Firestone Natural Rubber Company – the biggest employer in Liberia’s private sector – will be laying off 13% of its workforce or around 800 Liberian employees over the second quarter of 2019. Headcount reductions will include retirements, the discontinuation of…
Category: Industry News
ICEX bargain buying on rubber likely to increase
Futures contracts of rubber settled a touch higher on the Indian Commodity Exchange (ICEX) due to bargain buying by market participants following a recent fall in prices and expectations of a rise in demand from domestic tyre makers- the most-active…
Trelleborg acquires Italy’s Provana in new market strategy
Swedish group Trelleborg has – through its Trelleborg Wheel Systems subsidiary -signed agreements and finalised the acquisitions of Provana Solutions and Provana Quality Center. Provana Solutions specialises in the distribution and service of tyres and wheels to tractor dealers and…
Market for ground support equipment tyres on the uptrend
The global ground support equipment tyres market is projected to have been valued at US$395.8 million in 2018 and is projected to generate incremental opportunity worth US$233.3 million between 2018 and 2028, says Persistence Market Research in its latest research…
Huebner to set up rubber profiles/seals factory in the US
Germany-based automotive and industrial parts supplier Huebner Group is building a new factory for the manufacture of elastomer products in the US, after securing a major order to supply the New York City subway with gangway systems last year. The…
Nynas’ first bio-based tyre oil for sustainable tyres
As the market demand for non-mineral oil-based products continues to increase, Swedish chemical/oil maker Nynas is launching Nytex Bio 6200, the company’s first tyre and rubber process oil to be produced using renewable feedstock. ‘’The tyre industry has an ambition…
Consumption/demand of NR up in 2018
In 2018, world production of natural rubber (NR) accounted for 13.960 million tonnes, an increase of 4.6% from 13.350 million tonnes on a year-to-year basis, says the Association of Natural Rubber Producing Countries (ANRPC) in its latest report for December…
Acquisition forms North American distribution platform for industrial, rubber products
Mid-America Fittings (MAF), a manufacturer of customised, high quality, industrial fittings and valves in Kansas has been acquired by Chicago-headquartered middle market private equity investment firm, Wynnchurch Capital. With the takeover, MAF will become part of a growing distribution platform…
Philippine province latches on new technology to boost production
The Philippine province of North Cotabato, the country’s second largest rubber producer after Zamboanga Sibugay, is introducing a new technology to the local farmers to boost yield and ensure early maturity of rubber crops. Under the Serbisyong Totoo Rubber Development…
Indonesia’s APK seeks institutionalised mechanism for NR importation
Indonesian planter’s body, Association of Planters of Kerala (APK) expressed their concern over uncontrolled imports of natural rubber (NR). PK suggested that an institutionalised mechanism must be made to regulate shipments to protect local farmers. APK said that the draft…