Affin Hwang Capital (Affin Hwang), a Malaysian-based investment banking group, has suggested that the weak demand for gloves from Malaysia was because of increased Chinese glove imports into the US, and highlighted a few challenges that has limited local glove…
Thailand’s Department of Trade Negotiations (DTN), Ministry of Commerce, has announced that the country has become the world’s largest rubber exporter, thanks to its free trade agreements (FTA) with China and many other countries including Southeast Asia, Japan, South Korea,…
Malaysia’s Petronas Chemicals Group Berhad (PCG) has completed the acquisition of Da Vinci Group B.V. (Da Vinci), widely known as BRB, after fulfilling the conditions required in the share purchase agreement to complete the acquisition of 100% of the shares…
Toyoda Gosei (TG), a Japanese auto parts manufacturer, has recently invested some US$463,000 (JPY50 million) in Japanese AI startup Tryeting, which specialises in the rapid development of materials using artificial intelligence (AI). Nagoya University’s Tryeting provides an AI platform that…
US extrusion company Davis-Standard will be among more than 200 companies at the upcoming Rubber Expo, to be held October 7-10, in Cleveland, Ohio, US. At its booth, it will promote extrusion equipment, feedscrews and controls as well as the…
Chinese tyre maker Qingdao Doublestar is to start up a car/truck tyre plant in Algeria, in a joint venture project with local investors El Hadj Larbi Pneumatiques. The Doublestar Group will invest about US$5 million into the project, while the…
Sri Lanka-based specialty tyre manufacturer Global Rubber Industries (GRI) has recently acquired northern European materials distributor Nortire Group. The acquisition of Nortire, headquartered in Estonia, will facilitate GRI’s expansion into the northern European tyre market and expand GRI’s global tyre…
French tyre maker Michelin will provide custom-designed Scorcher Sport tyres to the first all-electric Harley-Davidson motorcycle, the LiveWire. Co-developed and co-branded with the American motor company, the Scorcher Sport tyres are to spearhead a planned portfolio of electric two-wheelers that…
Thailand’s rubber farmers, who have sold their rubber at loss for the last five years, are to be assisted under the new project by the Ministry of Agriculture and Cooperatives – a price guarantee project. According to its Minister Chalermchai…
French components manufacturer Hutchinson SA has finalised the acquisition of a 60% stake in Thermal Control Systems Automotive (TCSA) from German automotive supplier Mann+Hummel. TCSA is now a joint venture between the two companies, dedicated to thermal management and cooling…