Thailand Prime Minister Prayut Chan-o-cha says that the government stands firm against giving rubber subsidies. He also warns that farmer may face legal charges if they stage a protest. He said that the Thai government is taking different measures to…
Category: Industry News
CNOOC and Shell to expand joint venture in Guangdong
On December 15, China National Oil Corporation (CNOOC) and Shell signed an agreement to expand capacity at the 50-50 joint venture CNOOC-Shell Petrochemicals Co., Ltd., which is located at Daya Bay, Huizhou City, Guangdong Province. According to the agreement, additional…
Versalis to distribute Eni Refining’s rubber process oils in Asia
Versalis Pacific Trading (Shanghai), a Versalis subsidiary in Asia, has started distribution of rubber process oils in the Asian synthetic rubber market. Versalis will be marketing extender oils RAE (residual aromatic extract), TDAE (treated distillate aromatic extract) and MES (mild…
Royal Adhesives & Sealants LLC acquired Adhesive Systems Inc
Royal Adhesives & Sealants LLC,acquired the stock of Adhesive Systems Inc. (ASI). Based in Frankfort, IL, ASI develops, manufactures, and markets cyanoacrylate, methyl methacrylate, epoxy and anaerobic adhesives and sells to the assembly adhesives market through a large network of…
Apache acquires Pacific Belting
Iowa-based Apache Inc. acquired Pacific Belting Inc. in Portland, Oregon. As part of its on-going growth initiative, the acquisition will increase the Company’s reach and enhance its ability to serve customers in the western United States and Canada. “Every step…
Cooper Tire to acquire majority of GRT
Cooper Tire & Rubber Company entered into an agreement to purchase a majority of China-based Qingdao Ge Rui Da Rubber Co., Ltd. (GRT). Cooper will own 65 percent of the entity, which will be renamed Cooper Qingdao Tire Co., Ltd.…
Kraton Polymers acquires Arizona Chemical
Kraton Polymers LLC completed the acquisition of Arizona Chemical Holdings Corporation (Arizona) for US$1,370 million. Arizona is the largest global provider of pine-based specialty chemicals. “Today we are pleased to announce that we have completed the acquisition of Arizona Chemical…
GRTE 2016 to be held in Bangkok in March
The GRTE 2016 – Global Rubber, Latex & Tire Expo 2016 is scheduled to take place March 9-11, 2016, in Bangkok, Thailand. The event, jointly organized by TechnoBiz and China United Rubber Corporation, offers a trade exhibition, training courses, conferences,…
Top Glove delivers record-breaking profit
Malaysian glove maker Top Glove Corporation Bhd delivered a record-breaking profit for the first quarter ended November 30 2015 (1QFY16). Profit Before Tax (PBT) came in at an all-time quarterly high of RM161.3 million, surging 172.9% compared with 1QFY15 and…
TBC named new Vice President
TBC Corporation, a marketer of automotive replacement tyres, appoints Aaron Murphy as Vice President, Commercial Truck Tire Sales. Murphy will be responsible for truck tyre sales in the wholesale, retail, original equipment, and national account channels. Murphy will report to…