The Kerala government is expected to give a reprieve for the rubber growers who are struck by a steep fall in latex price. Finance Minister K.M. Mani said he had directed officers to form a formula to include latex in…
Category: Industry News
Desma inaguarates new facility in China
This year is a special one, because Desma is not only celebrating the 50th corporate anniversary but also the inauguration of a new and larger facility at the gates of Shanghai. Around 150 visitors participated in the opening festivities at…
JK Tyre launches RANGER – The premium range of SUV tyres
The all new Ranger Series is a multi-terrain, high performance SUV tyre series, setting a new benchmark for the future of SUV tyre segment in India · Available in two variants, Ranger Series’ design ensures best in class braking in most…
Black figures: Ceresana’s new market study about the world market for Carbon Black
No Carbon Black, no road traffic: A large amount of Carbon Black is needed for tire manufacturing. In a variety of other rubber goods, it serves mainly as a filler. Carbon black is used as a pigment for plastics, paints…
Kossan Rubber bounces after EPF ups stake
Shares of Kossan Rubber Industries Bhd rose 23 sen or 3.4% to close at RM7.07, after the Employees Provident Fund (EPF) increased its stake in the glove manufacturer. According to filings with Bursa Malaysia, the EPF currently owns about 42.94…
Ford, UAW, formally begin labor talks; jobs to Mexico at issue
Leaders of the United Auto Workers union and Ford Motor Co (F.N) started talks on a new labor contract on Thursday, with the specter of jobs fleeing to Mexico hanging over the proceedings. Earlier this month, Ford announced that it…
EU approves Czech state aid to build Nexen tyre factory
European state aid regulators approved almost 117 million euros (US$128.63 million) worth of regional investment aid to Nexen Tyre Corporation for the construction of a production plant in Zatec, Czech Republic. The aid granted from the Czech Republic promotes regional…
Rubber farmers face fresh crisis as latex prices spiral
Rubber farmers in Thiruvananthapuram are facing a fresh crisis with a steep fall in latex price. With the price of the commodity falling from Rs 152 per kilo to Rs 130 within three weeks, the inclusion of latex in the…
Synthetic Rubber Market is Expected to Reach USD 45,767.1 Million, Expanding at CAGR of 5.1% From 2015 to 2023: Transparency Market Research
Transparency Market Research has released a new market report titled “Synthetic Rubber Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023.” According to the report, the global synthetic rubber market was valued at US$ 29,121.2…
German car makers close to clinching Nokia maps deal for US$2.74-3.29 billion: sources
Germany’s premium car makers are close to a deal to buy Nokia’s HERE map business for between 2.5 billion and 3 billion euros ($2.74 billion to $3.29 billion), but a final agreement hinges on the question of who owns the…