The Malaysian rubber market is likely to continue its downtrend next week on negative sentiment due to fluctuating crude oil prices and oversupply situation in Asia. “The market is expected to be volatile next week given that the demand for…
Category: Industry News
UTECH Europe 2015 Polyurethanes Conference line-up
Organisers of UTECH Europe 2015 polyurethanes event have announced full details of its comprehensive three-day conference taking place April 14-16, 2015 at the MECC, Maastricht, The Netherlands. Featuring over 90 detailed technical papers delivered in a total of 11 sessions,…
Canada Tyre Market Forecast and Opportunities 2015 – 2020
Canada’s tyre market is forecast to increase at a CAGR of around 6% till 2020 Large vehicle fleet and growing hybrid vehicle sales would be the major factors driving Canada tyre market over the forecast period. Passenger car tyre market is the dominant…
Lanxess cuts 140 production jobs as quest for rubber partner continues
German chemicals group Lanxess unveiled more cutbacks on Thursday, shedding about 140 jobs in rubber production and acknowledging its quest for a strategic partner would likely take until the second half of the year. The company, the world’s No.1 maker…
As rice mountain shrinks, Thailand risks amassing rubber hoard
Eight months after Thailand’s military junta started selling rice into an oversupplied global market, the officers are taking a different tack amid a rubber glut. But this approach by Thailand, the world’s biggest exporter of both commodities, may cause as…
Pirelli shares above ChemChina bid price after dividend announcement
Shares in Pirelli (PECI.MI) remained slightly above the bid price offered byChina National Chemical Corp (ChemChina) after the Italian tyre maker announced a dividend payout on Tuesday, in a sign investors see value in keeping the stock. ChemChina will become the majority…
ContiTech to showcase solutions for outdoor market at Techtextil
ContiTech AG of Hanover, Germany, will be showcasing its new dry suit material, as well as the wide variety of possible uses for technical textiles at the upcoming Techtextil trade fair that takes place in Frankfurt from 4-7 May. The…
Rubber farmers stretched to the limits by imports, low production
While the rubber farmers are reeling under a severe crisis owing to steep fall in rubber price, the import of natural rubber (NR) has recorded an all-time high, crossing four lakh tonne in the fiscal year 2014-15. The rubber production…
Semperit acquires German rubber seal manufacturer Leeser GmbH
Semperit AG Holding has acquired Leeser GmbH & Co. KG, a German manufacturer of high quality rubber seals. In this way Semperit is strengthening the Segment Semperform as a complete provider on the profiles market, and has thus taken a…
J.D. Power customers less satisfied with run-flat tyres
Customers with run-flat tyres are less satisfied overall and replace tyres more frequently in the first two years of ownership than do those with non-run-flat tyres, according to the J.D. Power 2015 U.S. Original Equipment Tyre Customer Satisfaction Study. The…