Global specialty chemicals company Cabot Corporation and its joint venture partner Inner Mongolia Hengyecheng Silicone Co., Ltd (HYC) has broken ground on the site of its new fumed silica manufacturing plant in Wuhai, China. Announced in September 2016, the facility…
Category: Industry News
Combatting rubber price slide with export cuts
The International Rubber Consortium (IRCo) will hold a meeting among its members, including Thailand, Indonesia and Malaysia, on June 16 and 17, where the group will ask all producers to agree to the production cuts. Titus Suksaard, the governor of…
Malaysia sees increase of 17.1% rubber production in April
Malaysia’s April production of natural rubber increased 17.1% to 48,889 tonnes in April 2017, from 41,753 tonnes a year ago. On a monthly basis, however, it decreased 39.2% from 80,384 tonnes in March 2017. In a statement, the Statistics Department…
Pirelli suspends Venezuela production due to lack of raw materials
Italy-based tyre manufacturer Pirelli has suspended production in its Venezuela site for an indefinite period of time due to lack of the necessary raw materials. Pirelli is the latest foreign company to suspend its operations in Venezuela amidst a severe…
SaarGummi Group mulling JV with South Korea’s AIA Corporation
SaarGummi Group, a leading supplier of car body seals and moulds for the automotive industry, is considering a joint venture with AIA Corporation, a South Korean company engaged in processing and manufacturing rubber and plastic products for the automobile sector.…
Michelin, ICCF inaugurate new research lab for polymer modelling
French tyre manufacturer Michelin and Institut de Chimie de Clermont-Ferrand(Institut de Chimie de Clermont-Ferrand: Université Clermont Auvergne, SIGMA Clermont and CNRS) officially opened SimatLab, a new joint public-private research laboratory dedicated to the modelling of polymers. To accelerate the design…
Southern Thailand looks to infrastructure, tourism amid falling rubber prices
Declining rubber prices left the property market and residential demand in Thailand’s southern provinces to depend on investments from the government in infrastructure projects. Sureeratana Luckananit, senior director of the southern regional office of the Bank of Thailand, says the…
Toyo Tire Malaysia has manufactured more than 10 million tyres
Toyo Tyre Malaysia Sdn Bhd (TTM), the Malaysian automobile tyre manufacturing subsidiary of Japan-based Toyo Tire & Rubber Co., Ltd., has manufactured more than 10 million tyres. TTM was established in Malaysia’s Perak State in May 2013 as one of…
RISDA to disburse RM200 mn in dividends to rubber smallholders, next of kin
The Rubber Industry Smallholders Development Authority (RISDA) is disbursing RM200 million worth of dividends to participants of its cluster new planting plan (RTBB) and commercial replanting (TSK) initiative. They are calling on the participants or their next of kin to…
India abolishes cess on rubber, automobile and other goods
India’s central government has removed additional cess on goods and services included in the last three General Budgets – 2015-16, 2016-17 and 2017-18, as per a notification by the Finance ministry on June 7, 2017, to ensure the smooth rollout…