Natural rubber imports by India, the world’s third-biggest consumer, will surge to a record this year after monsoon rains cut production and as tiremakers increased purchases because of a decline in global costs. Shipments will probably climb 38 percent to…
Category: Investments
Wacker opens expanded Kolkata technical centre for silicones
THE MUNICH-based chemical company, Wacker, recently opened its expanded technical centre for silicone products, located at Amtala near Kolkata. Operated by the joint venture Wacker Metroark Chemicals, the regional centre now comprises state-of-the-art applications technology and test equipment for silicone…
Rubber separator maker Microporous goes independent
TENNESSEE-headquartered Microporous, a manufacturer and supplier of high performance rubber, polyethylene (PE) and hybrid battery separators, has been completely acquired by Seven Mile Capital Partners, making Microporous a fully independent company and will compete directly with the Daramic division of…
Indonesian palm oil producer expands into rubber
THIS YEAR< Indonesian palm oil producer PT Sampoerna Agro plans to cultivate up to 3,000 hectares of rubber, aside from planting up to 10,000 hectares of land for palm and 2,000 hectares for sago, according to a report by Reuters,…
Alaska Rubber acquires new sites in Washington
US hose and fittings supplier, Alaska Rubber Group has acquired five additional locations in Washington state. The Group, which consists of three locations within Alaska, namely, Anchorage, Fairbanks, and Wasilla, has bought the five additional locations that used to be…
Cooper moves on and away from merger deal with Apollo Tyres
US tyre maker Cooper Tire & Rubber Co recently announced that it has dropped out from the merger agreement it waxed in early June of 2013 with Indian tyre maker, Apollo. After a series of disputes over the US$2.5 billion…
Freudenberg clinches Ansell’s Marigold rubber gloves
GERMAN-owned Freudenberg Home and Cleaning Solutions (FHCS), has acquired glove maker Ansell’s Marigold household glove and cleaning products business, which reportedly posts annual sales of around EUR17 million. The deal entitles FHCS to own the global trademark rights for Marigold…
Rubberex quits glove business deal with Alliance Rubber
MALAYSIA-based Rubberex Corporation has recently cancelled a proposed corporate exercise involving the purchase of glove business for RM113mil from Alliance Rubber Products Sdn Bhd. Rubberex announced that the deal involving the acquisition of the glove business and all the production…
Rosneft waxes agreement for SBR venture in Armenia
RUSSIAN oil company , Rosneft, represented by its Chairman, Igor Sechin has met recently with Armenia’s President, Serzh Sargsyan for official discussions on the planned styrene-butadiene rubber (SBR) production joint venture in the country. Meanwhile, Rosneft; Pirelli Tyre Russia, and…
Mesnac and emFrontier to cooperate for IT and automation solutions
CHINESE tyre and machinery supplier, Mesnac recently signed Strategic Cooperation Agreement with emFrontier, a subsidiary of Hankook, in Qingdao for joint cooperation in the fields of IT solution, factory automation and logistics automation. emFrontier, the IT subsidiary of Hankook Tire,…