The Malaysian Rubber Glove Manufacturers Association (Margma) is optimistic that the global demand for rubber gloves will continue to grow at a rate of 8% to 10% for 2015, amid the weakening of the ringgit against the US dollar. President…
23% gain for Penske Automotive
Strong year-end vehicle sales, gains in service and parts gross margins and investments in commercial vehicle businesses pushed Penske Automotive Group Inc. to a 23 % gain in net income during the fourth quarter. The nation’s second-largest dealership group said today it…
PPG Industries to raise precipitated silica capacity
PPG Industries is increasing production capacity for precipitated silica at its manufacturing site in Delfzijl, the Netherlands by more than 15,000 tons a year. The decision to raise capacity was made in part as global demand for the company’s Agilon…
Hankook Tyre UK to reveal new products
Hankook Tyre UK will be revealing several new products at this year’s CV Show in April. This include its increased load index SmartFlex AH31 tyre and the latest TLO2 trailer tyres. The new SmartFlex AH31 295/80 R22.5, with a load index of…
Solvay unveils new highly dispersible silica for tyres
Solvay Silica, the inventor of Highly Dispersible Silica (HDS) and a key player in energy-saving tyres, introduces Efficium, an innovative reinforcing filler, which allows for higher productivity and greater flexibility in producing green passenger car and truck tyre compounds, at…
Booming car production drives Asia-Pacific’s automotive OEM coatings market
The rapidly increasing vehicle production in Southeast Asian (SEA) countries is steering the automotive coatings market in Asia-Pacific. With the automotive industry in the region likely to continue this upward progression due to favourable macroeconomic indicators and strong support from governments,…
Particle-filled silicones found to provide EMI, environmental sealing
Particle-filled silicones are elastomeric compounds that combine the advantages of silicone with the electrical properties of metals. An inert, synthetic rubber, silicone offers thermal stability over a wide temperature range and resists ozone and ultraviolet (UV) light. Silicone rubber also…
Initiatives in place to make Hankook fifth largest tyre maker globally
Hankook Tire America Corp. and its parent, Hankook Tire Co. Ltd., have aggressive goals to grow in the coming years based on three basic pillars: strategic globalization, technology innovation and what they’re calling “brand value up.” This effort includes boosting…
Michelin faces weak demand in emerging markets
Shares in Michelin fell by as much as 5% on Tuesday after the French tyre maker reported a decline in full-year earnings followed by a cautious outlook for 2015. The manufacturer, which is based in Clermont-Ferrand, reported full-year net income…
South Korea to invest US$17 bn in Indonesia
As many as 16 South Korean companies have expressed a serious commitment to spend up to US$17.1 billion in a wide array of sectors from power generation to minerals processing in Indonesia, the Investment Coordinating Board (BKPM) said. About US$8.5…






