Demand for industrial rubber products is predicted to be up 3.4 % per annum to US$24.4 billion in 2019, caused by increased production of machinery and robust growth in nonresidential construction spending. A modest bump in motor vehicle production will…
Category: Industry News
Saudi Arabia Tyre Market Forecast and Opportunities
The passenger tyre market in Saudi Arabia is predicted to grow at a CAGR of over 13% during 2015-20. During 2010-14, passenger car tyre segment dominated the country’s tyre market, followed by the commercial vehicle tyre segment, and the same…
JK Tyre to venture into two-wheeler segment
To up it’s position in the tyre sector, JK tyre will venture into two- and three-wheeler segments. The company manufactures tyres for buses and trucks, among others. “We are looking to enter twowheeler and threewheeler segments. We are currently test…
Price of synthetic rubber to fall as crude oil price declines
Synthetic rubber is poised for a decline as crude oil price sets to decrease. Interestingly , in the last couple of years when the NR production plummeted, the SR output has grown in the country . The growth has been…
Polymer Enterprises hits the ground running in niche tyre market
In a factory in Pennsylvania, workers focus hard at work sweating over soft rubber and large vulcanization vessels. Human hands do the layering, though. The workers sweating over soft rubber and large vulcanization vessels in Polymer Enterprises Inc.’s Specialty Tires…
Avon Rubber acquires Hudstar Systems Inc.
Avon is pleased to report that it has completed the acquisition of 100% of the share capital of Hudstar Systems Inc. (‘Hudstar’) for US$5.1million in cash from existing cash resources. Hudstar is a leading Florida, USA based designer and manufacturer…
Michelin set to boost production with Chennai plant
2015 output at Michelin is expected to increase from 11, 000 tonne to 16, 000. The Chennai factory began production last year, focusing on radial tyres, which is growing 14% in India. Michelin addresses a market of 16 million truck…
Safic-Alcan acquires majority stake in ChemSpec Ltd.
Safic-Alcan has acquired a majority stake in ChemSpec Ltd. It will see Safic-Alan controlling 75% of chemical and polymer distributor ChemSpec. “This transaction is in line with the strategic vision of the group to expand geographically in North America while…
Viton VTR-9307 by Chemours launched
Chemours has launched Viton VTR-9307. The bisphenol-cured fluorinated rubber pre-compound is for the production of fluoroelastomer (FKM) parts with long-term resistance to hot acidic gases and condensates. Based on proprietary technology, the new product is said to combine the advantages…
Bridgestone Americas tyre operations plant achieves another safety milestone
The Aiken County, S.C., passenger tyre (PSR) plant has achieved one million man hours without a lost-time accident. During its 17 years of operations, the Aiken PSR Plant has been the recipient of multiple safety awards and recognitions, including: South…