Italian tyre maker Pirelli says it has been notified by its largest shareholder China National Chemical Corporation Ltd. (ChemChina) that Sinochem Group Co. and ChemChina are planning for a strategic restructuring. Details of the restructuring plan and its implementation are…
Category: Industry News
Michelin/employees agree on support plan for facility closure
French tyre maker Michelin and its employees at its Roche-sur-Yon, France, truck tyre plant have signed an agreement for an employee support programme. Following 12 weeks of negotiations from October 22, 2019 to January 7, 2020, the CFDT, CFE?CGC and…
Apollo Tyres establishes new sales office in Nepal; ready to chart growth
India’s Apollo Tyres (Apollo) has just set up its first sales office, inclusive of a team of service personnel, in Kathmandu, Nepal. The opening also marks Apollo’s maiden office in the South Asian Association for Regional Cooperation (SAARC) region, outside…
Cambodian ministry claims rubber exports rose by 30% year-on-year
The Cambodian Ministry of Agriculture, Forestry and Fisheries has announced that the Kingdom exported some 282,070 tonnes of rubber in 2019, a 30% increase from 2018’s 217,500 tonnes. The commodity reeled in US$ 377 million in revenue at that point,…
Cooper Tire completes buy of Mexican jv tyre plant
Cooper Tire & Rubber Company has closed on the agreement announced Nov. 1, 2019 to increase ownership in its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA), from 58-100%. Financial terms were not disclosed.…
Malaysian gloves makers ready to meet demand amid nCoV spread; donates gloves to Wuhan
(UPDATED) – The Malaysian Rubber Glove Manufacturers Association (MARGMA), which comprised of Malaysian rubber glove manufacturers and associated suppliers and supporting organisations, assures that the gloves industry is able to meet the requirements for gloves amid the Novel Coronavirus (2019-nCoV)…
Egyptian villagers recycle used tyres to less waste
The small Egyptian village of Mit Al Harun, north of capital Cairo, has gained a reputation as the country’s top rubber recycling hub – its residents have for decades made a living by recycling old tyres into new rubber products…
APBI announces alternate idea for troubled Indonesian rubber farmers
In an attempt to revive rubber demand and boost prices, the Indonesian Tire Producers Association (APBI) has recently asked the government to promote the development of a rubber-based biofuel, to prevent rubber farmers from switching to other crops. Many farmers…
QEW Group strengthens European position with Dutch rubber compounder acquisition
Rubber compound manufacturer QEW Engineered Rubber, based in The Netherlands, has acquired Rubber Compounding Holland (RCH) from the Indian Elgi Rubber Group, after a successful transaction in December 2019 through its subsidiary QEW Specialty Compounding. RCH manufactures advanced rubber compounds…
Synthomer receives EC clearance for Omnova acquisition
UK polymer company Synthomer plc says it has received conditional clearance from the European Commission regarding its proposed acquisition of Omnova Solutions Inc. Synthomer had made an offer to buy Omnova for an enterprise value of US$824 million in a…