The Department of Environmental Health (DEH) says it welcomes local business efforts to take away the millions of tossed tyres at the George Town landfill. Dr. Maysson Sallam says government will likely have to issue a new tender if it…
Category: Industry News
Brenntag opens dedicated Rubber service facility in Italy
Brenntag, the global market leader in chemical distribution, has opened a new specialized Rubber service facility in Orbassano (Turin), a strategically ideal location close to the national automotive industry in Italy. In an international expanding Rubber industry, this new site…
Details of new Tire Cologne announced
Between May 29 and June 1 2018, a new exhibition aimed at the international tyre industry will take place in Germany. “The Tire Cologne”, as the show will be called, will be supported by current Reifen show main sponsor the…
Nitrile gloves continue to show better margins
GLOVE makers are continuing to ramp up production of nitrile gloves as they compete for market share in the high-margin product in order to satisfy European demand and offset the recent hike in energy prices. The “big four” glove makers…
SGX proposes changes to benchmark SICOM Rubber
Singapore Exchange (SGX) celebrates the 20th Anniversary of its global benchmark SICOM Rubber Futures this year, on the back of multiple records achieved in 2013. From production to trading, rubber had its roots firmly planted within Singapore from the early…
Rubber futures slip into bear market as China’s inventory rises
Rubber futures in Tokyo fell into a bear market as stockpiles in China swelled to a nine-year high, signaling weakening demand from the largest consumer of the commodity used in tires. Rubber for delivery in June on the Tokyo Commodity…
Hankook Tire’s operating profit up 14.6 pct in Q4
Hankook Tire Co., South Korea’s leading tyre maker, said Tuesday its fourth-quarter operating profit moved up 14.6 percent from a year earlier, helped by growth in sales of high-value added products. Operating profit, a key indicator of business performance, came…
Continental embarks on TPMS function production – Further development on the cards
The leading tyre maker, Continental Tyres, has declared that it has begun series production of a novel feature – ‘Filling Assistant’ – pertaining to its TPMS system. This new feature will ensure that tyres run only on correct pressure always,…
Rubber glove shares rise on bird flu, weaker ringgit
Shares of Malaysian rubber glove manufacturers rose as much as 3% on news of bird flu outbreaks in China and South Korea. Stocks like Supermax Corp Bhd, Kossan Rubber Industries Bhd and Hartalega Holdings Bhd have also gained as the…
Kerala mulls rubber procurement
Kerala plans to procure rubber from the open market to meet the demand from its production units, Chief Minister Oommen Chandy informed the state assembly Tuesday. Responding to a calling attention motion, Chandy told the assembly that fall in rubber…