China’s Hainan Rubber Group signed a memorandum recently to set up an investment vehicle to develop projects in natural rubber and other related sectors in Africa. Such investment will have a special focus on the Community of Portuguese Language Countries in Africa, Hainan Rubber said.…
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Vietnam Rubber Group targets raising US$273 million in Feb IPO
State-owned Vietnam Rubber Group (VRG) will offer 475.1 million shares, equivalent to nearly 25 % of its charter capital, for sale in its initial public offering (IPO) scheduled for February. With the starting price set at US$0.59 apiece, VRG expects…
Henniges Automotive launches new plant in China
Henniges Automotive, a leading global supplier of highly engineered sealing and anti-vibration systems for the automotive market, has opened a new, scalable 79,500 square-foot (7,391 square-meter) facility in Suzhou, China. The plant is located in the Taicang Port Economic and Technological…
ISRI applauds CSG Resolution recognizing importance of science-based evidence in evaluating recycled rubber infill
The Institute of Scrap Recycling Industries (ISRI) applauded the Council of State Governments’ (CSG) unanimous approval of a resolution noting that scientific evidence should be paramount when assessing recycled rubber play surfaces. The resolution was presented to the CSG Energy…
Despite volatile prices, Cambodian rubber exports rise by 37 %
Shipments of Cambodian rubber abroad increased by nearly 36 % in 2017, amounting to 190,000 tonnes, a senior official at the general directorate of rubber announced recently. Pol Sopha, the director-general of the general directorate of rubber at the Ministry…
Doublestar breaks ground on world’s first base for recycling of waste rubber
Chinese tyre company Doublestar recently launched the first green recycling of waste rubber “Industry 4.0” smart model base in the world. The launch was held in industrial area of Runan County, Henan Province. The beginning of this project is expected…
Continental invests in EUR10 million distribution centre in Germany
Technology company Continental wants to commission a new, cutting-edge distribution center near to the Hanover-Langenhagen airport at the end of 2018. It will invest more than EUR10 million in equipment and machinery. The aim is for drive belts and surface…
Synthomer sells Leuna site to Alberdingk Boley
Synthomer plc, a speciality chemicals company, has sold its Leuna site in Germany to Alberdingk Boley Gmbh for an undisclosed price. The site will continue to manufacture products for Synthomer for an initial period prior to transferring the manufacture of product to…
2017 year in review: sad news for the Indian rubber market
The year 2017 saw several disappointments. Industry troubles such as price crash and production loss due to climate change continued to haunt the 10-lakh odd growers especially in the small and medium segment. Prices hovered at 120-130/kg for the RSS-4…
Synthetic rubber market expected to reach US$37.8 billion by 2022
The synthetic rubber market is expected to reach US$37.82 billion by 2022, registering a CAGR of 5.5% between 2017 and 2022. Synthetic rubber is mostly produced from crude oil and natural gas, by the polymerization of monomers. Although used in…