Switzerland-based Foster Wheeler AG has recently been awarded by Lanxess Changzhou Co., Ltd, to build a new EPDM rubber plant in China.
Modi Rubber Ltd forms a joint venture with Asahi Organic Chemical Industry to be called the Asahi Modi Materials Pvt. Ltd and will be based in Gujarat.
Malaysia glove manufacturer Kossan Rubber Industries Bhd is expected to show better output according to Kenanga Research.
The world’s largest tire and rubber company, Bridgestone, will be cutting off about 510 jobs in their European plants after the tyre sales have decreased.
Global market intelligence company, Transparency Market Research, reported the expected growth of the global Nitrile Butadiene Rubber (NBR) to US$2.7 billion by 2018.
Research and technology centre SATRA works closely with the Malaysian rubber glove sector for it to keep up with the European market.
Information service company Global Information reports global rubber industry booming; reaching the figure of US$101.6 billion by 2018.
Major rubber-producing countries will meet on December to discuss on the strategies that will stablise the rubber prices.
UK-based Smithers Rapra said global market for elastomer will boost to more than 28.1 millon tonnes in 2012 mainly beause of the vehicle tyre market.
Secretary Genenral of International Rubber Group Study, Dr. Stephen Evans, will open Tyrexpo Asia 2013 on March next year.