The past few months have seen a steady slump in rubber prices—making the commodity one of the worst performers of the year, according to Commodity Online. Tokyo rubber futures, for example have sunk 27% to a six-year low at…
Category: Industry News
Rubber Assembly proposes a common trading platform
Creating a common trading platform may be a way to strengthen rubber prices, according to Sheela Thomas, Association of Natural Rubber Producing Countries Assembly (ANRPC) Secretary-General. ANRPC’s ministerial level meeting was held at Kuala Lumpur and the deliberations based on…
Demand for synthetic rubber type to reach 500mt in 2020
The increasing demand from end user industries (such as automotive, electrical, latex, adhesives, and construction) the global neoprene market is expected to reach 500 metric tons by the year 2020, according to a recent study by ReportBuyer. Neoprene is a…
Kumho Tire launches new app
Kumho Tire USA announced the release of the all-new Kumho Tire Product App, built to access the company’s entire product selection. The Kumho Tire Product App is free and available at the Apple Store for iPad users. The app includes…
Lanxess/Saudi Aramco synthetic rubber jv; EUR2.75 bn value
German speciality chemicals company Lanxess, the world’s largest producer of synthetic rubber, and Saudi Aramco, the world’s largest oil/energy producer, plan to establish a joint venture for synthetic rubber. Lanxess and Saudi Aramco subsidiary, Aramco Overseas Company, will each hold…
Nexen Tire breaks ground in Czech Republic plant
Nexen Tire Corp. plans to break ground on its US$1.1 billion tire plant in Žatec, Czech Republic on October 1. The South Korean tire maker disclosed the details about the plant in the IAA Frankfurt Motor Show. The plant should…
Tyre prices should be lower, said Kuala Lumpur agency
Despite the falling prices of rubber, tyre prices remain unaffected. That is why the Kuala Lumpur Consumers Safety Association (PKP) urges manufacturers, distributors and dealers of tyres and petroleum related products. PKP therefore urged the Ministry of Domestic Trade, Cooperatives…
Trinseo closes latex plant to cut costs
Trinseo, a manufacturer of plastics, latex, and rubber, has announced plans to close its styrene butadiene latex plant in Gales Ferry, Connecticut, due to continuing declines in the coated paper industry in North America, and as part of a program…
Kumho Tire union suspends strike to elect new leader
The unionized workers of Kumho Tire Co suspended its ongoing strike to elect a new union leader. The labor union said the strike was suspended to prepare for the election process as the current leader’s term expires on Sept. 30,…
Michelin presents awards to six outstanding suppliers
Michelin awards six of its outstanding suppliers in its annual Suppliers Awards. Michelin says it believes that the quality of the relationships it enjoys with its suppliers is a key to success given that the Group’s purchasing expenditure accounts for…