Apollo Tyres plans to set up a new plant in Hungary at an investment of EUR 442.2 million (about Rs 3,450 crore) and the investment aid given by the country’s government has been cleared by European Commission. The project involves…
Category: Industry News
Shanghai rubber declines to five-year low
Shanghai rubber futures tumbled to their weakest level on record on Wednesday and prices in Tokyo sank to a five-year low, as concerns about oversupply and weak demand from top consumer China sparked heavy selling from speculators. The selloff pressured…
Top Glove to reduce stake in Sumatran rubber plantation
TOP Glove Corp Bhd, the world’s largest rubber glove manufacturer by volume, may pare down its stake in its Sumatran rubber plantation and seek out local partners as Indonesia mulls tough new laws to curb foreign ownership of plantations. Acquired…
Cabot introduces new fumed silica and carbon black products
Cabot Corporation (NYSE: CBT) has developed three new products for use as additives in electrophotographic toner applications. Cabot’s new REGAL® T-30R and REGAL® T-40R carbon black pigments are specifically designed to deliver improved tribocharge and excellent image density performance for…
Dow Corning adds new release coating to Syl-Off advantage series
Dow Corning, a global leader in silicones, silicon-based technology and innovation, introduced here today at Labelexpo Americas 2014 its new Syl-Off® SL 585 Release Coating, a uniquely versatile addition to the company’s globally proven Syl-Off® Advantage Series of solventless silicone…
AITDF appeals to reduce automobile tyre prices
There is a call for reduction in automobile tyre prices on the back of a significant fall in prices of raw material such as natural rubber and synthetic rubber. All-India Tyre Dealers’ Federation (AITDF) has alleged that despite drop in…
Evonik plans to invest EUR 2 billion to expand German facilities
Evonik is investing in its German operations with new large-scale industrial plants, capacity expansions, and new research centers. The company plans to invest some EUR 2 billion of the extensive investment program it has developed as part of its growth…
Vipal Rubber introduces new tread design for cargo tyres
Vipal Rubber is launching the VL140 tread designed for the cargo transportation sector. The VL140 tread is used on super-single tires that are wider and correspond to two cargo tires. This type of tire is more commonly used in markets…
European Commission allows Hungary’s investment aid to Apollo
Apollo Tyres Ltd. has settled on a site in northern Hungary — apparently — for its $650 million car and light truck tire plant, based on the European Commission’s granting approval for Hungary to provide investment aid of nearly $124…
Cabot reports price increase on specialty carbon products
Effective October 1, 2014, or as contracts allow, Cabot Corporation will increase prices, up to 8 percent globally, for specialty carbon products. This price increase is required due to escalating operating and environmental compliance costs, as well as continued investment…