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,…
Category: Industry News
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…
Increased medical demand a boon for General Silicones
Unlike most companies, Taiwanese specialist silicone products manufacturer General Silicones Co., Ltd. seems to be thriving even during the coronavirus pandemic. The company is said to have experienced an “unprecedented” 65% increase in global demand for its medical-grade products in…
IRSG adds Hong Kong member, China to impose antidumping duties
The International Rubber Study Group (IRSG) has a new member in Hong Kong-based Caravel Group Ltd. – Caravel Group has three primary operating units, Caravel Asset Management, Caravel Maritime and Caravel Resources, that provide “leading maritime services, trading and logistics…
Arlanxeo to shut down Nd-PBR plant in Singapore
One of the world’s largest producers of synthetic rubber and a wholly-owned subsidiary of Saudi Aramco, Arlanxeo is said to be closing its 140,000-tonne/year neodymium-based performance butadiene rubber (Nd-PBR) plant in Jurong Island, Singapore. In a statement to its customers, Arlanxeo says this is in…
MOL expands production with Hungarian rubber bitumen plant
Oil and gas corporation, MOL Group, has invested in a new, US$10 million rubber bitumen plant at its Zalaegerszeg site in western Hungary. The plant has an annual capacity for 20,000 tonnes of rubber bitumen – the raw material for…
Yokohama consolidates OHT businesses under new global entity
Japan-based Yokohama Rubber Co. Ltd. (Yokohama) will consolidate its various off-highway businesses into one single entity under its Grand Design 2020 (GD2020) medium-term management plan. This new entity, named Yokohama Off-Highway Tires (OHT), will merge the Alliance Tire Group (ATG),…
JK Tyre under probe for 2018 bid-rigging case
JK Tyre and Industries Ltd. (JK Tyre) is under probe after the northern state government of Haryana accused the tyre manufacturer of being involved in fraudulent actions which resulted in a non-competitive bid back in 2018. The Competition Commission of…
Goodyear looks at soybean oil for better, more sustainable tyre manufacture
The Goodyear Tire & Rubber company (Goodyear) has banked on soybean oil to replace petroleum-based oils in many of its premium tyre brands over the last couple of years. The environmentally-friendly vegetable byproduct has been able to meet the same…