Category: Industry News

NR price on downward trend; growth expected for demand

The global market produced about 1.435 million tonnes of natural rubber (NR) during October 2022, according to Kuala Lumpur-headquartered Association of Natural Rubber Producing Countries (ANRPC) in its monthly report. It adds that about 87% of the production is attributed…

Kumho/Technip to produce recycled styrene-based rubber for tyres

South Korean chemical firm Kumho Petrochemical has entered into a memorandum of understanding (MOU) with French engineering service provider Technip Energies to work on waste polystyrene pyrolysis and recycled styrene monomers (RSM). An eco-friendly raw material obtained through thermal decomposition…

Trelleborg acquires automotive boots supplier in India

Polymer supplier Trelleborg Group has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire an operation specialising in automotive boots for the fast-growing Indian light vehicles market. The operation is part of the India-based privately owned company…

Marangoni sets up franchisee in North India

Italian retreading specialist Marangoni Group, that started its franchising operations in India in mid-2018, has established what it says is its first exclusive franchisee in North India. The business, Manoj Tyres, an existing retreader at Kanpur, one of the largest…

Hainan Rubber to acquire stake in Halcyon Agri

China Hainan Rubber, a state-owned holding company in China listed on the Shanghai Stock Exchange, has made a cash offer to acquire 574.2 million shares in the capital of Singapore-listed Halcyon Agri Corporation for approximately US$180.9 million. The number of shares…