US-based recycling technology company Polyflow has obtained patents from the US and Australia for its proprietary pyrolysis process that converts mixed and contaminated plastic and rubber waste into transportation fuels and chemical intermediates. The Akron-based company is designing a full-scale…
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Higher sales for Yokohama from tyre business
JAPANESE rubber supplier Yokohama Rubber increased its net sales by 8.4% to 258.2 billion yen in the first six months, due to a surge in tyre business, led by strong sales in Japan’s replacement market. Its operating income declined 8.3%…
Momentive expands to South Korea
SILICONES supplier Momentive Performance Materials has expanded its marketing and technology operations in Seoul, South Korea, with a new application development centre at the Gasan Digital Complex to meet growing demand for speciality silicone products in the country. The new…
Bridgestone pumps up investments globally
THE world’s largest tyre maker Bridgestone is putting in more investments in Japan, the US and Vietnam. At its home base in Hofu, Japan, it will invest 4.7 billion yen to increase capacity of small and medium-sized off-the-road radial (ORR)…
Computer simulation for elastomers
TWO US companies Endurica, producer of simulation system technology, and analysis software provider Safe Technology have partnered to produce fe-safe/Rubber, a solution for computer simulation of fatigue failure in elastomers. This allows analysts responsible for the durability of elastomeric products…
Turnkey car tyre recycling set-up
TWO market leaders have come together to provide a new concept for tyre recycling.Germany-based size reduction machinery supplier Pallmann has tied up with Spanish tyre recycler GMN to develop plants for shredding and reprocessing vehicle tyres. Pallmann has been supplying…
Apollo sees whopping growth
INDIAN tyre maker Apollo Tyres’s consolidated revenues in the second quarter grew by a whopping 47% at Rs28.7 billion and for the first half of the year by 51% at Rs 56.9 billion. A large part of the growth in…
Michelin to sell shareholding in Hankook
FRENCH tyre maker Michelin plans to sell up to 15 million shares it owns of Hankook Tire, representing approximately 9.98% of the share capital of this company, via an institutional private placement by way of an accelerated book building. Michelin…
Michelin reports higher sales
FRENCH tyre maker Michelin says its net sales totaled EUR15,246 million in the first nine months of 2011, up 17.3% over the year-earlier period. The company also reported a 9.3% increase in sales volumes, reflecting the group’s good performance in…
Reduction of tariffs for Korean tyres into US
THE US-based Tire Industry Association (TIA) reports recently signed Korean-United States Free Trade Agreement will reduce the tariff on the importing of Korean manufactured car and truck radial tyres from 4% (3.4% for non-radial) through a series of graduated step-downs…