Wacker Chemie AG has upgraded its annual projection for EBITDA (earnings before interest, taxes, depreciation and amortization). An announcement to this effect was issued by the Munich-based chemical company today. EBITDA for 2014 is now projected to be at least…
Yokohama builds new facility in California
Yokohama Tire Corp. (YTC) plans to move its western distribution operations to a larger, newly constructed warehouse in Chino, Calif. by the end of 2014. The new facility is about 22 miles from the current warehouse in Fullerton, Calif. At…
Indian Rubber Board requests to cultivate Jharkhand and other states
Rubber Board has submitted a proposal to the Centre highlighting the potential for rubber cultivation in areas affected by extremist activities in some parts of the country. In an informal chat with presspersons on the sidelines of a meeting of…
Trelleborg reports operating earnings increase
Trelleborg Wheel Systems reported improved operating earnings for the three and six months ended June 30, but sales were down 4.9 and 1.7 percent, respectively, for the periods. For the quarter, Trelleborg Wheel reported operating income of $22.5 million, a…
Minnesota Rubber develops thin walled diaphragms for medical devices
Minnesota Rubber & Plastics announces the creation of thin-walled diaphragms for medical devices that require high strength and flexibility. Utilizing liquid silicone rubber (LSR) processes, custom design and injection molding, design function and cost efficiency are improved. Used in a…
Indian rubber farmers request to halt imports
The Hindu Business Line reports, “The Indian Rubber Growers Association has asked the center to suspend rubber imports, considering the fall in prices. When the prices fell in 1999, the government had stopped imports under advance licence scheme through a…
ITC to continue duty investigation on China tyre imports
The International Trade Commission voted 6-0 today to continue an antidumping and countervailing duty investigation against certain passenger and light truck tire imports from China, sending the case to its next phase. The ITC vote came exactly one week after…
Mercedes-Benz’s GLA picks Yokohama eco tyre
Daimler Benz A.G. has selected Yokohama Rubber Co. Ltd.’s C.drive2 high-performance eco tyre as an OE fitment — in standard and run-flat versions — for its 2015 GLA-Class compact SUV sold in overseas markets. The GLA-Class — a four-door, five-passenger…
Magna introduces new size for MB01 tyres
The new tyre size 18.00-33 MB01 E4 finds its way to more and more container terminals. The most recent delivery took place in the Netherlands. This Kalmar reach stacker, running at a regional container terminal in Waalwijk, is equipped with…
Evonik setting up silica plant in Brazil; grows world silica output by 30%
Germany-based Evonik Industries plans to build a plant to produce precipitated silicas in São Paulo, Brazil. The company is investing a mid-double-digit million euro amount; the plant is scheduled to go on stream in 2016. This will be the first…