According to the consultant McKinsey, the global automotive market is expected to grow until the year 2020, with the industry recording profits of EUR79 billion, up from EUR54 billion in 2012. Thus, Bridgestone Asia Pacific (BSCAP) has opened its plant…
Category: Industry News
GAPKINDO urges members to limit sales of rubber
Indonesia’s main rubber group has asked its members to impose strict limits on sales until the second quarter of 2015, an official said on Thursday, the second attempt in less than a month to support prices by the world’s second-biggest…
Tyre makers prompted to use synthetic products due to NR price increase
A rise in the prices of natural rubber has prompted tyre manufacturers to consider replacing the commodity with synthetic products. Spot prices of natural rubber at the Ahmedabad-based National Multi Commodity Exchange (NMCE) showed a rise of six per cent…
Malaysia reports rubber market upsurge, uplifted by weaker yen
KUALA LUMPUR – The Malaysian rubber market hit a six-week high at close today, boosted by the weaker yen and coupled with the Thai government’s announcement to help planters, a dealer said. The dealer said among the measures to be…
Dow Corning ES-5600 Silicone Glycerol Emulsifier gains SEPAWA Innovation Award
Dow Corning, a global leader in silicones, silicon-based technology and innovation, today announced that Dow Corning® ES-5600 Silicone Glycerol Emulsifier won first prize in the SEPAWA Innovation Award 2014 competition at the SEPAWA Congress in Fulda, Germany. A panel of…
Rosneft and Pirelli signs partnership agreement on synthetic rubber
Rosneft head, Igor Sechin, and Pirelli’s chairman, Marco Tronchetti Provera, signed a memorandum of understanding in the area of research and development, producing and shipping of synthetic rubber in the city of Nakhodka in the framework of the FEPCO (Far…
Thailand gov’t to dispense one-time cash handout to rubber planters
Thailand’s military-appointed government approved measures to help rubber farmers who have been hit hard by sharp declines in export prices. The decision enables the National Rubber Policy Committee to dispense a one-time cash handout worth no more than 15,000 baht…
Cooper launches new all-season luxury tyre
The new Cooper Discoverer SRX is designed to provide dependable all-season highway traction, superior handling, and a quiet, comfortable ride for a wide range of CUVs and SUVs. The premium tyre features Cooper Tire & Rubber Co.’s innovative Wear Square.…
Desma open house: a fete of rubber, silicone moulding solutions
German rubber and silicone moulding specialist, Klöckner Desma Elastomertechnik (Desma) hosted an open house event held 15-16 October in Tuttlingen with Desma’s Managing Director, Martin Schürmann, opening the event. The event, carrying the theme, “Where Champions Meet”, was attended by…
ExxonMobil Singapore to expand butyl rubber; also building world’s largest hydrocarbon resin plant
US chemical firm ExxonMobil Chemical recently held a ground breaking ceremony on the building of two new speciality polymers units at its Singapore Chemical Plant. This comes just ten months after celebrating completion of its major petrochemical expansion in Singapore…