Austrian Semperit Group and the Thai Sri Trang-Agro Industry Public Co Ltd Group are demerging their almost all of their joint ventures after 27 years of cooperation. Semperit will take over the joint distribution company in the USA (Sempermed USA),…
Category: Industry News
Reliance/Sibur jv to set up halogenated butyl rubber plant in India
Reliance Industries Limited (RIL) and Russian petrochemical giant Sibur signed an MoU to set up South Asia’s first butyl rubber halogenation unit at RIL’s integrated petrochemical site in Jamnagar, Gujarat, under Reliance Sibur Elastomers Private Limited (RSEPL) – a joint…
High global demand for medical gloves, low NR supply to further boost prices
The current high global demand for medical gloves and the limited supply of natural rubber (NR) are expected to further boost commodity prices this year. Global demand for medical gloves has hit a critical level as some countries are badly…
BOGE merges with TMT’s automotive business, operates 2nd plant in China
Germany-based BOGE Rubber & Plastics Group, a global leader in the field of vibration control and plastics solutions in the automotive industry, has been integrated into the Automotive Business Unit of Zhuzhou Times New Material Technology Co., Ltd (TMT). TMT…
ContiTech shifts focus of its conveyor belt business to industrial segment
Shifting the focus on its industrial applications business, rubber and plastics technology specialist ContiTech has strategically reorganised its belt conveyor business and created the new segment, Industrial Belt Solutions. As many of ContiTech’s customers merge into increasingly larger units, the…
Onyx Group expands into the tyre sector through Marangoni partnership
Onyx Group, a conglomerate company based in the United Arab Emirates, is expanding into the tyre sector through a partnership with Italy-based global tyre company Marangoni Group on industrial tyres. With activities spanning across a spectrum of industries such as…
Michelin/Fives jv offers 3D FormUp machinery under AddUp brand
French tyre maker Michelin and machinery supplier Fives that set up a 50:50 joint venture, Fives Michelin Additive Solutions, aimed at developing and marketing metal additive/3D manufacturing technology last year, have now introduced the AddUp global metal additive manufacturing solution,…
Kumho likely to be sold to China’s Doublestar
In what is said to be the largest M&A deal this year, the creditors of Kumho Tire Co. are expected to pick China’s Doublestar Tyre Co. as the preferential bidder for South Korea’s second largest tyre maker. Three Chinese companies had…
New method to enhance rubber yield developed by QAU, OSU professors
A new method that uses fungal treatment to increase rubber yields from plants has been developed by Dr. Naeem Ali, a faculty member at the Department of Microbiology in Quaid-i-Azam University (QAU) in Islamabad, Pakistan, along with this PhD student…
ANRPC says global rubber price hike in 2017 will not be substantial
The Association of Natural Rubber Producing Countries (ANRPC) is expecting that any global rubber price increase happening in 2017 will not be substantial, despite the analysis of the International Monetary Fund (IMF) saying natural rubber price would gain much in…