The state is preparing to pump in over US$20 million to breathe life into the defunct General Tyre East Africa, whose production lines stalled in 2009 due to, among other factors, importation of cheap tyres. Industry and Trade Minister Dr…
Solvay to construct silica plant in South Korea; 800 ktonnes
Brussels-headquartered Solvay today launched the construction of its Highly Dispersible Silica (HDS) production plant in Gunsan, South Korea, to address growing demand in Asia for energy saving tyres and to develop innovative HDS grades. In the presence of the Head…
Chinese dumping hurting Indian tyre makers
With the US imposing anti-dumping duty on Chinese tyres, imports of such tyres into India has surged over the past several months, adding to pressure on Indian tyre makers. At a basic custom duty of just 10%, Chinese tyres have…
Introducing guayule
Guayule is an little-known desert shrub, largely unremarkable except for one thing: It’s full of latex. That’s right, the stuff used to make rubber. Big tyre manufacturers like Bridgestone are now betting on guayule as the next big thing. But…
Goodyear to Build Tyre Factory in San Luis Potosi, Mexico
The Goodyear Tire & Rubber Company today announced it will build a new tyre factory in San Luis Potosi, Mexico to serve its customers in the Americas. Goodyear Chairman and Chief Executive Officer Richard J. Kramer made the announcement here…
Tokyo futures rise in thin trade as oil prices climb
Benchmark TOCOM rubber futures inched up on Monday, helped by higher oil and metals prices at the end of last week, but trade was thin as investors looked for clues on the economic outlook in top buyer China and plans…
India’s rubber import reaches all-time high
India’s rubber imports touched an all-time high of 415,000 tonnes in 2014-15 owing to lower international prices and fall in domestic production. In the previous fiscal 2013-14, the rubber imports stood at 360,000 tonnes, which was also the highest ever…
Tyremakers oppose demand to hike import duty
Rubber consuming industries have opposed any move to raise import duties on natural rubber and contested Kerala Finance Minister KM Mani’s figures on production-consumption gap. Gap much higher The industries say that the gap between domestic production and consumption of…
Dow Corning Receives Pinnacle Award from Delphi
Dow Corning today received the 2014 Pinnacle Award from Delphi Automotive PLC – its most prestigious supplier honor – during its Global Supplier Conference & Pinnacle Awards event in Shanghai, China. The award recognized Dow Corning for its contribution to Delphi’s Excellence…
Royal Holdings, Inc. acquires Chemical Innovations Limited
Based in Preston, UK, CIL is a leading developer and manufacturer of high performance rubber to metal, rubber to plastic, rubber to fabric and rubber to glass bonding adhesives for high performance automotive and industrial applications, including anti-vibration, hoses and…