SYNTHETIC rubber profiles manufacturer, International Rubber Company [IRC], is eying a 15% year-on-year sales growth, as demand for rubber insulation products in the region in lieu of the booming construction industry im the Gulf. To achieve this, the firm says…
Category: Industry News
Rubber rebounds on strengthening China, weakened yen
Rubber returns at the highest level after Japan’s currency slid and China’s output increases. According to customs agency, natural rubber imports by China were 190,000 tonnes in October. Bloomberg data showed that volume increased from 179,921 tonnes in September and…
Rubber exports dropped by 59% in October
Due to decline in domestic production, natural rubber export dropped by 59% to 480 tonnes in October this year in oppose to its 1,145 tonnes from same month last year. Total exports of rubber during April-October period in current year…
First India rubber meet slated in 2014
India Meet 2014 will launch its first episode on the 20th and 21st of February 2014 at the Le Meridien Convention Centre, Kochi, Kerala. Arrangements are in progress for the India Rubber Meet – 2014 (IRM-2014) organized by all the…
Bond and Infinity taking the floor at Brityrex 2014
LEADING independent wholesaler Bond International and its portfolio tyre brand, Infinity, are jointly taking up space at the UK’s upcoming major tyre and equipment exhibition to be held 7 to 9 October, 2014 at EventCity, Manchester. Oreganised by ECI-Intrenational, Brityrex…
Yokohama debuting tyre grip concept at upcoming exhibit
YOKOHAMA Rubber Concept of “The Science of Tyre Grip Performance” at an upcoming motor show in Tokyo in late November. The company will also introduce its latest technologies, advanced technological capabilities and its corporate stance of seeking ever higher grip…
Lanxess to produce new EPDM grades in China
German speciality chemicals firm Lanxess, which is the world’s largest producer of EPDM, is progressing according to plan with the construction of its world-scale EPDM plant in Changzhou (Jiangsu Province), China. It is investing EUR 235 million in the plant…
Lanxess to axe 1,000 jobs by 2015; mulling sale of rubber chemicals and NBR
Against the backdrop of weak demand from the automotive industry, Germany-based speciality chemicals firm Lanxess, which is facing what it says is a “temporary weakness in demand for its synthetic rubber”, is aiming to cut costs by EUR100 million per…
Sale of two Cooper Tire plants to India’s Apollo Tyres delayed
An American arbitrator has said that Cooper Tire and Rubber Co. cannot sell two of its factories in the country to India’s Apollo Tyres until a collective bargaining agreement is reached between Apollo and members of the plants’ union. The…
Hankook to build proving R&D tyre centre
South Korean Hankook Tire plans to build a R&D centre in Sangju City with an investment of KRW240 million until 2020 for the construction of a top-tier proving ground. Covering a total area of 132 ha, it will be the…