LAST March, demand for new cars in the European Union was negative for the sixth consecutive month, with a decline of 7% compared to March 2011 – a lower decrease than the 9.7% seen in February. Data from ACEA, European…
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Pirelli names best suppliers of 2011
THE Pirelli Suppliers Awards gave honour to its best suppliers for 2011. Chairman and CEO Marco Tronchetti Provera, along with chief purchasing officer Carlo Costa, presided at the ceremony held at the company’s Milan headquarters. The award winners were: PT.…
Engel doubles up capacity in Shanghai
AFTER realising huge sales from Asia, Engel Austria will continue this growth by doubling the capacity of its large-scale machine works in Shanghai. Engel has invested EUR 12 million in the extension of the Shanghai plant. The injection moulding machine…
Kaiping and Second invest on new tyre cord weave plant
Kaiping High-Performance Rubbers and Second Co. Ltd held the opening ceremony of its new facility in Guangdong Kaiping Green Lake New District. The plant, worth US$50 million, covers an area of 497,763 square metres and will be producing 600 tonnes…
Samsung invest on chlorinated PE project
Samsung Chemical announced that it has invested about US$13.3 million for a new plant that will help increase its annual output of chlorinated PE to 60,000 tonnes. The company’s current output is 30,000 tonnes. The expansion project will be done…
Hartalega to triple glove capacity
Post Hartalega Holdings will triple its current annual capacity of rubber gloves to 29.1 billion pieces. The project is expected to begin in 2013 and will be completed by 2021 at an estimated cost of US$490 million and will consist…
Cancarb opens new warehouse in Singapore
CANCARB, a producer of N990 thermal carbon black, opened its new Singapore-based warehouse. Seeing Asia-Pacific as a very important growth region, the company’s new warehouse in Singapore will help provide their customers with a greater level of supply security. Furthermore,…
Yokohama to build plant in India
Yokohama Rubber will construct a new plant in the state of Haryana adjacent to Delhi, India. The plant is scheduled to operate in mid-2014 with an annual production capacity of 700,000 tyres for passenger vehicles. Construction of the new plant…
BASF India to set up new chemical production site
BASF India will build a new chemical production site at the Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), located on the west coast of India in Gujarat. The investment is estimated at EUR150 million. To be an integrated hub…
Producers go skeptical with low SBR prices
STYRENE- butadiene rubber (SBR) may continue to decline slowly, based on reports from China. This price fall is caused by falling butadiene (BD) prices. The latest BD price is about US$3,889 to US$3,968 per tonne. Local BD rubber producers, however,…