Munich-based chemicals group WACKER has expanded its technical center in Moscow, Russia. Auguste Willems of WACKER’s Executive Board and Dr. Christian Hartel, head of WACKER SILICONES, dedicated the new service lab today in the presence of several customers. The facility…
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Mix of Q1 results for tyre industry
The first quarter of 2015 generated a mixed bag of results in sales and earnings for tyre makers. Continental A.G., Goodyear, Pirelli & C. S.p.A. and Yokohama Rubber Co. Ltd. reported jumps in earnings during the period ended March 31,…
Automotive Supplier Investing US$13 Million to Build Pulaski Plant
An automotive supplier is investing more than US$13 million to build a new manufacturing facility in Giles County that is expected to create 147 jobs. Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced this week that Proper Polymers…
Vietnam rubber market sees surge in exports
Exports of natural rubber have increased significantly according to the Ministry of Agriculture and Rural Development. In the first four months of 2015, the export volume for natural rubber hit 259,000 tonnes, up by 37.7 % compared to the same…
Malaysian rubber market ends higher
The Malaysian rubber market closed higher today, supported by the crude oil price increase and positive sentiment from the Tokyo Commodity Exchange (Tocom) futures market. “Oil prices jumped more than two % on Thursday and boosted optimism that a supply…
Energy-generating rubber combines flexibility and high-output
Ricoh has announced that it has created a novel flexible material “Energy-Generating Rubber” that converts pressure and vibration into electric energy with high efficiency. Currently, piezoelectric materials, which generate electricity with mechanical strain, are drawing attention as energy-harvesting materials. Major…
Pirelli sees rise in net income
Pirelli & C. S.p.A. reported increased operating and net income for the quarter that ended March 31 on 6.5 % higher sales, with the consumer business outperforming the commercial business. Operating earnings rose 4.5 % to US$236.9 million while net…
Repsol and Grupo Kuo expand their current joint venture
Repsol and the Mexican company, Grupo Kuo, reached an agreement to extend their current joint venture, Dynasol, which will become a leading player in the synthetic rubber market. It will be among the world’s top 10 companies in that sector.…
JyTech expanding TPV compounding in N.A.
JyTech Polymers Inc. plans to install a custom compounding line for thermoplastic vulcanizates at Buckeye Polymers’ plant in Lodi, Ohio. The line will use Buckeye’s post-consumer polypropylene, a feedstock that “has properties and stability similar to virgin material and has…
Continental buys Elektrobit’s automotive division
Continental AG has bought Elektrobit Oyj’s automotive division for 600 million euros (US$677.5 million) to meet growing demand for electronics and safety technology. The greater use of electronics and software in vehicles, and the ability of cars to connect to…