One of India’s leading two- and three-wheeler tyre maker, TVS Srichakra, recently launched Protorq, the company’s two-wheeler radial tyres meant for premium bikes. TVS Srichakra joins the list of a few other India tyre companies like MRF and Ceat that…
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Apollo Tyres investing Rs27bn to double bus and truck radial tyre production
Apollo Tyres chairman Onkar Kanwar said that the company is investing about Rs27 billion to double the manufacturing capacity of its bus and truck radial tyres. The expansion of the company’s facility in Chennai, India to increase the truck-bus radial…
Sumitomo to double tyre production in US factory with US$87 mn investment
Sumitomo Rubber Industries, Ltd. recently announced its plans to increase passenger car and light truck tyre production capacity in its US factory, located in Tonawanda, New York, from the current 5,000 tyre units per day to 10,000 tyre units per…
Trinseo to divest Brazil automotive-plastics, latex businesses
Trinseo recently announced its plans to sell its latex and automotive-plastics businesses in Brazil to a local company. According to CEO Chris Pappas, the deal should be closed by the fourth quarter of the year. Pappas stressed that the decision…
US ITC probes synthetic rubber imports from four countries
The US International Trade Commission launched a probe into the imports of synthetic rubber used in tyres and other automotive components from Brazil, Mexico, Poland and South Korea. This is to determine whether the dumping of the products injured domestic…
Global aerospace tyre industry to grow at 3.9% CAGR until 2021, says report
According to a new market report by Research and Markets, the future of the global aerospace tyre industry is looking positive with opportunities in the commercial, regional aircraft, general aviation, helicopter and military aircraft segments. It is expected to grow…
Dandelions with natural rubber being grown by scientists
A new strain of dandelions with natural rubber in its roots has been developed by scientists at the Ohio State University. They are continuously improving the weed for a faster and more efficient production process so it can be a…
Medical grade silicone market to hit US$7.23 bn at 9.4% CAGR by 2021
The medical grade silicone market size is projected to reach US$7.23 billion by 2021, growing at a CAGR of 9.4% during the forecast period, said a report published by Markets and Markets. According to “Medical Grade Silicone Market by Product…
Cambodia’s rubber export tax revision being urged by investors
Rubber industry investors in Cambodia are calling on the government to revise rubber export taxes as they face falling natural rubber prices, decreasing demand, and global economic slowdown. Hean Mean Investment Co. chairman, Lim Heng, asks for consideration to bring…
ANRPC: Natural rubber demand outlook in 2016 remains weak
According to the July report of the Association of Natural Rubber Producing Countries (ANRPC), there is a weak possibility of natural rubber (NR) demand gaining strength in 2016 or 2017. The ANRPC accounts for 90% of the world’s NR supply.…