Thailand is facing yet another surplus that may be worse than the rice surplus seen earlier in the year. Currently, rubber prices have tumbled from their 2011 highs as well as overall demand for the country’s rubber exports. Domestic prices…
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UTECH Europe 2015 Polyurethanes Conference line-up
Organisers of UTECH Europe 2015 polyurethanes event have announced full details of its comprehensive three-day conference taking place April 14-16, 2015 at the MECC, Maastricht, The Netherlands. Featuring over 90 detailed technical papers delivered in a total of 11 sessions,…
Canada Tyre Market Forecast and Opportunities 2015 – 2020
Canada’s tyre market is forecast to increase at a CAGR of around 6% till 2020 Large vehicle fleet and growing hybrid vehicle sales would be the major factors driving Canada tyre market over the forecast period. Passenger car tyre market is the dominant…
Momentive unveils new silicone elastomer products
US-based Momentive Performance Materials (MPM) showcased its new silicone elastomer solutions at NPE 2015. The company, which was situated at booth S15079 at NPE, introduced its new low-volatile, self-lubricated liquid silicone rubber (LSR) Silopren LSR 3376/50, along with showing its…
New investments at Maragoni
As the deadline approaches for a possible extension of the labelling requirements already in force for new tyres to also include retreads, the retreaded truck tyre segment is rapidly evolving both regarding performance and the level of uniformity and efficiency…
Lanxess cuts 140 production jobs as quest for rubber partner continues
German chemicals group Lanxess unveiled more cutbacks on Thursday, shedding about 140 jobs in rubber production and acknowledging its quest for a strategic partner would likely take until the second half of the year. The company, the world’s No.1 maker…
As rice mountain shrinks, Thailand risks amassing rubber hoard
Eight months after Thailand’s military junta started selling rice into an oversupplied global market, the officers are taking a different tack amid a rubber glut. But this approach by Thailand, the world’s biggest exporter of both commodities, may cause as…
Berkshire Hathaway Automotive looks to expand in U.S.: chairman
Warren Buffett’s Berkshire Hathaway Inc wants to purchase more U.S. auto dealerships to expand the company’s automotive dealer venture, Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, told CNBC on Tuesday. Van Tuyl, who appeared on CNBC with Buffett, said that the group will…
Pirelli shares above ChemChina bid price after dividend announcement
Shares in Pirelli (PECI.MI) remained slightly above the bid price offered byChina National Chemical Corp (ChemChina) after the Italian tyre maker announced a dividend payout on Tuesday, in a sign investors see value in keeping the stock. ChemChina will become the majority…
Top Glove in RM1bil expansion mode
Top Glove Corp Bhd, which is currently in a net cash position of RM142.8mil, is on the lookout for merger and acquisition (M&A) opportunities to further expand its business scope. Chairman Tan Sri Lim Wee Chai said the group was…