THE Food and Drug Administration (FDA) has issued a medical product guide for labeling medical products that do not contain natural rubber latex. According to FDA, the purpose of the document, appearing March 11 Federal Register, is to make recommendations…
Category: Industry News
IRSG predicts a decade of opportunity for tyre makers
DURING the opening of the Tyrexpo Asia 2013 held 19 March in Singapore, a key official of the International Rubber Study Group (IRSG) predicted strong global demand for tyres through the coming decade. Speaking as principal guest at the show,…
Cabot unveils new brand identity, product incubator
CABOT Corp. has unveiled a new corporate brand identity that emphasises the company’s strengths as a global leader in specialty chemicals and performance materials. “Our customers choose Cabot because they understand we provide more than just a product,” said Patrick…
RTA welcomes Salvadori into its fold
MACHINE manufacturer Salvadori Srl has signed up to the US-headquartered Retread Tire Association (RTA) as its 300th member. Harvey Brodsky, Managing Director of RTA welcomes teh addition to the RTA fold, saying that other members will also benefit from their…
Synthos on a high
Synthos SA, the rubber maker controlled by Polish billionaire Michal Solowow, surged to an 11-month high after proposing a record dividend. The manufacturer of synthetic rubber used for production of tyres will return to its owners a total of US$315…
Continental achieves higher sales, amidst a gloomy outlook
German firm Continental Corporation has set new records last year, against the back of a difficult market environment, achieving a profit of EUR1.9 billion and 7.3% higher sales to EUR32.7 billion and EUR25 billion in incoming orders. The firm says…
Import levy hike will only benefit China, Indian rubber groups warn
THE government’s proposed 70% import tax hike for natural rubber (NR) is nor welcomed by tyre and non-tyre manufactures in India. They allege that it will further harm the local manufacturing sector, conversely giving competitive edge to importers of finished goods, like China.
Bridgestone is folding up tyre plant in Italy
ZAVENTEM-headquartered Bridgestone Europe is closing down its passenger car tyre production facility in Bari, Italy within the first half of 2014. The Bari plant, fully owned by Bridgestone Italia S.p.A., is one of eight Europe-sited Bridgestone tyre plants. Bridgestone assured…
Tamil Nadu Tyre Dealers Association to join in Tyrexpo
THE Tamil Nadu Tyre Dealers Association (TNTDA) will be exhibiting at the upcoming Tyrexpo India to be held 9-11 July at the Chennai Trade Centre. This was announced by the show’s organiser, ECI International. In support of the tyre show,…
Eni faces millon euro penalties for cartel rap
AN additional EUR90.75 million (US$118.64 million) fine has been charged to Italian oil and gas firm Eni for its role in a 2006 synthetic rubber cartel case, according to EU antitrust regulators. Earlier, in 2006, the European Commission penalised Eni…