US-based Simtec Silicone Parts is investing US$3.5 million and hiring 40 people for its headquarters relocating from Wisconsin to Florida. Simtec makes liquid silicone rubber (LSR) into components used in industries from autos to health care to consumer products. The…
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Pirelli sports bike tyres debut in Australia
The new Angel GT sports touring motorcycle tyres at the Morgan Park Raceway in Australia. The the most recent addition to the Pirelli family boasts a sports pedigree and high performance on dry roads as well as wet for the entire life cycle of the product.
Insufficient demand does not curb rubber glut, says analyst
The increasing global car production triggering rising demand for tyres does not curb the glut caused by farmers expanding output by 18% in three years after prices more than doubled since the end of 2008.
Taiwan’s major tyre firms to upscale output
Stable raw material prices, natural rubber and synthetic rubber costs are expected to remain low this year and manufacturers benefiting from the cost savings.
Momentive Performance Materials expands capacities in US and Germany
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…
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.