China’s slow demand for cars and vehicles, in the light of a cash crunch and limited access to financing, has caused a stir amongst auto dealers, according to a local automobile association.
Category: Top News
RP tyre market could be worth US$2.8 billion by 2018 – report
Car ownership in the country is expected to increase in the near future given that the Philippine government is taking several initiatives such as easy availability of loans and promoting growth of rubber production that could also encourage the growth of the tyre market.
Continental tyres are almost half non-oil based, says unit head
Dr. Boris Mergell, Head of Material and Process Engineering for Continental tyres commented that achieving “green tyres” is not simple as “Not all raw materials in tyres can simply be replaced by renewable materials. “
Weak demand, surplus of rubber saddle Asian butadiene prices
Reports say that demand from tyre makers was weak, especially in China, resulting in a buildup of overall domestic rubber stocks.
Lanxess realigns rubber chemicals production network
The German speciality chemicals firm is streamlining its plant network and portfolio for its Rubber Chemicals business unit. At the core is the bundling of production processes for vulcanisation accelerators, which are used primarily in the tyre industry.
NR producing triad gears up for a regional rubber market
The three NR producing countries account for nearly 65% of the global NR output. Despite of this clout, the council has not established a futures market that can provide basic price discovery and hedging functions, and thereby has to rely on third party exchanges.
Global rubber revenue to reach US$56 billion in 2020 – Ceresana
Rubber products have been an integral part of everyday products and are indispensable in the industrial sector. There are various application areas for different types of rubber that cover segments like tyres, shoe soles as well as dampening and insulating elements.
Gloves paired with outbreaks of diseases
The market share for gloves has increased , with sales going up in the wake of a new strain of the H9N7 avian flu outbreak in China, reviving fears among the public of a new epidemic , only a decade after the SARS outbreak.
Lanxess: Auto market remains challenging
Shares in the firm dropped to a two-month low as the company said it was mired in weak car markets that showed no sign of recovery.
Performance Additives focuses on renewable technology
The firm’s CEO Michael E. Wolers says that the company is committed and always pushing for Green Packaging and Recycling.