Exports of 1.5 tonnes of rubber between January and November 2019 have earned Vietnam a whopping US$2.02 billion; about 200,000 tonnes of rubber was exported in November alone, which brought in some US$260 million. According to Vietnam’s Ministry of Agriculture…
Category: Industry News
Halcyon Agri launches Bounce rubber movement to shape a sustainable industry
Natural rubber (NR) corporation Halcyon Agri has recently launched the world’s first sustainable rubber movement, Bounce, which is aimed at driving consumer change for an equitable NR industry. NR is a widely-consumed, vital component of various industries including the transport…
China sets new guidelines to promote tyre recycling among public
The Chinese industry ministry is to step up efforts on the re-use/recycling of its waste rubber tyres to curb pollution and ensure “comprehensive utilisation” of resources. China has a mounting waste problem – transport ministry data figures at least 340…
Malaysia investment banker expects stronger rubber glove earnings in 2020
Malaysia’s Affin Hwang Capital Research (Affin Hwang) thinks the acknowledgement of high production costs and labour issues will boost performance in the rubber glove sector throughout 2020 – the group expects glove makers to benefit significantly from stronger US demand…
Metso Corp. to shut down rubber parts plant; restructure manufacturing operations in Sweden
Finnish manufacturer Metso will be discontinuing its rubber parts manufacturing operations in Ersmark, Sweden, in order to review its manufacturing capabilities in the European, Middle East and African (EMEA) region. The Ersmark plant produces rubber and mill lining wear parts for…
Evonik and Wynca break ground on a new fumed silica plant in Zhenjiang
The joint venture between German chemicals firm Evonik and the Chinese company Wynca – Evonik Wynca (Zhenjiang) Silicon Material Co., Ltd. has officially started the construction on a new fumed silica plant in Zhenjiang, Jiangsu Province, China. Scheduled to become…
Nynas applies for company reorganisation
Swedish chemical firm Nynas AB has filed for company reorganisation at Södertörn’s District Court. Nynas loans have not been extended by the banks. Thus, Nynas cannot pay due debts forcing the company to apply for a reorganisation of the company.…
Malaysia’s FGV cooperates with Behn Meyer for silica/ENR products
FGV Rubber Industries Sdn Bhd, a major manufacturer of industrial rubber products and the producer of epoxidised natural rubber (ENR) Ekoprena in Malaysia, and Behn Meyer Europe GmbH, a major distributor of chemicals and resins to the rubber industry, have…
ITRC suggests another AETS to stabilise rubber prices
Thailand, Indonesia and Malaysia, the rubber-producing countries which make up the International Tripartite Rubber Council (ITRC), could soon be implementing another round of the Agreed Export Tonnage Scheme (AETS) to steady market price of natural rubber (NR) and address unforeseen…
Pakistani/Chinese jv to set up tyre plant in Pakistan
Pakistan’s Service Industries Ltd. and China’s Chaoyang Long March Tyre Co. Ltd. have set up a joint venture in Pakistan for the construction of a radial truck/bus tyre plant. Service Industries has a 51% stake in the joint venture. Located…