Kenyan tyre maker Sameer said on Wednesday it swung into a loss in 2014, hurt by competition from subsidised imports into Kenya and political unrest in some of its export markets. Sameer, which had issued a profit warning in August…
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India to totally produce its own synthetic rubber by 2017
India is expected to become self-sufficient in synthetic rubber by 2017 as its production capacity triples, industry executives said, improving raw material supply for tire makers in a country that is home to one of the world’s biggest car markets.…
Fall in the price of natural rubber affects companies
Continuing fall of natural rubber price has a knock-on effect on the sales of Kerala-based chemical companies like Periyar Chemicals and Kemstok Petrocids. Hurt by the sharp fall in prices, farmers in the state have lowered natural rubber production significantly,…
Michelin sees rubber rout ending
The slump in global natural rubber prices is probably over because producers are finding it harder to cover their costs and will cut output, according to Michelin & Cie, Europe’s largest tyremaker. Rates have reached a floor of about $1.50…
Delphi has been named as one of the world’s most ethical companies
For the third year, Delphi Automotive PLC (NYSE: DLPH) has been named one of the “World’s Most Ethical Companies” for fostering a culture of ethics and transparency at every level of the company. The recognition was given by the Ethisphere…
Apollo Tyre to set up a joint venture in China
Apollo Tyres Ltd is to set up a joint venture in China, according to Beijing Auto chairman Xu Heyi. The proposed venture will have an annual production capacity of about 1 million tires, Xu said in Beijing, where he was…
Cyclomethicone market – global industry analysis and opportunity assessment 2015 – 2025
Cyclomethicone also known as decamethylcyclopentasiloxane is a clear, odorless, alcohol free and colorless silicone liquid. It is soluble with numerous oil based products. It has a cyclical structure rather than linear structure of dimethyl silicone. Cyclomethicones are commonly used as…
India’s Rubber Support Scheme fails
The much-publicised scheme to help rubber growers, which the state government brokered with leading tyre makers in December, to ensure that the latter lifts natural rubber at 20 % above the international market price, has turned out to be a…
Automotive Composites Market Forecast 2015-2025
In 2015 the market for automotive composites is progressing strongly, boosted by increasingly advanced production techniques which are facilitating higher volume production of composite materials. The success of composite-rich models such as the BMW i3 provides further positive stimuli to…
Ernest Waaser is new CEO of NuSil
CALIFORNIA – NuSil Technology LLC, the global leader in high purity medical and space-grade silicones, announces the appointment of Ernest Waaser as its new chief executive officer. Mr. Waaser brings over 30 years of experience leading numerous public and privately-held…