The Asahi Kasei Corporation (Asahi Kasei) has begun operations from Asahi Kasei Asia Pacific (AKAP), its newly-formed ASEAN regional headquarters, as of August 2019. The Japanese chemical giant currently has 16 entities across five ASEAN countries – including Singapore and…
South Korean tyre manufacturer Nexen Tire (Nexen) is making headway into the European market with the official opening of its new plant in Zatec, Czech Republic, come August 28, 2019. The ceremony will commemorate the next stage of Nexen’s global…
Singapore-headquartered International Rubber Study Group (IRSG) and the Global Platform for Sustainable Natural Rubber (GPSNR) have signed a memorandum of understanding (MoU) with the aim of consolidating, developing and detailing the cooperation between the two organisations. It will also contribute…
With the approaching fifth anniversary of the merger of quality assurance system supplier BST and eltromat, Germany-based BST eltromat International is set to expand its facilities. The company has acquired a 22,000 sq m plot of land in Bielefeld-Altenhagen, Germany,…
Specialty tyre manufacturer GRI is to open a new mixing plant in the Mirigama Export Processing Zone (MEPZ), Sri Lanka, to support its future expansion and simultaneously enhance the nation’s exports. GRI’s Managing Director, Prabhash Subasinghe, said that the new…
Rubber’s diverse application, ranging from automotive parts and tyres to rubber gloves and chewing gum makes it an indispensable material in modern society. Demand for the two main rubber types, latex -derived natural rubber and chemicals-synthesised synthetic rubber are driving…
French tyre-maker Michelin’s profitability suffered in early 2019 despite its first-half revenue and operating earnings – net income fell 8% to US$940 million; operating margin fell to 12.2% from 12.5%; and sales of the car/light-truck tyres fell by 7.9%, further…
Tyre manufacturer Continental has reached its 15 millionth ContiSeal passenger tyre production in Lousado, Portugal – specifically a 255/45-R19 ContiSportContact-5 SUV tyre designed for a Volkswagen. The milestone comes after the corporation’s investment efforts in June 2019. ContiSeal tyres have…
India’s largest manufacturer and exporter of carbon black (CB), Phillips Carbon Black (PCBL), has launched their new Sushila Goenka Research and Development Centre in Palej, Gujarat, to facilitate the development of new products required by the tyre and other industries…
Poor demand is expected to push Sweden’s Trelleborg Group to terminate up to 700 permanent/temporary contracts, mainly concerning employees at Trelleborg Wheel Systems (TWS) and Trelleborg Industrial Solutions. A majority of their workforce is to leave by 2020, after a…