As the world’s second largest producer of rubber, Indonesia’s main rubber group has aimed to fix floor prices at $1.50 per kg (RM 4.90). The groups’ intention for setting the price at $1.50 is due to plummeting global prices that…
Category: Industry News
Wacker raises prices in Americas
Wacker Polymers will raise its prices for Vinnapasvinyal acetate-ethylene and Vinnol ethylene-vinyl chloride-based copolymer dispersions and dispersible powders effective November 1st in the Americas. Alongside the increase, Wacker said a logistics surcharge of 0.02 cents per pound will be effective…
Bridgestone’s Akron tech gains gold level LEED V3 certification
Bridgestone Americas Tire Operations LLC’s Americas Technical Center in Akron, Ohio, has earned LEED V3 (Leadership in Energy and Environmental Design) certification at the Gold level by the U.S. Green Building Council. The center was built to LEED Gold specifications…
Sri Lanka rubber farmers meets President to discuss difficulties
Sri Lankan President Mahinda Rajapaksa Thursday met with the small scale rubber planters in the country at Temple Trees for discussions to address their woes. Representatives from various rubber planters’ associations met with the President to discuss the difficulties faced…
Sumitomo Rubber invests R1.1 billion in local tyre factories
Despite the rise in cheap imported tyres and frequent labour strikes in the industry, Sumitomo Rubber Industries (SRI) is forging ahead with a R1.1 billion investment into its factories in Ladysmith, KwaZulu-Natal to position itself as the leading player in…
Kerala gov’t urges Cochin Refinery to produce more NRBM
The Kerala government has asked the Cochin Refinery to see that they produce more natural rubber modified bitumen (NRBM), Chief Minister Oommen Chandy said Wednesday. NRBM is prepared by adding five per cent natural rubber latex to the bitumen. The…
Thai Agriculture Ministry terminates sale of rubber stockpiles
The Agriculture Ministry has put on hold a planned sale of 200,000 metric tonnes of rubber from state stockpiles, a move that may help appease farmers threatening protests as prices slump to a five-year low. The ministry, which is in…
Dow Corning to aid clients step up product development
Dow Corning will address the need to accelerate product development, reduce time to market and create value at this year’s CPhI Worldwide from 7-9 October 2014 in Paris, France. At Stand #5R31, visitors can discover a broad range of new…
Michelin Malaysia unveils new truck tyres
Michelin has introduced two new truck tyres for the Malaysian market – the all-terrain X Works Z and highway-optimised X Line Energy Z. The X Works Z features a new uniform-footprint tread design, wider and more open grooves, plus a…
Apollo Tyres reports net profit increase in Q1
The Board of Directors of Apollo Tyres Ltd have approved the company’s unaudited results for the 1st quarter of the financial year 2014-15. Earlier in the day, at the 41st Annual General Meeting, shareholders approved the annual dividend payout of…