Category: Uncategorized

Rough day to be in rubber

IN trading on Thursday, rubber plastics stocks were relative laggards, down on the day by about 0.5%. Helping drag down the group were shares of Fuwei Films Holdings Limited , off about 7.5% and shares of Spartech off about 1.7%…

Apollo Tyres shares get ‘buy’ rating

AS per media reports, tyremaker Michelin announced a 12% increase in truck tyre prices in Africa and India. Apollo Tyres is present in both these geographies. As per an article in Rubber World, Yokohama Tire raised truck tyre prices by…

Maine sells pneumatic tyre unit

As part of its global restructuring plan, US-based Maine Industrial Tire has sold its China-based pneumatic tyre manufacturing assets to Trelleborg Wheel Systems. Maine Tire will continue to operate and retain ownership over the solid tyre portion of the Hebei…

New NBR grade

China-based WestMoonint has added a crosslink powdered acrylonitrile butadiene rubber (NBR) products line for automotive brake making, the cable and wire industry and seal applications. The company will also launch other types of nitrile rubber soon, such as cold/hot and…

Sabic/ExxonMobil rubber facility in Middle East

Sabic and ExxonMobil Chemical have selected Al-Jubail, Saudi Arabia, as the location of a new joint venture plant that will produce 400 kilotonnes/year of EPDM/TPE, TPO, butyl rubber, SBR/PBR and carbon black to serve markets in Asia and the Middle…