The second largest industrial tyre dealer in the Montreal area has been acquired by Trelleborg, a global engineering company that focused on polymer technology. Through Trelleborg Wheel Systems, an agreement of acquisition is sealed with PNEU ICM Inc, a specialized…
Category: Industry News
NR policies take toll on India’s largest rubber producer
Harrisons Malayalam (HML), India’s largest producer of rubber and other agricultural crops faces profit loss as restrictions on felling old rubber trees and lack of replanting measures continue. A loss of over Rs 100 crores over 13 lakh MT of…
Gevo innovates renewable isoprene for producing rubber
US-based renewable fuels and chemicals manufacturer Gevo Inc has developed a proprietary, breakthrough catalytic process that transforms low-cost commercially available, or even waste by-product, renewable alcohols into renewable isoprene that would be expected to compete head-to-head on price with natural…
Haldor Topsoe to provide technology for Nizhnekams’s isoprene rubber output
Denmark-based catalysis firm Haldor Topsoe has tied up with Russia’s PJSC Nizhnekamskneftekhim for license and engineering services for a new methanol unit with a capacity of 500,000 tonnes/year. Nizhnekamskneftekhim is building its new methanol production plant in Kazan, Tatarstan, in…
Michelin buying majority stake in Indonesia tyre maker; speeds up its entry to SEA
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…
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…