The global demand for rubber tyres is threatening protected forests in Southeast Asia, according to a study. Tropical forests are being cleared for rubber plantations, putting endangered birds, bats and primates at risk, say UK researchers. By 2024, up to…
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Rubber to trade mixed next week
The Malaysian rubber market is likely to trade mixed next week, in tracking crude oil prices and the ringgit’s movement, a dealer said. The downtrend in the rubber price on the Tokyo Commodity Exchange and a stronger yen are also…
Cooper Tire Texarkana earns U.S. department of energy award
The Cooper Tire plant in Texarkana, Ark. has been certified as a Superior Energy Performance® (SEP™) facility at the Gold level by the U.S. Department of Energy. The plant was recognized for implementing International Organization for Standardization (ISO) 50001, which…
Delphi Automotive PLC Given New US$97.00 Price Target at Barclays (DLPH)
Delphi Automotive PLC (NASDAQ:DLPH) had its target price boosted by Barclays from US$88.00 to US$97.00 in a report issued on Thursday. They currently have an overweight rating on the stock. Delphi Automotive PLC traded down 0.89% during mid-day trading on Thursday,…
Forest Department has plan to seize back 5.1 million rai of rubber plantations
There are altogether 1,221 forest reserves scattering across the country and more than 1,000 of them have been encroached. The encroached land totals 5.1 million rai of which 4.1 million rai are in forest reserves, about one million rai in…
Pirelli, Rosneft pick Synthos as partner for rubber project
Italian tyremaker Pirelli and Rosneft have picked chemical raw materials producer Synthos as their potential technological partner for the development of synthetic rubber in Nakhodka, Russia. The three companies have signed a memorandum of understanding to conduct feasibility studies to develop…
Hitachi Automotive opens new facility in Chennai
The expansion is in response to growing importance of India in global automotive business. The group sees India as a strong base for its global strategy. The Japanese industrial giant has commissioned a new plant, its second factory in India,…
Semperit acquires Leeser GmbH & Co. K.G
Semperit A.G. Holding’s Semperform is acquiring Leeser GmbH & Co. K.G.. Once the transaction with the German seal maker is finalized, expected in the second quarter of 2015 after the firms receive approval from antitrust authorities, Semperform, which is part…
Yokohama Rubber to exhibit at Shanghai Motor Show 2015
The Yokohama Rubber Co., Ltd., announced today that it will participate in the Shanghai Motor Show 2015 (Auto Shanghai 2015) to be held in Shanghai during April 20?29 (press days on April 20?21). This year’s Yokohama Rubber exhibit will demonstrate…
Tyre industry’s natural rubber demand threatens the environment: study
The demand for natural rubber, primarily from the tyre industry, is threatening the Southeast Asian eco system, a new research from the University of East Anglia says. The study predicts that up to 8.5 million hectares of additional rubber plantations…