German speciality chemicals company Lanxess has appointed Michael Pontzen as Chief Financial Officer (CFO). Pontzen currently heads Lanxess’s Corporate Controlling Group Function. He will succeed Bernhard Düttmann, who is leaving the company effective March 31, 2015, to take on new…
Vietnam, Thailand, Malaysia and Indonesia join forces
The Bangkok Post reports, “Vietnam has agreed to join Thailand, Malaysia and Indonesia in a regional trading network aimed at shoring up rubber prices. Vietnamese Agriculture and Rural Development Minister Cao Duc Phat told visiting Agriculture and Agricultural Cooperatives Minister…
Jaidah Automotive sees 12 % growth
Jaidah Automotive, Independent Aftermarket (IAM) wholesale operations, a fully owned subsidiary of the Jaidah Group, has announced a 12% increase in their wholesale business for 2014. The announcement was made at the fourth annual appreciation event to thank customers for…
Automotive innovation centre launched in UK
Tata Group Chairman Emeritus Ratan Tata on Tuesday laid the foundation stone for a new 150-million pound automotive innovation centre, planned as the largest research facility of its kind in Europe, to create the next generation of vehicles for the…
Silicone Coatings Market Value to reach US$6 Billion by 2020
The report “Silicone Coatings Market by Type (Additives, Polymers, 100% Silicone, Water Repellents Silicone), by End-User Industry (Construction, Automotive, Consumer Electronics, Plastic Processing & Manufacturing) – Global Forecast to 2020”, report analyzes the global silicone Coating market with respect to…
‘Complete lifecycle management’ for fleets by Pirelli
Pirelli aims to offer “identical quality for all the tyre lives of its fleet customers” as of its “complete lifecycle management” offer for fleets. Indeed, the manufacturer reports that Pirelli’s retreading system is aimed at increasing Pirelli casing value through…
Blackcircles expands offering to fleet and business users
Online tyre retailer Blackcircles has launched a new business division aimed at fleet operators and small to mid-sized enterprises. Blackcircles.com Business will be headed by Martin Towers, former corporate sales director at Kwik Fit, who has been appointed Blackcircles new director…
Synthomer expands speciality SBR production in Malaysia
UK-headquartered Synthomer, a worldwide leader in carboxylated Styrene Butadiene Latex (SBR) for carpet, paper and speciality applications, has expanded its Kluang plant in Johor State, Malaysia, to produce a range of speciality SBR to support the growing demand for its…
Thai rubber planters forced to sell farm land
A number of Uthaithani rubber planters have reportedly started selling off their farmlands to raise quick cash, as latex price continues to plummet, fetching only 40 baht a kilogram. The unprecedented low latex price has put planters in a very…
Chinese tyre maker under “financial constraints”
Shandong Deruibao Tire Co. Ltd., producer of the Deruibao and Faralong brands, has filed for government-coordinated restructuring due to “financial constraints,” according to the local municipality government. “The company is not bankrupt, and it’s only asset restructuring,” the Guangrao government’s…








