Indian firm Aditya Birla Nuvo has decided to sell its carbon black business to a group company, SKI Carbon Black (India), for about US$26 million as part of its plan to exit the business in the near future. An option…
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KKR to acquire Indian Alliance Tire
American private equity company KohlbergKravis Roberts (KKR) is set to purchase a 90% stake in specialised tyre maker Alliance Tire Group from rival private equity fund Warburg Pincus and owner Yogesh Kumar Mahansaria for US$650 million, including a debt of…
Kultevat and KeyGene work on dandelion rubber
US-based biotech company Kultevat and KeyGene, a biotech company from the Netherlands, have entered into collaboration for production of rubber based on the Russian dandelion. This plant has demonstrated potential as a domesticated crop for the US and Europe; the…
Flurosilicone approved for aerospace use
US firm Simrit’s F273 fuel resistant fluorosilicone material has been approved for the aerospace Qualified Product List (QPL). Simrit is the first and currently the only company approved by the Society of Aerospace Engineers and the Performance Review Institute (PRI)…
Avian flu spurs glove sales
THE emergence of the bird flu virus strain, H7N9 in China has surged demand for examination gloves, benefiting the global rubber gloves industry, report said.
Myanmar rubber export earnings slid by US$80 million
MYANMAR’s rubber exports earning swung low by US$80 million, despite an increase in rubber exported this year compared to the previous year, due to the low global rubber price at US$400 per tonne. In a statement by the Myanmar Rubber…
Liberian rubber processors advised to manufacture finished goods
LIBERIAN President Ellen Johnson Sirleaf resounded a challenge to rubber processing companies operating in the country: Shift their focus by considering investing in manufacturing finished products. Sirleaf contended that the country’s export of natural processed rubber may have to be…
Former Plymouth Rubber site up for US$7 million clean up
THE former site of US rubber products manufacturer, Plymouth Rubber will be undergoing a remediation clean up to facilitate the development of housing units. The cleanup of the 40-acre contaminated plant site has been appraised to cost US$7 million, or…
Malaysian glove makers bid for reconsideration on junked RA extension
RUBBER glove makers in Malaysia continue to hope for a reconsideration to extend the the 15-year period reinvestment allowance (RA) to a further 15 years, despite the Government rejecting the proposal earlier. The Malaysian Rubber Glove Manufacturers Association (Margma) affirmed…
Indonesia to propose review of rubber supply management deal
The world’s second-biggest rubber producer, will be spearheading a review proposal of the supply management deal ,which is seemingly a poorly supervised mechanism, according to the Indonesian Rubber Association.