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…
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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…
Thailand to export 240,000 rubber pillows to China annually
Thailand is expected to export 240, 000 of its rubber pillows to China annually. Thailand’s rubber pillows are made by rubber planters under the Network of Rubber Planters Institutes of Thailand, said Suphat Eawchai, the official attached to the Ministry…
Kumho Tire separates from Kumho Asiana
Against the backdrop of a company restructuring led by its creditors, South Korea’s Kumho Tire has officially parted from Kumho Asiana Group, according to the company. On 28 December, Kumho Tire announced that the company became independent from the Kumho…
Malaysian rubber market extends uptrend at close
Malaysian rubber market extended its uptrend to today, bolstered by firmer leads from regional rubber futures markets and as benchmark oil prices surged to a more than 2 -year high yesterday, a dealer said. The dealer said the positive sentiment…
EU’s resolution affects 650,000 palm oil smallholders in Malaysia
The European Union’s decision to ban the import of palm oil from Malaysia is seen as threatening the future of 650,000 smallholders in the industry apart from its negative impact to the country’s economy. Malaysian Palm Oil Board chairman Datuk…
Malaysia, Thailand and Indonesia with holding exports of 350,000 tonnes of natural rubber
Malaysia, Thailand and Indonesia have committed to withhold exports of 350,000 tonnes of natural rubber (NR) under the implementation of the Agreed Export Tonnage Scheme (AETS) with immediate effect until March 31, 2018. The International Rubber Consortium Ltd (IRCo), in…
Chinese tyre giant to build a US$580 million plant in North Carolina
Weihai, a China-based maker of tyres for passenger vehicles, trucks and buses and heavy equipment, is set to build a US$580 million tyre plant in North Carolina. The factory is expected to employ 800 and produce six million tyres a…