The haze hanging over the palm-growing regions in Malaysia and Indonesia are affecting the plant’s growth and may reduce oil production by 10 to 20%. Palm oil production may decline 10% to 20% in the affected areas, according to IJM…
Category: Industry News
Global demand for silicones to grow by 5.8%
The global demand for silicones is predicted to grow by 5.8% per year to USD19.6 billion in 2019, according to Report Buyer. Through 2019, strong growth in silicone consumption is expected in the construction market, where an improved outlook in…
Giti Tire appoints new managers in Spain
Giti Tire appoints two new business development managers for their truck and bus tyre business in Spain. Rosaura Maria Gonzalez Frade and Daniel Gonzalez Martin will strengthen the existing market and work closely with the fleet and local business partners…
Lassa Tyres named official tyre partner of FC Barcelona
Lassa Tyres was named the official tyre partner of FC (Futbol Club) Barcelona for this season. The new season kits for indoor teams were also unveiled at the launch event last September 14. Lassa Tyres is owned by Brissa, Europe’s…
Indian automotive industry looking up
The Indian automotive industry is steadily growing, with an 11% growth in the last financial year. But Ramesh Suri, President, ACMA and Chairman said that further growth will depend on how the industry will handle its challenges. He spoke at…
Hankook Tire reaches wag agreement with workers
Hankook Tire management and workers reached a tentative agreement on workers’ monthly wages. The agreement was reached after workers voted on the latest proposal last September 6 to 8. According to Business Korea, in “the tentative agreement, the base pay…
Vibram and Hankook teamed for new shoes and tyres
Hankook Tire teamed up with footwear company Vibram to make futuristic concept tyres and shoes to be exhibited at the International Motor Show (IAA) in Frankfurt, Germany from Sept. 15 to 27. In total, five products are being unveiled. Hankook…
Malaysian rubber glove exports to grow by 20%
Rubber gloves will still be in demand, as the Malaysian Rubber Glove Manufacturers Association (Margma) predicts a 20% growth in exports to RM12.8 billion this year. “This year, rubber glove exports are expected to expand by 20% to RM12.8 billion,…
Toyo Tires launches new tyre you can use all year round
No need to switch to winter tyres, Toyo Tire U.S.A. Corp released Celsius, a “variable conditions” tyre you can use all year round. Built for the varying road conditions that drivers may face, Celsius is said to provide better ice…
Wacker opens new logistics center in China
Munich-based chemical group Wacker opened its new logistics Center in China yesterday. The facility is located on Wacker’s Zhangjiagang production site in Jiangsu province. Wacker has been operating its own subsidiary in Greater China for 20 years and has expanded…