Brazil will levy a five-year anti-dumping duty on Chinese tyres, according to the Ministry of Commerce. The duty will be levied according to the weight of the tyres and ranges from US$1.08 to US$2.17/kg. The China Rubber Industry Association said…
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India to source condoms from private sector
Hit by a shortage of condoms in the public health services, India’s health ministry wants to procure condoms and other contraceptives from private manufacturers as the sole provider in the public sector, Hindustan Latex, has not been able to meet…
Bridgestone to make conveyor belts in Thailand
Japanese tyre maker Bridgestone will begin production of conveyor belts at its existing plant in Rayong, Thailand. Total investment of the project will be approximately 3 billion yen and production is scheduled to begin in the first half of 2015.…
Cooper standard takes over Jyco Sealing Technologies
COOPER Standard has acquired the automotive sealing business of Michigan-based Jyco Sealing Technologies. The acquisition took effect on July 31. The business acquired in the transaction is operated from Jyco’s manufacturing locations in Canada, Mexico and China. Terms of the…
Rubber shortage, price hike in India due to rains
RUBBER production in India has been affected by heavy rain. For the previous two months, affected areas are mostly in Kerala, and in the high ranges of the State. Local prices for rubber have shot up, irrespective of the world…
Malaysian glove makers continue to gain investor interest
The profit growth had been driven by several factors such as a weakened ringgit versus the US dollar and lower raw material prices.
Yokohama Rubber to produce auto aircon hoses in Mexico
YOKOHAMA Rubber Co, Ltd, has announced that its US subsidiary YH America, Inc (YHAI), will start production of automotive air conditioning hoses in Mexico. YHAI, which engages in the assembly and sale of automotive air conditioning and power steering hoses,…
Halcyon releases first sustainability report
The Report outlines the measures that the Catalist-listed company has taken in conserving the environment, engaging stakeholders from upstream suppliers to end customers ,and implementing best practices that comply with certified standards.
Cooper 2Q profit drops; confident with Apollo merger
COOPER Tire & Rubber has posted a 31% drop in the second quarter. It said, its sales declined while costs increased. Citing its company report, net sales were US$884 million, a decrease of US$174 million compared with the same period…
Indian firm grows rubber in Saudi
INDIA-based firm, Cheerakuzhy Rubber Nursery, is setting up a 100-acre rubber plantation at Al Gahma in the Red Sea coast of Saudi Arabia, which has moderate climate and farms. Yasser Ghazi Maleh Al Shammari, a Saudi farmer, attempts at growing…