Tokyo-headquartered tyre maker Bridgestone Corporation says that it has received a favourable ruling from the Shanghai Intellectual Property Court in its lawsuit regarding the infringement of patent rights against major Chinese tyre manufacturer Fangxing Rubber Co., Ltd. (Fangxing). In September…
Category: Industry News
Sibur going for an IPO worth up to US$3 bn
Russian petrochemical company Sibur is preparing for an initial public offering (IPO) potentially worth between US$2 billion and US$3 billion, said a Reuters report, adding that it may happen by the end of the year. Sibur, the largest petrochemical producer…
Continental to go ahead with changes; Powertrain to be spun off in part-IPO
Having announced one of the largest organisational changes in the company’s history earlier this month, https://rubberjournalasia.com/continental-to-realign-structure-spin-off-powertrain-and-possible-ipo-of-rubber-unit/, the Supervisory Board of automotive parts/tyres maker Continental has given the go ahead. With this approval, a new holding structure of Hanover-headquartered Continental will…
Goodyear to study silica in space; to improve traction for tyres
Using space beyond Earth as the new frontier for development, US tyre company Goodyear Tire & Rubber Company plans to test tyre components in space as part of a project in the International Space Station (ISS) US National Laboratory, through…
Omsk Carbon to start up Belarus plant
Russian carbon black producer Omsk Carbon Group (OCG) is planning to start the first phase of its carbon black production plant in Mogilev, Belarus, this year in September. The EUR95 million plant is being launched two years late as a…
TARRC celebrates its 80th anniversary in the UK
The Tun Abdul Razak Research Centre (TARRC), the UK research and promotion centre of the Malaysian Rubber Board, recently held a ‘Gateway to the Malaysian Rubber Industry Open Day’ to celebrate its 80th Anniversary at its laboratories at Brickendonbury, Hertford.…
Malaysian rubber glove makers may benefit from US-China trade war
Malaysian research firm Affin Hwang Research says the country’s rubber glove manufacturers could benefit from the trade spat between the US and China, since tariffs are being imposed on rubber/plastic gloves from China. The research house notes that the gloves…
Lehigh opens first plant outside US in Europe
Lehigh Technologies, a specialty chemicals company that produces sustainable raw materials from end-of-life tyres and post-industrial rubber, says that production has started at its new Murillo el Fruto Micronized Rubber Powder (MRP) plant in Navarra, Spain. The plant is the first…
US/China trade war escalates to tariffs on Chinese tyres/rubber products
In the on-going trade “war” between China and the US, the Office of the US Trade Representative has stated that almost all tyres imported from China, as well as quite a few rubber products, polymers and other raw materials important…
Continental to realign structure: spin off powertrain and possible IPO of rubber unit
German company Continental, which makes automotive parts and tyres, has decided to undertake what it says is one of the largest organisational realignments in the company’s history, to spin off its powertrain unit, by breaking up the company into three…