Japanese tyre company Yokohama Rubber will increase its production capacity in China for passenger car tyres to 13.6 million units a year by 2020, up nearly 50% from 9.35 million units in 2016, as it looks to boost business with…
Category: Industry News
Top Glove to acquire two plants in US$9.06 mn deal
Malaysian rubber glove manufacturer Top Glove has announced plans to acquire two plants in a US$9.06million (RM39 million) deal as part of its efforts to achieve 30% global market share from the current level of 25%. Analysts say the deal…
Petropolymer to build US$300mn NBR plant in Johor
Malaysian glove manufacturer Petropolymer Sdn Bhd has announced its plans to build a US$300 million (RM1.29 billion) acrylonitrile butadiene rubber (NBR) facility in Pengerang, Kota Tinggi in Johor, Malaysia to keep up with the high demand for the raw material…
RMA relaunches as US Tire Manufacturers Association
The Rubber Manufacturers Association (RMA), the national trade association for tyre manufacturers in the US, relaunched under the brand new banner of the US Tire Manufacturers Association (USTMA).The USTMA also unveiled its rebranded and newly designed website for the new…
Nigeria’s Edo State to give rubber sector a boost
Godwin Obaseki, the governor of Edo State in Nigeria, said he will boost rubber production efforts in order to increase the state’s foreign exchange earnings. According to him, rubber was a major source of foreign earnings for the country before…
India considers repealing the Rubber Act
The central government of India is mulling the repeal of the Rubber Act of 1947, which is often referred to by the country’s rubber farmers as “the Constitution”.The Act has been one of the key elements regulating the rubber industry…
Russia offers to trade fighter jets for Indonesia’s rubber
Russia has offered to trade its Sukhoi Su-35 fighter jets for Indonesia’s natural rubber. Indonesia’s Trade Ministry foreign trade director general Oke Nurwan was quoted as saying that Russia is interested in the country’s crumb rubber. However, the Indonesia government…
ContiTech closing Cosmoflex plant; expanding PVC hose plant
ContiTech, a division of German automotive manufacturing company Continental and a specialist in rubber and plastics technology, has announced the closing of its Cosmoflex plant in Hannibal, Missouri in the US by the end of the year. The company also…
JV termination led to high revenue growth for Semperit
Due to the termination of almost all joint ventures of Semperit Group with the Thai Sri Trang Agro-Industry Public Co Ltd Group, the Vienna-based publicly listed company saw high positive one-off effects in the first quarter of 2017. Although, the…
UAE uses scrap rubber tyres, organic materials to pave roads
The United Arab Emirates (UAE) is recycling scrap rubber tyres and using organic materials to pave roads. Hussain Al Mansuri, acting undersecretary of the Ministry of Infrastructure Development, said they have taken up a number of experimental projects to add…