Korean Hankook Tire Group will undergo a name change to Hankook Technology Group in the advent of the fourth industrial revolution. The tyre manufacturer’s holding companies and affiliates hopes to together reflect a unified, global brand that will strengthen future…
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MOL funds new US$10m rubber-bitumen plant in Hungary
Hungarian energy and chemicals company MOL is set to invest about US$10.3 million in the construction of new rubber-bitumen plant situated in Zalaegerszeg, western Hungary. The new plant is expected to start production next year, with a capacity of 20kilotonnes…
Pyrolyx to add second US rCB plant
The relocation process is underway as German recovered carbon black (rCB) producer Pyrolyx has begun planning of its second US plant in Indiana, on land adjacent to the first plant currently under construction. Its first US tyre pyrolysis unit has…
Future fleet vehicles subject to changing mobility trends
In the automotive industry, several changes and disruptions are estimated, according to Kumar Saha, Frost & Sullivan Director of Mobility for market researchers, addressing an audience at the Automotive Aftermarket Products Expo (AAPEX) in late 2018. Saha has said that…
Indonesia, Thailand, Malaysia ally to address falling rubber prices
Indonesia is among the biggest producers of rubber next to Thailand, Malaysia and China; however, Indonesian rubber farmers have been hit by low prices since late 2018, prompting the government to find ways to stabilise rubber pricesby forging cooperation with…
China’s Doublestar to acquire Shandong Hengyu Tech in US$134 million deal
Chinese game-player Qingdao Doublestar Group plans to acquire fellow Chinese tyre-maker Shandong Hengyu Technology Group for US$134 million (CNY899 million) in a careful expansion and capacity optimisation plan in 2019. Dongying City, Shandong-based Hengyu Technology Group – also known as…
Brazil compensates NR demand with Latin American imports
Brazil eyes the Latin American region as source of natural rubber (NR) to meet its increasing demand for the commodity, according to a study. The Association of Natural Rubber Producers in Brazil (ABRABOR) Executive Director, Diogo Esperante said in his…
Bridgestone to build racing tyre plant in US
Bridgestone Americas announced its plan to build a plant for Firestone race tyres in Akron, Ohio at an event in Indianapolis that featured racing legend Mario Andretti, and veteran IndyCar driver and team owner Ed Carpenter. The construction of the…
Uptake in motorcycle tyres globally expected over the next four years
The demand for motorcycle tyres around the world is expected to rise 4% every year till 2022, at an estimated 704 million units valued at about US$14 billion. The advances in motorcycle tyres will see it overtaking the global tyre…
Synthomer ups NBR capacity in Malaysia; demand from glove sector growing
UK-headquartered materials company Synthomer has started up its RM270 million nitrile latex expansion at its Pasir Gudang facility in the southern state of Johor in Malaysia. The company has added on 90,000 tonnes/year of new capacity, which is a 50%…