BANGKOK – Asian physical rubber prices were little changed on Monday; a drop in Tokyo rubber futures weighed on the market but supply from major producing countries remains limited, which provided support, dealers said. Prices of Physical Rubber Compared to…
Category: Briefs
news briefs from PRA
Wacker extends silicones supply
MUNICH-based chemicals group Wacker has tied up with Spanish silicones compounder Siliconas Silam to sell ready-to-use products made from Wacker silicone rubber base under its own label. Customers include the automotive, construction, cable and household goods industries. Siliconas Silam has…
Higher sales for Hankook
SOUTH Korean Hankook Tire had record global sales of KRW6.484 trillion and operating profit of KRW566.3 billion for fiscal year 2011. Hankook Tire continued to record double-digit growth surpassing its annual target set in the beginning of 2011 to finish…
Cooper buys tyre facility in Serbia
US-based Cooper Tire & Rubber is acquiring the assets of a tyre making facility in Krusevac, Serbia. Cooper CEO Roy Armes stated that the company elected to invest in Serbia not only because of its significant economic potential, but also…
Malaysian company buys stake in Indonesian rubber planter
MALAYSIA-based Sime Darby Berhad will acquire 3,800 ordinary shares of Indonesian Rupiah 1,000,000 each in PT Indo Sukses Lestari Makmur from SLT Capital (3,500 shares) and PT Entete Mining (300 shares) representing 95% of the total issued and paid-up shares…
Thai rubber agencies to merge
THE three rubber-related state organisations in Thailand, Rubber Research Institute of Thailand, the Office of the Rubber Replanting Aid Fund and the Rubber Estate Organisation, will be merged into one agency to boost the performance of the rubber industry. The…
Carlisle sells PDT rubber unit
US company Carlisle has completed the sale of its non-roofing and waterproofing unit of its German company, PDT Phoenix, to Switzerland-based Datwyler Group. The business unit makes elastomer profiles for use in applications for tunnels, rail, windows and facades. (PRA)
Conti in Mexico
CONTINENTAL Tire is planning a multimillion dollar investment in the ContiLifeCycle tread rubber plant in Central Mexico to double plant space to more than 4,000 sq m and include the addition of extra curing and finishing lines. Continental will now…
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%…
Dunlop adds on belts in Europe
DUNLOP Conveyor Belting will invest up to EUR6.4 million in the Netherlands and elsewhere. Costing EUR2.5 million, the first phase will add a new press at the Drachten site to produce rolls of up to 4 m diameter (20 tonnes)…