Malaysian rubber processor Seng Fong Holdings Berhad, which is also trading Standard Malaysia Rubber (SMR) and premium grade block rubber, says that it has entered into an underwriting agreement with Hong Leong Investment Bank Berhad (HLIB) for its upcoming initial…
Category: Industry News
Wacker earmarks EUR100 mn for capacity increase of silicone rubber
To meet growing demand for silicone rubber, German firm Wacker Chemie AG is accelerating the expansion of its production capacities. Investment projects to this end are either in the planning stage or are nearing completion. Significant capacity expansions for liquid silicone rubber (LSR)…
Nynas to focus on European markets
Chemical firm Nynas says it is now taking strategic steps to strengthen its competitiveness in core markets. It will create a business footprint focusing on customers in the naphthenics and bitumen market in Europe, and significantly improve efficiency to deliver a competitive customer experience. Furthermore,…
Tatneft sells tyre business
Russian petchem giant PJSC Tatneft says it has sold the tyre business of Tatneft Group, which it has owned for 20 years, to AO Tatneftekhiminvest-holding, which is not a member of Tatneft Group, due to the current situation. Terms were not disclosed The transaction…
Nynas reorganises; sales in Asia from Singapore
Chemical firm Nynas is taking strategic steps to strengthen its competitiveness in core markets. Nynas says it will create a business footprint focusing on customers in the naphthenics and bitumen market in Europe, and significantly improve efficiency to deliver a competitive customer experience.…
Pyrum expands waste recycling plant with pelletiser
End-of-life tyre recycler Pyrum Innovations has started test operation of its new pelletiser at its plant site in Dillingen, Germany. The pelletiser enables the recovered carbon black (rCB) obtained by means of the pyrolysis process to be bonded into pellets,…
ICDX partners with Helixtap for Indonesian rubber contracts
Helixtap Technologies, the pioneer of AI-driven price and market intelligence for the rubber industry, is partnering with ICDX, the Indonesia Commodity and Derivatives Exchange, to create an exchange-traded rubber product. The partnership will address the growing need for improved capital…
Origin Materials and Mitsubishi Chemical to develop carbon-negative materials for tyres
Origin Materials, Inc, a US-based carbon negative materials company, and Mitsubishi Chemical Holdings Group (MCHG), Japan’s diversified chemicals and advanced materials producer, have entered a partnership to develop advanced chemicals and materials built on Origin Materials’ patented technology platform. As…
Seng Fong gets green light for listing on Malaysia’s main market
Seng Fong Holdings Bhd, a rubber processor producing and trading Standard Malaysia Rubber (SMR) and premium grade block rubber, via its subsidiaries, says that is has obtained the approval of the Securities Commission Malaysia (SC) to list on the Main Market of…
Bridgestone partners with LanzaTech to pursue tyre recycling
Bridgestone Americas is in an exclusive partnership with Carbon Capture and Transformation (CCT) company, LanzaTech NZ, Inc. to address end-of-life tyre waste. The two companies will co-develop the first dedicated end-of-life tyre recycling process leveraging LanzaTech’s proprietary CCT technology, creating…