International automotive supplier Continental was honored with two 2015 Automotive News PACE (Premier Automotive Suppliers’ Contribution to Excellence) Awards during the annual ceremony held Monday, April 20, 2015, at the Max M. Fisher Music Center in Detroit. The following Continental innovations were…
Category: Industry News
Global Silicone Elastomers Market Report 2015-2019
The silicone elastomers market is estimated to reach US$10,642.47 millions by 2019 from US$6,641.40 million in 2013, signifying a firm CAGR of over 8.22% between 2014 and 2019 The impact of different market factors, such as drivers, restraints, opportunities, and…
Albright restructures organization
Albright Technologies, a leading provider of silicone prototyping and low-volume production molding solutions, announced today a restructuring of its organization following a comprehensive evaluation of its workforce. The restructuring will pose the company to be better suited to the needs of…
Bangkok Bank backs Deestone tyre production expansion
Bangkok Bank is providing a loan of Bt2.5 billion to Deestone Group, one of Thailand’s leading tyre manufacturers, for factory expansion, as the group expands its annual production capacity for radial tyres to 10 million units by the end of…
Goodyear receives Pro Patria Award
The Ohio Committee for Employer Support of the Guard and Reserve, an agency of the Department of Defense, has honored The Goodyear Tire & Rubber Company (NASDAQ: GT) with the Pro Patria Award, the highest state-level award given to a civilian employer…
Demand for rubber ‘threatens forests’
The global demand for rubber tyres is threatening protected forests in Southeast Asia, according to a study. Tropical forests are being cleared for rubber plantations, putting endangered birds, bats and primates at risk, say UK researchers. By 2024, up to…
Rubber to trade mixed next week
The Malaysian rubber market is likely to trade mixed next week, in tracking crude oil prices and the ringgit’s movement, a dealer said. The downtrend in the rubber price on the Tokyo Commodity Exchange and a stronger yen are also…
Cooper Tire Texarkana earns U.S. department of energy award
The Cooper Tire plant in Texarkana, Ark. has been certified as a Superior Energy Performance® (SEP™) facility at the Gold level by the U.S. Department of Energy. The plant was recognized for implementing International Organization for Standardization (ISO) 50001, which…
Pirelli, Rosneft pick Synthos as partner for rubber project
Italian tyremaker Pirelli and Rosneft have picked chemical raw materials producer Synthos as their potential technological partner for the development of synthetic rubber in Nakhodka, Russia. The three companies have signed a memorandum of understanding to conduct feasibility studies to develop…
Semperit acquires Leeser GmbH & Co. K.G
Semperit A.G. Holding’s Semperform is acquiring Leeser GmbH & Co. K.G.. Once the transaction with the German seal maker is finalized, expected in the second quarter of 2015 after the firms receive approval from antitrust authorities, Semperform, which is part…