Ownership of the ChemChina Petrochemical Corporation (CCPC) and work together in the Far-East Russian petrol company Rosneft and China National Chemical Corporation (ChemChina) agreed to share Petrochemical Company (FEPCO). The documents were signed by the Chairman of Rosneft Management Board…
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Medical: Flexible artificial muscles from liquid crystal elastomers
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Rubber is one of the worst performing commodities
The past few months have seen a steady slump in rubber prices—making the commodity one of the worst performers of the year, according to Commodity Online. Tokyo rubber futures, for example have sunk 27% to a six-year low at…
Rubber Assembly proposes a common trading platform
Creating a common trading platform may be a way to strengthen rubber prices, according to Sheela Thomas, Association of Natural Rubber Producing Countries Assembly (ANRPC) Secretary-General. ANRPC’s ministerial level meeting was held at Kuala Lumpur and the deliberations based on…
Tyre e-commerce grows in Europe
Tyre manufacturers in Europe are turning to electronic retailing (eRetail), or selling tyres through the internet. Currently, tyre eRetail accounts for nearly 8% of the total tyre aftermarket in Europe. This figure will continue to rise as tyre manufacturers…
Demand for synthetic rubber type to reach 500mt in 2020
The increasing demand from end user industries (such as automotive, electrical, latex, adhesives, and construction) the global neoprene market is expected to reach 500 metric tons by the year 2020, according to a recent study by ReportBuyer. Neoprene is a…
Kumho Tire launches new app
Kumho Tire USA announced the release of the all-new Kumho Tire Product App, built to access the company’s entire product selection. The Kumho Tire Product App is free and available at the Apple Store for iPad users. The app includes…
Lanxess/Saudi Aramco synthetic rubber jv; EUR2.75 bn value
German speciality chemicals company Lanxess, the world’s largest producer of synthetic rubber, and Saudi Aramco, the world’s largest oil/energy producer, plan to establish a joint venture for synthetic rubber. Lanxess and Saudi Aramco subsidiary, Aramco Overseas Company, will each hold…
Nexen Tire breaks ground in Czech Republic plant
Nexen Tire Corp. plans to break ground on its US$1.1 billion tire plant in Žatec, Czech Republic on October 1. The South Korean tire maker disclosed the details about the plant in the IAA Frankfurt Motor Show. The plant should…
Tyre crumb mixture protects against earthquakes
Researchers from the Indian Institute of Science (IISc) are using tyre crumbs to protect buildings from earthquakes. A mixture of 75% tyre crumb and 25% sand should be placed below and around a building foundation to help resist the effects…
Tyre prices should be lower, said Kuala Lumpur agency
Despite the falling prices of rubber, tyre prices remain unaffected. That is why the Kuala Lumpur Consumers Safety Association (PKP) urges manufacturers, distributors and dealers of tyres and petroleum related products. PKP therefore urged the Ministry of Domestic Trade, Cooperatives…