRELLEBORG Sealing Solutions has exhibited the various applications for Liquid Silicone Rubber (LSR) technology, high volume precision parts and components with very tight tolerances in liquid silicone and multi-component medical device products at a recently stages industry show in the…
Malaysian Rubber Board chairperson reappointed
INCUMBENT Malaysian Rubber Board (MRB) chair, Datuk Wira Ahmad Hamzah has been reappointed to his post, the Plantation Industries and Commodities Ministry announced. It is expected that the reappointment will enable Ahmad to provide continuity MRB’s implementation of strategies and…
Kossan to invest RM100 million for new plants
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…
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.…