Berkely Country will see the opening of a US$20 million manufacturing plant.The plant is expected to start producing a compound that’s vital to South Carolina’s fast-growing tyre industry. The Upstate-based owner of the Charleston International Manufacturing Center announced Wednesday that…
Category: Industry News
Semperit introduces sustainable restructuring and transformation, expected pass of dividend
Based on the results of the ongoing analysis and transformation process which have been obtained so far as well as discussion of the outcome with the Supervisory Board, the Management Board of Semperit AG Holding emphatically introduces a phase of…
After full-year profit jump, Pirelli expects stable 2018 growth
After seeing a full-year profit rise, Italian tyre company Pirelli is expecting adjusted operating profit of at least 8 % this year, maintaining stable growth through its focus on high-margin premium tyres. The company reported a 9.7 % rise in…
New factory will support company’s growth – Kossan Rubber Industries Berhad
Glovemaker Kossan Rubber Industries Bhd said that its new factory – known as Plant 16 – will underpin the company’s growth this year. The factory in Jalan Meru will add three billion pieces of gloves a year to its production, boosting…
Butadiene rubber market to reach US$8.2 billion by 2026 end: FMI study
The demand for synthetic rubbers continues to witness an upsurge as companies fail to find competent natural substitutes. In the view of changing industrial applications, styrene butadiene rubber has emerged as one of the greatest synthetic rubbers used in the…
Cooper Standard reports record 2017 results
Cooper-Standard Holdings Inc. has reported its results for the fourth quarter and full year 2017. Fourth Quarter 2017 Highlights Sales increased 7.1 % to a record US$937.9 million Net income totalled US$28.5 million or US$1.53 per fully diluted share Adjusted net income totalled US$63.6 million or US$3.42 per fully…
Bridgestone launches winter tyre for heavy-duty pickup trucks and SUVs
Bridgestone Americas, Inc. (Bridgestone) has announced the expansion of its premium winter tyre line with the release of the Bridgestone Blizzak LT tyre for heavy-duty pickup trucks and SUVs. The new Blizzak LT tyre is engineered to provide hardworking drivers improved…
Global rubber market 2017-2021: Growing demand for rubber in APAC is driving the market
The global rubber market is expected to grow at a CAGR of 4.66% during the period 2017-2021. The latest trend gaining momentum in the market is bio-based tyres helping market growth. The tyres used in automotive vehicles are going to…
Continental plans new Hungarian plant in Debrecen; commits with GIZ to provide sustainability in the natural rubber supply chain
The technology company Continental announced the construction of a new manufacturing plant in Hungary to expand its automotive electronics production footprint. Continental currently has six plants and a tyre sales and logistic center in Hungary. By choosing Debrecen as the…
Versalis: new di-block polymers awarded Tire Manufacturing Innovation of the Year 2018
Versalis’ breakthrough technology for new butadiene-based di-block stere regular polymers for the development of innovative compounds (BDSP), has been awarded “Tire Manufacturing Innovation of the Year” at the Tire Technology International Awards 2018, the independent European award program for the…