Trinseo recently announced its plans to sell its latex and automotive-plastics businesses in Brazil to a local company. According to CEO Chris Pappas, the deal should be closed by the fourth quarter of the year. Pappas stressed that the decision…
Category: Industry News
US ITC probes synthetic rubber imports from four countries
The US International Trade Commission launched a probe into the imports of synthetic rubber used in tyres and other automotive components from Brazil, Mexico, Poland and South Korea. This is to determine whether the dumping of the products injured domestic…
Global aerospace tyre industry to grow at 3.9% CAGR until 2021, says report
According to a new market report by Research and Markets, 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. It is expected to grow…
Dandelions with natural rubber being grown by scientists
A new strain of dandelions with natural rubber in its roots has been developed by scientists at the Ohio State University. They are continuously improving the weed for a faster and more efficient production process so it can be a…
Medical grade silicone market to hit US$7.23 bn at 9.4% CAGR by 2021
The medical grade silicone market size is projected to reach US$7.23 billion by 2021, growing at a CAGR of 9.4% during the forecast period, said a report published by Markets and Markets. According to “Medical Grade Silicone Market by Product…
Cambodia’s rubber export tax revision being urged by investors
Rubber industry investors in Cambodia are calling on the government to revise rubber export taxes as they face falling natural rubber prices, decreasing demand, and global economic slowdown. Hean Mean Investment Co. chairman, Lim Heng, asks for consideration to bring…
ANRPC: Natural rubber demand outlook in 2016 remains weak
According to the July report of the Association of Natural Rubber Producing Countries (ANRPC), there is a weak possibility of natural rubber (NR) demand gaining strength in 2016 or 2017. The ANRPC accounts for 90% of the world’s NR supply.…
Firestone Liberia to dismiss 500 employees
Firestone Libera, an indirect subsidiary of Bridgestone Americas Inc., recently announced that it will cut its workforce at its Harbel facility by approximately 500 employees or roughly 7% of its regular workforce. This is a result of the company’s ongoing…
World’s first neoprene-free natural rubber wetsuits
California-based clothing company Patagonia launches the world’s first and only neoprene-free wetsuits that are made from natural rubber sources that are Forest Stewardship Council certified by the Rainforest Alliance. The company entered the natural rubber industry in 2014 and this…
Indian tyre-makers looking to increase rubber imports
Tyre-makers in India may raise their natural rubber imports to take advantage of the global fall in prices and to counter the supply crunch at home. Natural rubber production in India fell to its lowest in a decade last year…