National tyre industry body Automotive Tyre Manufacturers’ Association (ATMA), which represents 11 large tyre companies in India accounting for over 90% of tyre production, emphasised the increasing importance of maintaining the high quality of natural rubber as a raw material…
Category: Industry News
Top Glove’s 2017 Q3 net profit up 24.4% to RM 77.7 mn
Malaysian rubber glove manufacturer Top Glove’s 2017 Q3 net profit jumped 24.4% to reach RM77.7 million from RM62.45million in the same quarter last year. The glove manufacturer saw its revenue rose 29.3% to RM869.6millionyear-on-year while pre-tax profit came in at…
Wacker opens new silicones R&D centre in Michigan, US
Munich, Germany-based chemical group Wacker Chemie AG has opened its new silicones research and development (R&D) centre in Ann Arbor, Michigan in the US that is dedicated to support its overall business and product development in North America. The group’s…
Vipal treads eligible for German De-minimis programme
Latin American tyre retreading products manufacturer Vipal Rubber has announced that seven of treads are now eligible for use by the German De-minimis programme, which reimburses participating fleets for a significant portion of their retreaded tyre acquisition costs. Since 2015,…
Cabot Corp, HYC break ground on new fumed silica facility in China
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…
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…