Trade sources said European styrene butadiene rubber traders and producers are looking to increase their May offers by a minimum of EUR35/mt(metric tonne) in a bid to hold on to the higher than EUR500/mt margin over butadiene reached in early…
Category: Industry News
Petronas cancels synthetic rubber at RAPID project; savings of US$1.3 bn
Petronas Chemicals Group Bhd (PCG), partly owned by Malaysia’s national petrochemicals/oil company Petronas, has cancelled the proposed US$1.3 billion elastomers project at the Refinery and Petrochemicals Integrated Development (Rapid) project in Johor. In a filing to the Malaysian Stock Exchange,…
Polymer Solutions Group completes acquisition of Sasco Chemical Group
Arsenal Capital Partners, a New York-based private equity firm that invests in middle market specialty industrial and healthcare companies, announced on April 28 that its specialty polymers and additives platform, Polymer Solutions Group (PSG), acquired Sasco Chemical Group, Inc., a…
Cambodian rubber farmers hopeful as rubber prices rebound
Workers are back at Cambodian plantations and the sector is imbuedwith a rare sense of optimism because of the sharp recovery in international rubber prices, a recent report says. According to Hang Sreng, director of rubber exporting company Long Sreng…
Bridgestone, Correa Tire open first service centre in Puerto Rico
Bridgestone Latin America North (BS-LAN), through its Bridgestone Costa Rica, SA (BSCR) subsidiary, and in alliance with Correa Tire Distributors opened first Bridgestone Store located in the financial commercial corridor in San Juan, Puerto Rico. The new Bridgestone Store is…
New tyre designs: Form factors of tomorrow
By: Mr Ryota Kawai, General Manager of Consumer Tire Development & Tire Testing Department Bridgestone Asia Pacific Technical Centre Co, Ltd Tyre designs have long been fundamental to the driving characteristics of an individual and thefunctionality of a tyre. The…
Semperit extends CEO’s Management Board mandate
In the constituent meeting held on April 26, the Supervisory Board of Semperit AG Holding, an internationally-oriented manufacturer of industrial rubber and plastic products, extended the Management Board mandate of Chairman Thomas Fahnemann for another term until 31 December 2019.Michele…
ContiTech sales surged to EUR5.4bn in 2015
ContiTech, an international industrial and automotive supplier, increased its 2015 sales to around EUR5.4 billion that translates to a 37% growth for the company. In the beginning of 2015, ContiTech acquired Veyance Technologies Inc. which has contributed roughly EUR1.15 billion…
Tredagain introduces footwear line made from upcycled tyres
Tredagain, a sustainable footwear company based in Austin, Texas, presents its new line of fashionable, durable and high-quality shoes made with upcycled scrap tyres. They are the first footwear company to integrate APX® into their products. APX® is a 100%…
Michigan State House passes bill against black market for stolen tyres
Michigan state police in Walker, Grand Rapids and Kentwood are investigating the increasing theft of car parts, including tyres in the area, noting too of the rise in trade of these stolen parts. To fight this, legislation passed last week…