Flexan, a leading global medical device manufacturer of custom, high-precision silicone, rubber, and thermoplastic components has acquired IntroMed, a contract manufacturer of patent protected sheath introducers for use in catheter placements. The acquisition of IntroMed, a Utah-based company that provides…
Category: Industry News
Marangoni ties up with Directa Plus for graphene compounds for tyres
Machinery company Marangoni has entered into a strategic collaboration agreement with Directa Plus plc, a producer and supplier of graphene-based products for use in consumer and industrial markets. The companies will work together to develop a bespoke version of the…
BKT partners with Kultevat for dandelion compounding and tyre technologies
Balkrishna Industries Limited (BKT), an Off-Highway tyre manufacturer headquartered in India, has entered into a joint research agreement with Kultevat, Inc., a US biotechnology company that specialises in the cultivation and processing of TKS Dandelion as a renewable and sustainable…
Wacker opens new site for silicones in South Korea
German chemicals company Wacker Chemie has opened a new production site for silicone elastomers in South Korea. The plant is located around 100 km southeast of Seoul at Jincheon, where the group has already been producing silicone sealants since 2010…
The tyre material market projected to reach US$91.23 billion by 2022
The global market size for tyre material was US$73.93 billion in 2017 and is projected to reach US$91.23 billion by 2022, at a CAGR of 4.3% between 2017 and 2022. The increasing sales of vehicles and demand for low rolling resistance tyres are the…
Green tyre market projected to worth US$104.23 billion by 2022
The green tyre market is expected to reach US$104.23 Billion by 2022. The green tyres market is estimated to be US$62.68 Billion in 2017 and is projected to reach US$104.23 Billion by 2022, at a CAGR of 10.7% from 2017 to 2022. This growth can be…
Bridgestone unveils the Potenza RE980AS, its ultra-high performance tyre
Bridgestone has introduced its newest offering in its ultra-high performance tyre line, the Potenza RE980AS tyre. Engineered for luxury and performance vehicles, the Potenza RE980AS tyre combines all season performance with a crisp ride and curve-hugging grip in wet and dry…
GRI: Innovation, a must for Sri Lanka’s rubber sector to sustain demand in global market
Sri Lanka, the world’s eighth largest natural rubber producing country and is currently the seventh largest rubber exporter, according to Sri Lanka Export Development Board (EDB), has been known for its high quality rubber products. Its rubber sector, which accounts…
Audi to double China production in five years
German luxury car manufacturer Audi AG recently announced that it targets to double its China production with local partner FAW within five years. Speaking at the Beijing auto show, Audi head Rupert Stadler said the firm would look to offer…
India’s rubber processing chemicals market grow at a CAGR of 7.5% by 2023
India’s rubber processing chemicals market is projected to grow at a CAGR of 7.5% by 2023 in India thanks to the growing tyre manufacturing base in the country. Strong growth in the country’s industrial and automotive sectors, coupled with declining raw…