Michelin North America, Inc. has recently announced the advancement of its plans to build a distribution centre near Spartanburg, South Carolina (SC) in the US. The facility will represent a combined investment of US$270 million and approximately 350 jobs. Construction…
Category: Industry News
Rubber Board to release world’s first NR clone for North East India
The Rubber Board in India is set to release a new Indian natural rubber (NR) clone for exclusive cultivation in the country’s North East region for the first time. The NR clone, developed by the Rubber Research Institute of India…
Global aerospace tyre industry poised for further growth with 3.9% CAGR
The future of the global aerospace tyre industry is looking positive with opportunities in the commercial, regional aircraft, general aviation, helicopter and military aircraft segments. The global aerospace tyre market is set to grow at a CAGR of 3.9% from…
Malaysian Rubber Board teams up with FGV on ekoprena, pureprena research
The Malaysian Rubber Board (MRB) is collaborating with Felda Global Ventures Holdings Bhd (FGV) and other rubber product manufacturers in a research agreement for the commercialisation of ekoprena and pureprena under the Project National Key Economic Area (NKEA)’s Entry Point…
Trelleborg strengthens foothold in aircraft industry with CoorsTek acquisition
To further strengthen Trelleborg’s foothold in North America and its presence in sealing solutions for major aircraft programs, Trelleborg Sealing Solutions has agreed to acquire CoorsTek, Inc.’s US-based subsidiary that specialises in the manufacturing of precision seals for the aerospace…
Central Sulawesi, Indonesia looks to rubber farming for economic gains
More farmers in the Central Sulawesi province in Indonesia have started growing rubber trees in the area after the Forestry Agency in the economic potential offered by rubber trees. Agency data showed that rubber plantations in Central Sulawesi have expanded.…
Malaysia to introduce new initiative to curb decline in rubber production
The Malaysian Rubber Board said that the government will be introducing a new initiative to limit any further decline in the country’s rubber production. According to the board’s director-general, Datuk Dr. Mohd Akbar Md Said, the new technology comes with…
RMA: 93% decline in scrap tyres seen in the last two decades
A report issued by the Rubber Manufacturers Association (RMA), the national trade association for tyre manufacturers in the US, scrap tyre piles in the country have declined by more than 93% in the past two decades. There are only about…
PSG acquires Alkon; adds on to rubber additives portfolio
US-based speciality polymers and additives maker Polymer Solutions Group (PSG) is acquiring UK-based Alkon Solutions (Alkon) from Stephenson Group PSG is a portfolio company of private equity firm Arsenal Capital Partners (Arsenal). Terms were not disclosed. Based in Leeds, Alkon…
Bain exits ownership in Trinseo
Private equity investment firm Bain Capital, which bought materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber Trinseo in 2010, has sold all its remaining shares in the company. Bain Capital bought Trinseo (then known as Styron)…