The Malaysian Rubber Board (MRB) is reported to have incurred losses estimated at RM800 million, following a land sale in Sungai Buloh. This was recently disclosed by Primary Industries Minister Teresa Kok Suh Sim, according to Bernama. She said the…
Category: Industry News
Vietnam rubber export’s wins and losses in 2018
According to reports, quoting the Vietnam Rubber Association, Vietnam has shipped an estimated 1.6 million tonnes of rubber or over US$2 billion in 2018, up 14.5% in volume but down 6.1% year-on-year in value. In December, the country exported 190,000…
Marangoni Tread North America to expand plant in Tennessee
Marangoni Tread North America, a full-service retread products supplier, is expanding its tread manufacturing plant in Tennessee, US to boost manufacturing capacity for current products, as well as that of a new line targeted for the second quarter of 2019.…
Continental unveils new dandelion natural rubber factory in Germany
Continental has just opened a research laboratory in Anklam, Germany, for their new innovative dandelion-plant based natural rubber. The company is the first in the world heavily invest in industrialising dandelion rubber. The new research laboratory, covering an area of…
Wynnchurch Capital acquires Buchanan Rubber as part of growing distribution platform
Chicago-based middle-market private equity investment firm Wynnchurch Capital has completed the acquisition of Buchanan Rubber Ltd, a Canadian leading distributor of industrial hoses, couplings, and sheet rubber. Buchanan will be part of a growing distribution platform that includes Anderson Metals,…
SEA rubber producers to gather and discuss falling prices
Rubber producers from Thailand, Malaysia, and Indonesia will meet on the December 16 to discuss ways to improve current prices, including potentially curbing exports. Representatives from the three countries which comprise the International Tripartite Rubber Council (ITRC) will meet in…
Nokian heavy tyres plans new R&D facility in Finland
In 2019, Nokian Heavy Tyres will build a new research and development centre in Nokia, Finland. The modern R&D centre accelerates the testing phase of new tyre models, maintaining the premium quality that Nokian Tyres has been known for 120…
Trelleborg expands tyre production of two-wheeled vehicles to India
Through the Trelleborg Wheel Systems business area, the company has decided to invest in a production facility in India for the manufacture of tyres for two-wheeled motor vehicles. The investment is aligned with Trelleborg’s aim to strengthen its positions in…
Latexco expands its Georgia plant to accommodate increasing production
Latexco’s ‘House of Comfort’ recently completed a major expansion that positions the company for more growth in the foam market. Latexco US added a 75,000 sqf facility to its 100,000 sqfplant and headquarters in Lavonia, Georgia, a move that will…
Marangoni and Vipal form a partnership to advance organisation
Marangoni Spa and Borrachas Vipal SA are planning a partnership agreement that will boost synergies and productivity of both groups. Following through, will create the largest global independent player in the tyre retreading sector. The project will develop in 2019…