South Korea’s LG Chem Ltd. recently announced its plans to invest KRW400 billion (around US$351.6 million) in building the country’s largest elastomer facility to meet growing demand and application of the polymer with rubber and plastic features. The 59,400 sq…
Category: Industry News
Colombia opens Latin America’s first large-tyre recycling plant
Latin America’s first large-tyre recycling plant was inaugurated by Colombian mining company Carbones del Cerrejon Ltd. The facility will export part of its production to other countries in the region and to Asia. The plant in Albania, a municipality in…
Malaysia launches rubber production incentive scheme this month
A Rubber Production Incentive (IPG) scheme was launched this month by the Malaysia Rubber Board (MRB). Under the scheme, there will be a payment of 25 sen per kg for cup lump at farm-gate level (50% dry rubber content) in…
Global rubber processing demand to hit 1.5 mn metric tonnes by 2020
Worldwide demand for rubber processing chemicals is expected to increase 4.4% each year through 2020 to 1.5 million metric tonnes, according to World Rubber Processing Chemicals, a new study from The Freedonia Group, a Cleveland-based industry research firm. This growth…
ContiTech to invest EUR20 mn for a new automotive hose plant in China
During a delegation trip through Germany headed by Dr. GuoShuqing, Governor of Shandong province, a Memorandum of Understanding (MOU) has been signed with ContiTech regarding the construction of a new automotive hose plant in Qingdao, China. ContiTech plans to invest…
India’s natural rubber production looking up for 2016-2017
India’s natural rubber (NR) production is seeing improvements this year after plunging to the lowest in nearly two decades in 2015-2016. The first quarter has shown a 2.3% increase in NR production from a year ago as per the initial…
Evonik’s new silica plant in Brazil now in operation
On July 20, the precipitated silica production plant of Evonik Industries in São Paulo, Brazil (Americana) was put into operation. The high-growth silica that the company produces is used mainly for high-quality low rolling resistance tyres. In addition, by building…
Multistrada aims to increase production capacity, market share
Indonesian tyre maker PT Multistrada Arah SaranaTbk is aiming for a 10-15% revenue increase in 2016, according to its president director Pieter Tanuri. The company is planning to support this growth by expanding its production capacity and increasing its unit…
Sumitomo’s Brazil factory to start producing truck and bus tyres
To ensure a steady supply of truck and bus tyres for the Brazilian domestic market, Sumitomo Rubber Industries, Ltd. has recently announced its plans to begin production of truck and bus tyres at its Brazil factory. The group will invest…
Qatar’s US$41mn tyre recycling plant now operational
Qatar’s US$41.3 million Modern Recycling Factory (MRF) is now operational. The Mesaieed Industrial City-based facility will recycle used tyres and rubber materials to make new products. At 20,000 sq m, the MRF is one of the largest greenfield recycling projects…