Bridgestone Asia Pacific Pte Ltd, a wholly owned subsidiary of Japan-headquartered tyre maker, Bridgestone Corporation, opened its Myanmar branch office in Yangon. The office will focus on gathering information on thetruck, bus, car manufacturing industries and tyre markets, as well…
Category: Industry News
Dow Corning increases production capacity for hexachlorodisilane
Dow Corning, a global leader in silicones, silicon-based technology and innovation, announced that it has significantly ramped up production capacity for hexachlorodisilane (HCDS), and is working with global and local distributors to ensure its safe and efficient supply to current…
Wacker announces opening of a new logistics facility
The Munich-based chemical group Wacker announced the opening of a new logistics facility at its production site in Amtala near Kolkata today. The high-bay warehouse has a capacity of 5000 pallet spaces and will be operated by Wacker Metroark Chemicals…
Maxxis reports sales increase and consistent profits
Maxxis has released its 2013 financial results, with the global tyre giant’s books showing increased sales and consistent profits. The Taiwan-based Maxxis Group has seen turnover rise from $4.63 billion in 2012 to $4.billion in 2013, and net profit remaining…
Kossan Rubber’s share price gain nearly RM4
Glove maker Kossan Rubber Industries Bhd’s share price rose to nearly RM4 on Friday – the highest in a month — as investors remained upbeat about its prospects. At 3.12pm, it was up 15 sen to RM3.96. Turnover was 895,700…
Tokyo rubber could lengthen losses due to worries on China demand
Tokyo rubber futures could extend losses this week on persistent worries about demand from top consumer China, dealers said on Monday, while Thai raw sugar was being offered at discounts for the first time since 2009. Among other soft commodities,…
Flint Group reports price increase on silicones used for heatset web applications
Flint Group North America has announced a 15% price increase on silicones used in heatset web applications. New prices take effect on silicones ordered in the United States and Canada on or after July 1, 2014, subject to existing contracts.…
Malaysian glove sector looks less attractive to observers
With the “big four” Malaysian glove makers clamouring for market share in an increasingly crowded space, observers say the sector is looking less attractive in the near term. AllianceDBS Research contends that “alpha returns” may be elusive for glove stocks.…
Ceat to build up stronger presence in European tyre market
Indian tyre maker Ceat Ltd. aims to build up a stronger presence in the European passenger car and commercial vehicle tyre markets in the coming years. As the company explained during Reifen 2014, its plan is to work together with…
ContiTech earns Cadna Rubber
ContiTech, a subsidiary of German automotive supplier Continental, has acquired 100% of the shares of Cadna Rubber Company – American automotive parts distributor, a move which strengthens its position in the automotive aftermarket in the US. ContiTech, based in Memphis,…