COOPER Tire & Rubber’s US$2.3 billion acquisition efforts for Indian firm Apollo Tyres has yet stumbled upon another legal setback, paving the way for Apollo to walk away from the deal. In a recent development, the Delaware Supreme Court had…
Category: World News
Europe, Australia, Americas, Africa rubber news
Lanxess celebrates 50th year of butyl production in Zwijndrecht
GERMAN specialty chemicals company Lanxess, led by Board Member Rainier van Roessel, has recently rounded off its activities in commemoration of the 5oth year in Butyl production of its Zwijndrecht, Belgium plant. Half a century after the production start in…
New Hampshire rubber plant named hazardous by EPA
The Environmental Protection Agency (EPA) has added a former rubber plant located at Farmington, New Hampshire to the Superfund list of hazardous waste sites. The Superfund investigates and cleans up identified hazardous waste sites across the US. The 123-acre site…
Krone cites Mitas as ‘best supplier’
Krone Holding GmbH cited tyre manufacturer Mitas as its best supplier in the “delivery of tyres” during a ceremonial event held in September in Germany. “Mitas won the award in a strong competition of six major tyre manufacturers,” said Gerhard…
Elasto Proxy holds inventory of over 700 rubber profiles
Elasto Proxy, supplier of specialty sealing solutions, is declaring its holding of over 700 rubber profiles in stock. The custom fabricator of gaskets, thermal and acoustic insulation, EMI shielding, and other rubber parts delivers high-value, low-volume rubber components to a…
IMF’s lower global rubber outlook hits rubber demand
ACCORDING to a report from Bloomberg, rubber retreated from a one-week high after the International Monetary Fund (IMF) cuts its global growth outlook for this year and next, raising concern that demand for rubber used in tyres may weaken. The…
Cooper demands Apollo to expedite closing of merger deal
COOPER Tire & Rubber Company lodged an appeal to the Delaware Chancery Court, seeking to require Apollo to expedite closing of the pending merger agreement between it and the latter firm, as per the terms of the definitive merger agreement.…
US government shutdown weighs down on rubber
Several US government agencies have shutdown after lawmakers failed to reach an agreement on the fiscal year budget. The deadlock, experts speculate, could weaken the demand for the commodity.
EU court rejects Dow, Dupont final appeal on cartel penalty
DOW Chemical and DuPont are reportedly on the losing end of the EU fine appeal to the top court to overturn the latter’s decisions and fines in relation to the synthetic rubber price fixing. The EU Court of Justice in…
USC names Continental as official tyre
THE University of Southern California (USC) Athletics Department and Continental Tire has closed a multi-year agreement that names Continental Tire the “Official Tyre of USC Athletics.” The agreement was facilitated by USC Sports Properties, the FOX-owned sales entity that manages…