The export value of rubber gloves in February 2015 maintained its uptrend and increased by 18.2% year-on-year (y-o-y) to RM916 million due to the stronger US dollar against the ringgit earlier this year. However, MIDF Research said the export volume…
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Roughly 1,750 jobs will be lost as Dow Chemical trims its business
Dow Chemical Co. said it will cut between 1,500 and 1,750 jobs, or 3 % of its global work force, to streamline the organization further and optimize its footprint as a result of a US$5 billion divestment of most of…
Tesla buys Michigan-based auto supplier
Tesla Motors Inc. confirmed late Wednesday it has acquired a west Michigan auto supplier as it ramps up production of electric vehicles. Tesla spokeswoman Alexis Georgeson said the company this week acquired Cascade Township-based tool and die manufacturer Riviera Tool,…
Indonesia’s automotive industry shifts up a gear
In 2012 Indonesia produced more than one million motor vehicles for the first time. Its vehicle output rose 3.6 times during 2000–12. This was a large increase compared with global output growth of 1.4 times, while neighbouring Malaysia’s output only…
Lanxess begins production at new EPDM plant in China
German chemicals firm Lanxess has started production at its new ethylene propylene diene monomer (EPDM) plant in Changzhou, China. With the gradual ramp-up of the new plant, the company completes its global EPDM rubber asset base. Over the next few…
ContiTech’s innovative solutions for outdoor applications at Techtextil 2015
Germany based ContiTech, a leading innovator and technological pioneer for rubber and plastic products, is presenting its new dry suit material, as well as the wide variety of possible uses for technical textiles at the Techtextil trade fair that I…
New leader maintains Solvay Silica’s focus on innovation
Solvay S.A.’s Solvay Silica business may have a new president, but the philosophy on developing innovative products remains the same. The firm has appointed An Nuyttens, who has been with the firm for 24 years, to run its Silica Global…
Freudenberg-NOK releases new sealing technology
Freudenberg-NOK Sealing Technologies has developed a sealing technology for roller bearings used in challenging steel-plant applications, the company said on April 29. Radial shaft seals for roller bearings in steel plants like those used for work rolls are replaced after…
Canadian Tire to acquire 12 former Target locations
Canadian Tire is set to take over 12 leases on former Target Canada stores, the company announced Wednesday. Canadian Tire said the deal for the locations will cost US$17.7 million, and is subject to approval by the court-appointed trustee monitoring…
First quarter 2015 earnings up for TRW Automotive Holdings Corp
Including special items, TRW reported net loss of US$366 million or US$3.13 per share in the first quarter of 2015, compared with net earnings of US$199 million or US$1.68 per share in the prior-year quarter. Revenues in the reported quarter…