Platts reports, “European solution styrene butadiene rubber spot prices fell to their lowest level last week since Platts started assessing the market in September 2012 on warmer-than-expected temperatures as the winter-tire season fails to take off, according to sources. The…
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Thai gov’t and private sectors to launch Bt420-million rubber fund
The government and private rubber-business operators will jointly launch a Bt420-million fund, with the aim of tackling the tumbling price of rubber. Pongsak Kerdvongbundit, honorary president of Thai Rubber Association, said private operators would contribute Bt30 million each to the…
Denka to buy DuPont Neoprene polychloroprene
DuPont Performance Polymers and Denka announced they have signed a definitive agreement to sell DuPont Neoprene polychloroprene to Denka Performance Elastomer LLC, a new joint venture company owned 70 percent by Denka and 30 percent by Mitsui (Mitsui & Co.,…
Sumitomo installs tyre sales corporation in the Commonwealth of Australia
Sumitomo Rubber Industries, Ltd. announced that, as part of the global expansion of its tyre business, it is entering into a joint venture with Sumitomo Corporation to establish Sumitomo Rubber Australia Pty. Ltd., a new local tyre sales corporation in…
Maybank Research predicts more upside for Malaysian nitrile glove maker
Maybank Investment Bank Research sees more upside for nitrile glove maker Hartalega due to the fall in the prices of the key raw material and commodity prices. It said on Thursday the price of key raw material nitrile-butadiene rubber (NBR)…
CMA adds new sizes to Double Coin truck tyre range
China Manufacturers Alliance LLC (CMA) recently expanded its Double Coin truck tyre line with new sizes. CMA Vice President Walt Weller talked about the additions to Modern Tire Dealer at the 2014 Specialty Equipment Market Association (SEMA) Show in Las…
CEAT plans to construct new tyre plant in Nagpur
CEAT Tyres today announced its plans to invest Rs. 400 crore in a state-of-the-art tyre plant in Butibori, Nagpur. Devendra Fadnavis, Chief Minister of Maharashtra, laid the cornerstone for the plant that will be set up in three phases. In…
Thai legislative assembly passes first reading of rubber bill
The National Legislative Assembly (NLA) has passed the first reading of the Thai rubber bill by 173 votes to 1 while making note of the issue of zoning for Para rubber cultivation. The rubber bill seeks to establish a legal…
TIA resists RMA tyre registration plan
The Tire Industry Association will fight a proposal from the Rubber Manufacturers Association to reinstate a mandatory tyre registration program. During a panel on tyre registration and recalls at the Passenger Vehicle Tire Safety Symposium held by the National Transportation…
Worldwide sales of plastics and rubber machinery expected to surge by 3%
Global sales of plastics and rubber machinery will increase by an average of three per cent a year in the period from 2014 to 2016, according to a new report commissioned by the VDMA Plastics and Rubber Machinery Association. “The…