Butadiene prices are dropping. This is due to sharp declines in crude oil prices, continued soft demand for synthetic rubber and new butadiene capacities led to prices for the monomer touching a new low in FY15, the Indian petrochemicals group…
Category: Industry News
2015 Market Research Report released
The 2015 Market Research Report has just been released. The 2015 Market Research Report on Global Butadiene Rubber Industry is a professional and in-depth research report on the global butadiene rubber industry. For overview analysis, the report introduces butadiene rubber…
Expert committee formed to review issues of rubber production and import
The Commerce Ministry has set up an expert committee to examine the issues of the rubber industry such as production and imports. The government is also in the process of formulating a National Policy for rubber sector to address issues…
Rubber Planters Assembly, made up of 15 rubber planters groups, formed
“Fifteen rubber planters’ groups have merged to create the Rubber Planters’ Assembly to solidify their positions and unify demands. Uthai Sornlaksap, leader of the rubber planters’ network, will become acting chairman of the new body. Representatives of the groups made…
Penske Automotive purchases Land Rover Dealership
Penske Automotive Group, Inc.an international transportation services company, has acquired a Land Rover dealership in Darien, Connecticut. The company estimates the dealership will generate approximately $50 million of revenue annually. “We are pleased to add the Land Rover brand to our existing automotive…
Rogers acquires engineered silicones producer Arlon for US$157m
Handy& Harman has been successfully acquired by American specialty materials Rogers for US$ 157 million. Arlon produces high-frequency circuit materials and engineered silicones, which will complement Rogers’ printed circuit materials and high-performance foams business segments, the company said. For the…
Maxxis to open new factory in Indonesia
Since 2005, Maxxis has been present in Indonesia to introduce various types of high-quality tyres that have been recognized globally. Until now, Maxxis has been marketed in 130 countries, including Indonesia. On an international scale, Maxxis now ranks as the…
Short Interest of Delphi Automotive PLC grows
Delphi Automotive PLC (NYSE:DLPH) stated gains of 294,149 shares or 14.2% in the short interest. The short interest registered from 2,071,487 on December 15,2014 to 2,365,636 on December 31,2014. In terms of floated shares, the shorted positions stood at 0.8%.…
Steady growth for automotive steering systems, report says
The automotive steering systems market is poised for steady growth on account of growing emphasis towards incorporation of sophisticated, reliable assisted steering systems in vehicles. Arduous manual steering systems are on the verge of getting obsolete owing to increased importance…
Delphi Automotive PLC (DLPH) receives BBB credit rating
Morningstar has awarded Delphi Automotive PLC (DLPH with BBB credit rating. The firm’s “BBB” rating suggests that the company is a moderate default risk. They also gave their stock a two star rating. A number of other firms have also…