Lanxess says that additional measures are planned in the Performance Chemicals segment and it will reduce its capital expenditure budget as well.
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Kenda produces prototype tyre from new plant in China
KENDA Rubber Industrial Co. Ltd. has produced its first prototype tyre from its new factory in Tainjin, China. The company’s second automotive factory within the last five years, will be producing tyres for the European, African and Asian markets. Kenda’s…
Bridgestone posts 9% increase in sales for Q1 2013
Bridgestone Corporation has reported net sales of 794.5 billion yen in the first fiscal quarter of 2013, an increase of 9% from the first fiscal quarter of 2012 . Operating income also increased 18% from 74.4 billion yen, Ordinary income…
Indian state to promote rubber farming in tribal districts
THE GOVERNMENT of Odisha, an Indian state in southeast coast, has set up programmes to promote the cultivation of rubber and coffee as an income generating activity amongst tribes. The programme, which will encompass 85,000 acres of land in the…
EU court junks Eni’s appeal on rubber cartel fines
Eni SpA (ENI) and its subsidiary Polimeri Europa, now Versalis S.p.A, have appealed to the court to cut the EUR181.5 million fine for conniving with other companies to fix prices of synthetic rubber. In 2011, a lower court reduced Eni’s EUR272.2 million to EUR181.5 million.
Toyo Tires completes US$260 million plant in Malaysia
TOYO Tire & Rubber Co. Ltd. has completed its US$260 million passenger and light truck tyre plant in Malaysia, with production expected to hit or exceed 200,000 tyres a month before the end of the year. A ceremony hosted by…
China’s SR capacity reaches close to 4 million tonnes in 2012
Of the 23 SR producing companies, major players Sinopec and China National Petroleum Corp account for 59.5% of the country’s SR capacity.
Styron to downscale SB latex capacity in Europe
Due to declining demand in the European paper-coating market and current market conditions, the company sees the reduction vital to regain a healthy supply/demand balance.
Apollo Tyres opens operations hub in Thailand
APOLLO Tyres has set up its second exports hub in Thailand to cater to the ASEAN region, which contributes 40% to the company’s overseas income, doubling in the last three years, according to the firm. Recently, the Indian tyre maker…
Demand for nitrile rubber gloves to surge
Kenanga Research says that demand for rubber gloves, with incline towards the nitrile-based ones, will be pegged at an annual average of 10%.