The Rubber Industry Smallholders Development Authority (RISDA) is requesting an additional allocation of RM22 million from the government for a replanting project involving 3,400 hectares of land. Minister of Rural and Regional Development Datuk Seri Ismail Sabri Yaakob said the…
Category: Industry News
Indorama Ventures completes purchase of DuraFiber Technologies
Global chemical manufacturer Indorama Ventures Public Company Limited (IVL) has completed its purchase of DuraFiber Technologies México Operations, S. A. DE C. V. (Durafiber). Durafiber is a leading Mexican producer of durable technical textiles for industrial, tyre reinforcement, and specialty…
Wacker launches new representative office in Myanmar
Chemical company Wacker has extended its Southeast Asian presence by opening a new representative office in Yangon, Myanmar. The Munich-based company said the office will distribute products of the chemical business divisions Wacker Silicones, Wacker Polymers and Wacker Biosolutions to…
HF Mixing Group expands Mixing Room Solutions capabilities, acquires Mesabi Control Engineering
HF Mixing group has announced that it is expanding its Mixing Room capabilities. This is done through strategic co-operation with B&K Wäge- & Anlagentechnik GmbH, Germany with a focus on weighing, storage, feeding, dosing of raw materials and liquids that…
Toyo Tires planning to expand its tyre production facilities in the US and Malaysia
Toyo Tire & Rubber Co., Ltd. Is gearing up to expand its tyre production facilities in the US and Malaysia in a bid for continued growth beyond 2020. The North American facility is located in the state of Georgia and…
Synthomer acquires BASF Austrian SBR business and assets
Specialty chemicals company Synthomer has acquired BASF Austrian SBR business and assets (“the business”) for EUR30 million. The Business produces Styrene Butadiene Rubber (“SBR”) used in the paper industry, notably in packaging end-markets. It operates from one site in Pischelsdorf,…
Pirelli all set for re-listing on Milan exchange
Italian tyre maker Pirelli will price its initial public share offering (IPO) at EUR6.50 per share, offering up to 40% of its shares, or 350 million shares. It expects to raise between EUR2.27 to 2.6 billion, depending on whether an…
Cabot and Dow celebrates launch of Cabot’s new world-class fumed silica plant
Chemical companies Cabot Corporation and DowDuPont (or “Dow”) recently came together to launch Cabot’s new world-class fumed silica plant in western Kentucky, USA. The launch coincides with the 50thanniversary of the Dow site in Carrollton and celebrates the Company’s history of innovation…
The Malaysian Rubber Board (MRB) is pushing for rubberised roads in order to stabilise rubber price
The Malaysian Rubber Board (MRB) is pushing for rubber bitumen to be used in new road construction through a policy starting the middle of next year, its Research and Innovation Deputy Director-General Dr Zairossani Mohd Nor said. He said if…
Apollo re-enters race to acquire South Korea’s Kumho Tire and Industries
Apollo is again vying for the acquisition of South Korea’s Kumho Tire and Industries after its sale to a Chinese bidder collapsed over tension in the Korean peninsula impacting deal valuations, said several people aware of the matter. Chinese tyre…