Following a three-year factory expansion project worth USD$133 million, Sumitomo Rubber Industries (SRI) has started production of commercial truck and bus tyres in Fazenda, Brazil; the installation of new production equipment will augment the production capacity from 500 to 1,000…
Category: Industry News
Tyre materials market to grow by USD$100 bn by 2028
The global tyre materials market has been envisaged by Future Market Insights (FMI) to approach the valuation of USD$100 billion by 2028, after an analysis that offers decisive insights pertaining to the related market and extensive information through organized market…
GPSNR forms executive committee to boost value of natural rubber
Natural rubber stakeholders convened in Singapore on March 21, 2019 for the inaugural General Assembly of the Global Platform for Sustainable Natural Rubber (GPSNR) – an independent platform that will lead improvements in the socio-economic and environmental performance of the…
Kraton to construct TPE latex unit in Brazil
Kraton Corporation, formerly Kraton Performance Polymers, has approved of the construction of a semi works latex unit in Paulinia, Brazil, which is scheduled to complete by early 2020 and ready for commissioning by the second quarter of 2020. Kraton is…
Firestone’s Liberian plant laying off 800 workers
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…
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…