Yokohama Rubber has signed onto the United Nations Global Compact, an initiative encouraging companies to conduct their business activities with sustainability and responsibility. Yokohama said it embraces and will support and observe the global compact’s 10 principles of corporate social…
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Walki opens Russian plant
Walki Group, which makes technical laminates including facings for rigid foam, has opened a plant in Svetogorsk, Russia. According to the company, the new plant is located at the ZAO International Paper pulp and paper mill, cementing further the group’s…
Conti submits retreads for SmartWay verification
Continental Tire the Americas L.L.C. has submitted its HDL Eco Plus ContiTread drive and trailer retread tire products to the U.S. Environmental Protection Agency’s SmartWay Transport Partnership for certification as low-rolling-resistance technologies, the tire maker said. Conti said it submitted…
Nexen reopens JV talk with Michelin
In a brief stock exchange filing, Nexen Tire Corp. has said it has re-opened discussions with Michelin in respect of a possible joint venture and expects those discussions to continue. The June 8 filing on the Korean Stock Exchange in…
Philippine rubber farmers seek probe on falling prices
Owners of rubber farms in North Cotabato, Philippines urged the Department of Agriculture to look into the continuing decline of prices of their products. Datu Boy Imba, a senior official of the Free Rubber Tappers’ Association in the province, said…
Car sales in China up 22.6% YoY
Car sales in China rose 22.6% in May from a year earlier, extending the double-digit gain made in the previous month, as new models premiered at April’s Beijing Autoshow started to hit the showrooms. In May a total of 1.28…
Rubber falls on excess supply, tepid demand
Natural rubber prices crashed last week on concerns of excess supply and lower demand. While a drop in global prices has made imports attractive despite rupee depreciation, tyre companies are worried over the sluggish demand in the automobile sector. INDIA –…
Goodyear took full ownership of Nippon Giant Tire
Goodyear Tire & Rubber bought the majority stake in Nippon Giant Tire back in 1985, for an undisclosed sum. Now the company has acquired 100% ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan. Goodyear has purchased the…
Ford finetunes 5-year business outlook
The company is in the process of preparing a new plan that keeps track on the much less favourable external environment as well as new realities
Lanxess celebrates 40 years of production of EPDM rubber in Marl
The Lanxess Buna GmbH ethylene-propylene facility, constructed in 1972, today covers an area of 4,500 square metres at the Marl Chemical Park