Sumitomo Chemical Company and Zeon Corporation will conduct a joint study on the possible consolidation of both of the companies’ Solution Styrene Butadiene Rubber (S-SBR) businesses. Zeon and Sumitomo are looking into forming a new joint venture company where they…
Category: Industry News
China’s medical gloves industry offers huge potential for Malaysian investors
There is a huge potential for joint ventures between Malaysian and Chinese investors in the rubber medical gloves industry in China, given the country’s huge population and low usage of such gloves in the healthcare industry currently. In 2015, China…
Yokohama releases new high-pressure hydrogen gas hose for fuel cell vehicles
Yokohama Rubber Co., Ltd. has started selling a new high-pressure hydrogen gas hose this month, called ibar HG82, which they developed in cooperation with Iwatani Industrial Gases Corp.The new hydrogen dispenser hose is used for filling fuel cell vehicles (FCVs)…
India’s NR production in June up 6%, imports fell 4%
According to data from the Rubber Board, India, natural rubber (NR) production in the country increased by 6% to 50,000 tonnes in June from 47,000 tonnes in the same month last year. Meanwhile, NR imports were down by 4%. NR…
Filipino rubber farmers get PHP41 mn processing plant
The Philippine government has established a PHP41-million rubber processing plant in Banisilan, North Cotabato in Mindanao. This raised hopes among rubber planters for processed rubber products and bigger market opportunities. The processing centre was inaugurated by North Cotabato Governor Emmylou…
Indian government imposes anti-dumping duty on Chinese rubber chemicals
In an effort to protect local players from cheap inbound shipments, the Indian government has extended anti-dumping duty on certain rubber chemicals coming in from China. The country’s finance ministry imposed an anti-dumping duty of US$0.23 per kg on imports…
Continental signs purchase option agreement for Hefei tyre plant expansion
Continental has signed a long-term purchase option agreement for additional real estate for the company’s Hefei tyre plant in China. A Chinese delegation team made up of 11 high-ranking representatives of various authorities and committees travelled to the company’s headquarters…
India’s TVS Srichakra enters bike radial tyre segment, expands capacity
One of India’s leading two- and three-wheeler tyre maker, TVS Srichakra, recently launched Protorq, the company’s two-wheeler radial tyres meant for premium bikes. TVS Srichakra joins the list of a few other India tyre companies like MRF and Ceat that…
Apollo Tyres investing Rs27bn to double bus and truck radial tyre production
Apollo Tyres chairman Onkar Kanwar said that the company is investing about Rs27 billion to double the manufacturing capacity of its bus and truck radial tyres. The expansion of the company’s facility in Chennai, India to increase the truck-bus radial…
Sumitomo to double tyre production in US factory with US$87 mn investment
Sumitomo Rubber Industries, Ltd. recently announced its plans to increase passenger car and light truck tyre production capacity in its US factory, located in Tonawanda, New York, from the current 5,000 tyre units per day to 10,000 tyre units per…