The research house CIMB has downgraded the stock of Kossan Rubber Industries Bhd after the Malaysian glovemaker ran into teething problems during its expansion plans. The research house downgraded the stock to a “hold” from “add” with a lower target…
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Global disposable medical gloves market predicted to hit US$5,994 million by 2023 – report
According to a new report published by Allied Market Research, the global disposable medical gloves market was valued at US$3,819 million in 2016, and is projected to reach US$5,994 million by 2023, growing at a CAGR of 6.9% from 2017 to 2023. In 2016, the…
Polyisoprene rubber market to grow at a CAGR of 7.29% from 2018 to 2022 – report
According to the Global Polyisoprene Rubber Market 2018-2022, the global polyisoprene rubber market is predicted to grow at a CAGR of 7.29% during the period of 2018-2022. One trend in the market is rising demand for biomass-derived IR. The use…
Rubber, tyres and conveyor belts among goods affected by further tariff by the Trump administration
The Trump administration recently released a list of about 1,300 goods from China which they might impose a further 25% import duty on. The goods include tyres, conveyor belts and some types of rubber. These tariffs are part of the…
This smart technology by Continental monitors the pressure of tyres
Tyre manufacturer Continental has introduced a new technology called ContiConnect. ContiConnect monitors the tyre pressure of commercial fleets and signal if tyre pressure deviates from the defined value. “ContiConnect is the starting point for Continental to become a profound partner…
Avon Rubber sells US business for US$9.25 million
Avon Rubber, which produces rubber-based products for the manufacturing sector, has sold a US-based subsidiary for a total cash consideration of US$9.25m (£6.57m). Avon Engineering Fabrications (AEF), which manufactures hovercraft skirt and bulk liquid storage tanks, has been sold to…
Toyoda Gosei to strengthen business in China by making rubber automotive parts company a subsidiary
Toyoda Gosei Co., Ltd, a specialty manufacturer of rubber automotive parts and LEDs, is set to strengthen its business in China by making Tianjin Star Light Rubber and Plastic Co., Ltd., a wholly-owned subsidiary in April 2018. Tianjin Star Light…
Orion to add Specialty Carbon Blacks line in Italy
Orion Engineered Carbons S.A. a worldwide supplier of carbon black, will expand its production capacity at its facility in Ravenna, Italy. The company plans to construct a new specialty Carbon Black line that will provide additional Specialty Carbon Blacks to…
India hit by low natural rubber output
Despite rising consumption, Indian natural rubber production is likely to be 1 lakh tonnes short of the Rubber Board projected figure of 8 lakh tonnes for 2017-18. For 11 months to February 2018, the production clocked 6.49 lakh tonnes, just…
Philippines identify suitable area for planting rubber
A study conducted by the College of Forestry and Natural Resources and Institute of Renewable and Natural Resources of the University of the Philippines Los Baños has found that the province of Compostela Valley have high potential areas for planting…