French tyre maker Michelin is acquiring a majority stake in Indonesian compatriot PT Multistrada Ara Sarana Tbk, which makes the Achilles and Corsa tyre brands. Michelin plans to take an 80% stake in the company for US$439 million held by…
Category: Industry News
TPC elastomers growing; demand from auto/substitution sectors
The thermoplastic copolyester (TPC) elastomers market is set to witness moderate to high growth in 2019, with demand expected to surpass 180,000 tonnes, with a CAGR of 4.5% between 2019 and 2027. The demand is likely to benefit from broader…
Thai Gov’t unrolls 20-year masterplan for rubber sector
A 20-year roadmap for the rubber sector, spanning 2017 to 2036 has been launched by the Rubber Authority of Thailand, aiming to enhance rubber processing and promotion of domestic consumption. According to Yiam Thawarorit, acting Governor of Rubber Authority of…
Enviro’s oil from end-of-life tyres can be used as fuel, says RISE
Sweden’s Enviro, a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT), has formulated pyrolysis oil that can be used as fuel. That is the conclusion reached by RISE (Research Institute of Sweden)…
Malaysian Rubber Board loses RM800 mn from land sale
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…
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…