Thailand will spend 5.4 billion baht to buy 100,000 tonnes of its local rubber to support 850,000 rubber farmers. The Thai government will buy raw rubber sheets from the local farmers at 45 baht per kg, below the 60 baht…
Category: Industry News
ZC Rubber gains SmartWay Verification
Three Arisun and Westlake tyres, which are the tyre brands of China’s Zhongce Rubber Group Co., Ltd. (ZC Rubber), have received Smartway verification from the U.S. Environmental Protection Agency (EPA). The three radial tyres to obtain SmartWay verification are the…
“Dumping practices” threaten 2,500 jobs in UK
The Retread Manufacturers Association (RMA) says that the flood of cheap tyre imports in the UK poses a threat to 2,500 jobs in the UK. Dumping practices have already had a negative impact on UK’s steel industry. The RMA is…
Nokian tyres announce management changes
Nokian Tyres announced management changes that will be effective on April 1, 2016. Alexej von Bagh will take over the responsibility for the global Process Development in Nokian Tyres as of April 1, 2016. Mr. von Bagh will have the…
IRCo recognizes Thai gov’t efforts to cope with rubber prices
The International Rubber Consortium Limited (IRCo) said that it congratulates the Thai government in its efforts to cope with the continuing decline of rubber prices. IRCo is a subsidiary of the International Tripartite Rubber Council. IRCo said that the initiatives…
ChemChina invests in Mercuria Energy
China National Chemical Corporation (ChemChina), through its subsidiary ChemChina Petrochemical Co., Ltd, completed a strategic investment in Mercuria Energy Trading, one of the world’s largest independent integrated energy and commodities companies. ChemChina will become an important minority investor with a…
Chicago Pneumatic opens in Turkey
Chicago Pneumatic has opened new offices in Varyap Plaza, Istanbul, Turkey. The new Customer Center aims to meet the needs of distributors and customers across many industries including vehicle service, industrial maintenance, manufacturing, as well as foundries/casting industry, energy, aerospace…
Wacker expands capacity at Burghausen Site
The Munich-based Wacker Group has expanded its production capacity for functional silicone fluids at its Burghausen site. Investments in the expansion amount to around EUR26 million. The expansion is increasing the plant’s total production capacity by around 70 percent. “The…
ContiTech Air Spring Systems gets new boss
ContiTech appoints Claus Peter Spille as the new head of ContiTech Air Spring Systems. He succeeds Konrad Müller, who is retiring. In his new role, Spille will report to Hans-Jürgen Duensing, member of the Executive Board at Continental and responsible…
US reject Volkswagen’s plans to recall vehicles
The California Air Resources Board (CARB) rejected Volkswagen’s plan to recall two-liter diesel passenger vehicles sold in California between 2009 and 2015. It also notified VW of violations of California air quality regulations associated with the company’s use of a…