Thailand has emerged as one of the most preferred destinations for automobile production for various leading global automotive players due to availability of cheap labor and geographical advantage of its location in the ASEAN (Association of Southeast Asian Nations) region.…
Category: Industry News
Global carbon black market growing
The future of the carbon black market looks good with opportunities in tyre, non-tyre rubber, plastic, coating, and ink applications, according to a report published by market research firm Lucintel. The global carbon black market is forecast to grow at…
Global EPDM market worth US$7.2 bn by 2020
The Global EPDM (Ethylene Propylene Diene Monomer) market size, in terms of value, is projected to reach US$7.2 Billion by 2020, at a CAGR of 5.4% between 2015 and 2020, according to a new report by Markets and Markets. This…
Tire Recappers release new winter tyres
Tire Recappers, a Nashville-based tyre retread company, has added CM&S 2 winter tyre to its collection of tire retreads. The new tire sizes are now available at tirerecappers.com. “Tire Recappers is thrilled to announce our new line of winter tires”…
Stemco and Goodyear reach licensing agreement
Stemco, an EnPro Industries company and a manufacturer of heavy-duty components and solutions for the commercial vehicle market, has officially reached a trademark license agreement (TMLA) with The Goodyear Tire & Rubber Company. The new TMLA follows Stemco’s recent acquisition…
Sinopec acquires 10% stake in Sibur
Russian gas company Sibur and China Petroleum & Chemical Corporation (Sinopec), announced the completion of Sinopec’s 10% minority investment in SIBUR as a strategic investor. Sinopec will have the right to nominate a representative for Sibur’s Board of Directors as…
Tatneft produced the three millionth tyre
Russian tyre company Tatneft announced that their The Nizhnekamsk SSC tyre factory has produced its three millionth tyre of the Kama solid-steel cord design. Nizhnekamsk SSC Tire Factory produces 66 commodity items today for all types of trucks, buses and…
BKT inaugurates Indian plant
Tyre company BKT inaugurated their new plant in India. The plant is located in Bhuj in the State of Gujarat at a distance of about hundred km from the Pakistani border and 60 km from the Port of Mundra on…
Yokohama Tire Virginia celebrates two milestones
Two major milestones recently occurred at Yokohama Tire Manufacturing Virginia, LLC (YTMV): the Salem, Virginia facility celebrated its 25th anniversary and produced its 80 millionth tyre. “These are two very significant achievements for Yokohama, particularly in the U.S.,” said Tetsuro…
Lanxess raises prices for chloroprene rubber and adhesives
Lanxess will globally raise its prices for chloroprene rubber and adhesive grades effective January 1, 2016. The price increase is EUR250 or US$270 per metric ton. This adjustment reflects the general market and cost development of the last 12 months.…