Israel’s Delek Automotive Systems is in advanced talks to buy control of environmental and infrastructure firm Veridis from investment manager Oaktree Capital Management for 1.05 billion shekels (US$305 million). Veridis operates in the collection, treatment and recycling of municipal waste…
Category: Industry News
Hainan Rubber inks MoU to start natural rubber investment in Africa
China’s Hainan Rubber Group signed a memorandum recently to set up an investment vehicle to develop projects in natural rubber and other related sectors in Africa. Such investment will have a special focus on the Community of Portuguese Language Countries in Africa, Hainan Rubber said.…
Vietnam Rubber Group targets raising US$273 million in Feb IPO
State-owned Vietnam Rubber Group (VRG) will offer 475.1 million shares, equivalent to nearly 25 % of its charter capital, for sale in its initial public offering (IPO) scheduled for February. With the starting price set at US$0.59 apiece, VRG expects…
Henniges Automotive launches new plant in China
Henniges Automotive, a leading global supplier of highly engineered sealing and anti-vibration systems for the automotive market, has opened a new, scalable 79,500 square-foot (7,391 square-meter) facility in Suzhou, China. The plant is located in the Taicang Port Economic and Technological…
ISRI applauds CSG Resolution recognizing importance of science-based evidence in evaluating recycled rubber infill
The Institute of Scrap Recycling Industries (ISRI) applauded the Council of State Governments’ (CSG) unanimous approval of a resolution noting that scientific evidence should be paramount when assessing recycled rubber play surfaces. The resolution was presented to the CSG Energy…
Synthomer sells Leuna site to Alberdingk Boley
Synthomer plc, a speciality chemicals company, has sold its Leuna site in Germany to Alberdingk Boley Gmbh for an undisclosed price. The site will continue to manufacture products for Synthomer for an initial period prior to transferring the manufacture of product to…
2017 year in review: sad news for the Indian rubber market
The year 2017 saw several disappointments. Industry troubles such as price crash and production loss due to climate change continued to haunt the 10-lakh odd growers especially in the small and medium segment. Prices hovered at 120-130/kg for the RSS-4…
Synthetic rubber market expected to reach US$37.8 billion by 2022
The synthetic rubber market is expected to reach US$37.82 billion by 2022, registering a CAGR of 5.5% between 2017 and 2022. Synthetic rubber is mostly produced from crude oil and natural gas, by the polymerization of monomers. Although used in…
Thailand to export 240,000 rubber pillows to China annually
Thailand is expected to export 240, 000 of its rubber pillows to China annually. Thailand’s rubber pillows are made by rubber planters under the Network of Rubber Planters Institutes of Thailand, said Suphat Eawchai, the official attached to the Ministry…
Malaysian rubber market extends uptrend at close
Malaysian rubber market extended its uptrend to today, bolstered by firmer leads from regional rubber futures markets and as benchmark oil prices surged to a more than 2 -year high yesterday, a dealer said. The dealer said the positive sentiment…