Sumitomo Rubber Industries Ltd. suffered double-digit declines in operating and net income for the quarter that ended March 31 on a combination of factors including currency exchange losses and pricing and volume/mix issues. Sales also declined by 2.9 % to…
Category: Industry News
Making the ecological difference
Specialty chemicals company LANXESS provides its innovative bio-based Keltan Eco EPDM rubber to Freudenberg Sealing Technologies. This well-known global manufacturer of seals and vibration control technology products recently started to produce rubber seals made of Keltan Eco EPDM at its…
WACKER Expands Technical Center in Moscow Munich
Munich-based chemicals group WACKER has expanded its technical center in Moscow, Russia. Auguste Willems of WACKER’s Executive Board and Dr. Christian Hartel, head of WACKER SILICONES, dedicated the new service lab today in the presence of several customers. The facility…
Mix of Q1 results for tyre industry
The first quarter of 2015 generated a mixed bag of results in sales and earnings for tyre makers. Continental A.G., Goodyear, Pirelli & C. S.p.A. and Yokohama Rubber Co. Ltd. reported jumps in earnings during the period ended March 31,…
Vietnam rubber market sees surge in exports
Exports of natural rubber have increased significantly according to the Ministry of Agriculture and Rural Development. In the first four months of 2015, the export volume for natural rubber hit 259,000 tonnes, up by 37.7 % compared to the same…
Malaysian rubber market ends higher
The Malaysian rubber market closed higher today, supported by the crude oil price increase and positive sentiment from the Tokyo Commodity Exchange (Tocom) futures market. “Oil prices jumped more than two % on Thursday and boosted optimism that a supply…
Pirelli sees rise in net income
Pirelli & C. S.p.A. reported increased operating and net income for the quarter that ended March 31 on 6.5 % higher sales, with the consumer business outperforming the commercial business. Operating earnings rose 4.5 % to US$236.9 million while net…
Repsol and Grupo Kuo expand their current joint venture
Repsol and the Mexican company, Grupo Kuo, reached an agreement to extend their current joint venture, Dynasol, which will become a leading player in the synthetic rubber market. It will be among the world’s top 10 companies in that sector.…
JyTech expanding TPV compounding in N.A.
JyTech Polymers Inc. plans to install a custom compounding line for thermoplastic vulcanizates at Buckeye Polymers’ plant in Lodi, Ohio. The line will use Buckeye’s post-consumer polypropylene, a feedstock that “has properties and stability similar to virgin material and has…
Continental buys Elektrobit’s automotive division
Continental AG has bought Elektrobit Oyj’s automotive division for 600 million euros (US$677.5 million) to meet growing demand for electronics and safety technology. The greater use of electronics and software in vehicles, and the ability of cars to connect to…