Lanxess A.G. and BASF S.E. have signed an agreement regarding BASF’s purchase of the polyisobutene business, consisting of mainly intellectual property for a new technology to produce high molecular weight polyisobutene (HM PIB). Lanxess said in a May 11 news…
Category: Industry News
Maragoni and leader rubber grows stronger in partnership
Marangoni Retreading Systems is pleased to announce the signing of an agreement with Leader Rubber Co. S.A., involving the acquisition of 25% of the South African company’s stock by Marangoni Spa. This agreement is the culmination of a partnership that…
Research and Markets: Thailand rubber market analysis 2015 report
The global market is currently in its fourth year of surplus of natural rubber. The excess supply situation has caused stocks to pile high and prices are falling steadily. It is estimated that global rubber production which reach 11.18 million…
Increase in rubber plantations threatens the environment
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…
Cooper Tire profits down 10 %
Cooper Tire and Rubber Co. posted first-quarter earnings Friday that were haunted by a ghost whose initials are CCT. The Findlay-based tire manufacturer’s net profits were down nearly 10 % and its revenues down 20 % largely due to the absence…
MRCB ‘buy’, MISC ‘hold’, Parkson ‘neutral’ glove sector ‘positive’
MALAYSIAN RESOURCES CORP BHD By AmResearch Buy (Maintained) Fair Value: RM2.30 AMRESEARCH has maintained a “buy” call on MRCB Corp Bhd (MRCB) due to its transformational moves to become a property-centric group and its deleveraging efforts further boosted by more…
MIDF maintains positive on glove sector
The export value of rubber gloves in February 2015 maintained its uptrend and increased by 18.2% year-on-year (y-o-y) to RM916 million due to the stronger US dollar against the ringgit earlier this year. However, MIDF Research said the export volume…
Roughly 1,750 jobs will be lost as Dow Chemical trims its business
Dow Chemical Co. said it will cut between 1,500 and 1,750 jobs, or 3 % of its global work force, to streamline the organization further and optimize its footprint as a result of a US$5 billion divestment of most of…
Tesla buys Michigan-based auto supplier
Tesla Motors Inc. confirmed late Wednesday it has acquired a west Michigan auto supplier as it ramps up production of electric vehicles. Tesla spokeswoman Alexis Georgeson said the company this week acquired Cascade Township-based tool and die manufacturer Riviera Tool,…
Indonesia’s automotive industry shifts up a gear
In 2012 Indonesia produced more than one million motor vehicles for the first time. Its vehicle output rose 3.6 times during 2000–12. This was a large increase compared with global output growth of 1.4 times, while neighbouring Malaysia’s output only…