Malaysia, Thailand and Indonesia have agreed to implement the fifth Agreed Export Tonnage Scheme (AETS) beginning tomorrow (Friday). In a statement, the International Tripartite Rubber Council (ITRC) said under the scheme, the three ITRC member countries would restrict exports of…
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Shares of Malaysian glove makers take a tumble due to looming gas price hike
Shares in Malaysian rubber glove makers have seen a dip after the government announced it will increase natural gas price by 22.9%. Shares in Supermax Corp Bhd dipped as much as 5.26% or 10 sen to RM1.80, before recouping slightly…
Halcyon Agri Corporation buying four Indonesian crumb rubber factories for US$105.3 million cash.
Natural rubber supplier Halcyon Agri Corporation is buying four Indonesian crumb rubber factories for S$105.3 million in cash. The group said that a memorandum of agreement it entered into on Dec 5 with the vendors – Liauw Chiang Sioe and…
Quang Tri inks rubber plantation contract with Laos
Quang Tri Rubber Company under the Vietnam Rubber Group (VRG) has inked a land leasing contract with the Lao Government for a rubber plantation and a rubber processing plant in Laos’ southern province of Salavan. Speaking at the signing ceremony…
India’s natural rubber sees “grim” outlook
Tyre makers in India have termed as “grim” the continuing shortfall of natural rubber in the domestic market. They said the industry is being forced to import natural rubber, which is driving up costs amid the ongoing peak season in…
Orion Engineered Carbons introduces new specialty carbon black production line in Korea
Orion Engineered Carbons, a worldwide supplier of specialty and high-performance Carbon Black, announced today that it has completed construction of a new Carbon Black production line at its plant in Yeosu, South Korea, to produce specialty products. The line started…
KraussMaffei Berstorff presents Compound Rework system 1000
KraussMaffei Berstorff will showcase its new Compound Rework system 1000 (CRS 1000) in hall 21, booth 8030 at the TireExpo 2018 in Hannover from 20 to 22 February 2018. This innovative solution is designed for processing scrap material generated during…
Freudenberg’s new high-temperature, Fluorinated rubber offers great sealability
Freudenberg-NOK Sealing Technologies, a global leader in the development of engineered elastomers, has introduced a new family of proprietary fluorinated rubber to meet static seal challenges. The materials offer excellent sealing capabilities under very high temperatures and pressures, ease installation…
AkzoNobel to expand colloidal silica capacity in Sweden
AkzoNobel’s Specialty Chemicals business is investing more than EUR4 million to increase production capacity in Sweden for its Levasil CC-branded product line of patented surface modified colloidal silica. The expansion will help meet growing customer demand and will strengthen the company’s…
Volkswagen gets 7 years prison time and fine in diesel emissions scandal
A U.S.-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined US$400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much…