After investigation into “unfairly traded” imports of car and light truck tyres by Vietnamese exporters and producers, the US Department of Commerce (Commerce) has ruled preliminarily that these will be subject to import duties. Commerce is scheduled to announce its…
Category: Industry News
India’s first “Tyre Park” to feature informer colonial state, West Bengal
A unique recycling concept will be realised in the form of a sprawling park in West Bengal, India, which will display art pieces made from waste tyres. West Bengal Transport Corp. (WBTC) Managing Director, Rajanvir Kapur said the Tyre Park…
TBR tyre market expected to chart US$98 bn growth by 2030
Despite restrictions brought about by the COVID-19 pandemic, the truck and bus radial (TBR) tyre market is set for a “largely positive growth,” reaching an approximate valuation of US$98 billion by the end of the 2020-2030 forecast period. Market intelligence…
GRI to supply heavy-duty farm tyres to European OEM
Sri Lankan-based specialty tyre manufacturer Global Rubber Industries (Pvt.) Ltd. (GRI) is to supply agricultural tyres to a well-known Belgian manufacturer of farm machinery, Joskin Col. (Joskin). GRI will be supplying its Green Ex FL700 heavy duty floatation tyre, fitted…
Synthomer to close SBR latex plant in Finland
Chemical conglomerate Synthomer PLC (Synthomer) is set to close down its styrene butadiene rubber (SBR) latex production facility in Oulu, Finland,by the end of the first quarter of 2021. The decision was agreed upon after lengthy consultations with employees at…
Trinseo invests in tyre recycler for sustainable solutions
Materials firm Trinseo has tied up with Switzerland’s Tyre Recycling Solutions (TRS) on a commercial collaboration as well as with an equity investment in TRS. The transaction is expected to close later this quarter, subject to ordinary closing conditions. It did not…
Enviro/Michelin agreement pushed to year-end
Due to the ongoing pandemic, Scandinavian pyrolysis oil firm Enviro Systems and the French tyre manufacturer Michelin assess that a final agreement regarding a strategic partnership is expected to be reached during the fourth quarter 2020 instead of the end of October, which Enviro had previously…
AirBoss acquires defence group from jv partner
AirBoss of America Corp., supplier of custom compounded rubber, survivability solutions and anti-vibration components, has acquired the 45% minority interest in AirBoss Defense Group (ADG) that it does not currently own from Critical Solutions Holdings (CSH). Pursuant to the agreement,…
Showa to expand nitrile glove capacity in US
It is not just in Malaysia that glove makers are expanding. US nitrile glove maker Showa Group, which is the country’s only nitrile glove maker, is doubling production at its Alabama facility. Work on the US$20 million project includes the…
Nynas applies for company reorganisation
Swedish naphthenic base oil manufacturer Nynas AB has filed for company reorganisation at Sweden’s Södertörn District Court. The company says its loans have not been extended by banks and since it cannot pay due debts, it has to apply for…