Eni SpA (ENI) and its subsidiary Polimeri Europa, now Versalis S.p.A, have appealed to the court to cut the EUR181.5 million fine for conniving with other companies to fix prices of synthetic rubber. In 2011, a lower court reduced Eni’s EUR272.2 million to EUR181.5 million.
Category: Top News
China’s SR capacity reaches close to 4 million tonnes in 2012
Of the 23 SR producing companies, major players Sinopec and China National Petroleum Corp account for 59.5% of the country’s SR capacity.
Styron to downscale SB latex capacity in Europe
Due to declining demand in the European paper-coating market and current market conditions, the company sees the reduction vital to regain a healthy supply/demand balance.
Demand for nitrile rubber gloves to surge
Kenanga Research says that demand for rubber gloves, with incline towards the nitrile-based ones, will be pegged at an annual average of 10%.
Rubber prices likely to drop amidst inventory buildup
Rubber inventories in the warehouses monitored by the Shanghai Futures Exchange (SHFE) increased to 0.2% to 122137 tonnes.
Bridgestone takes giant steps in Asia
In this interview with Shinichi Sato, President, Bridgestone Asia Pacific (BSAP), PRA learns more about the company’s environmental mission, plans for new facilities and tyre products, R&D work and its handling of the lack of truck tyre sales in China.
Bridgestone study reveals lax in tyre maintenance amongst EU drivers
About 78% of vehicles were found to have underinflated tyres whilst over 25% had tyres that were worn beyond the legal limit.
Yokohama tops China OE tyre satisfaction index
According to the J.D. Power index study, the tyre maker has topped the overall satisfaction with 843 points, based on durability, handling and ride.
Rubber inventory surges to record levels in China
The expanding stockpiles allegedly signals the country’s easing demand for rubber at the wake of a slow economic growth.
India anticipates Import duty hike on rubber
Commerce and Industry Minister Anand Sharma has announced the increase after acknowledging what has been a “long-pending demand” of the Kerala government and its local cultivators for an import duty hike on rubber.