Asia-Pacific is the leader in the global silicone market and this dominance is projected to continue till 2020. China is the key market in this region, having a market share of more than half of the global demand for silicones.…
Category: Industry News
Chinese tyre market slows down due to anti-dumping laws
The high-speed growth rate of Chinese rubber machinery industry in 2013 lasted till the first half year of 2014, during when the orders expanded and production and sales boomed. Then in July 2014, the United States staged anti-dumping and anti-subsidy…
China synthetic rubber market to reach US$12bn by 2020
According to recently released TechSci Research report “China Synthetic Rubber Market Forecast & Opportunities, 2020”, the synthetic rubber market in China is projected to cross US$12 billion by 2020. This growth is anticipated on the back of continuously rising production…
Grasim Industries Ltd will be Bluestar Silicones distributor
Bluestar Silicones signed an agreement with Grasim Industries Ltd. for the distribution of its full range of silicone products. Grasim Industries Ltd is a flagship company of Aditya Birla Chemicals Group With this partnership, Aditya Birla Chemicals becomes a major…
India slips in global rubber production
India may fall behind China to land in sixth in the global natural production ranks. Currently, India is the fifth largest producer of natural rubber behind Thailand, Indonesia, Malaysia and Vietnam. “Some years ago, the projection was that India would…
Pirelli announces tyre choices for last races
Pirelli completed its tyre nominations for the 2015 season and revealed tyre choices for the last four races. For the the grands prix coming up in US and Mexico, the P Zero White medium and P Zero Yellow soft tyres…
Toyoda Gosei closes Australian subsidiary
Japanese automotive part manufacturer Toyoda Gosei closes Australian subsidiary Toyoda Gosei Australia Pty. Ltd. (TGAU) because of “customers’ withdrawal from production in Australia”, the company said in its official statement. Toyoda Gosei will support its approximately 150 employees in Australia…
Michelin’s golf tournament benefits eight charities
Michelin North America raised a record US$682,000 from its annual charity golf tournament for eight charities. This year marked the 26th time Michelin has hosted the charity golf tournament. Since 1989, Michelin’s suppliers have contributed nearly US$4 million. Money collected…
Thai government can’t afford rubber subsidies
The Thai government said that it can’t afford to give subsidies to rubber planters and has asked for their understanding. Rubber planters wanted subsidies for rubber sheets at 60 baht per kilogram. Previous governments gave subsidies to farmers to…
Timberland Tires expands CUV and AT tyre size range
Omni United added 15 sizes of the Timberland Cross line bringing the size count to 35. Timberland Cross is the SUV/CUV line of Timberland Tires, a project that recycles the worn tires into footwear outsoles. The company will also…