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…
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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…
University develops new bleaching agent for rubber industry
A NEW product has been developed from basic raw materials by undergraduate students from the University of Peradeniya in Sri Lanka. The students developed a latex bleaching product for sole crepe and crepe manufacturing in the rubber industry from the…
Malaysian State smallholders to benefit from rubber board’s measures
THE SABAH Rubber Industry Board will be increasing the rubber hectarage of smallholders from the current 94,000 hectares to 130,000 hectares by 2020. Agriculture and Food Industry Minister Datuk Yahya Hussin also said in a statement that the board will…