The import of under-invoiced tyres continues unabated, rendering a massive loss of five billion rupees every year to national kitty, an industry source told The News on Thursday. Khurram Suriya, proprietor of Suriya Motors, said the import of tyres under…
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Environmental Authority of Sri Lanka clears rubber factory said to have caused water pollution
The Central Environmental Authority (CEA) of Sri Lanka has determined that the effluents of the rubber factory said to have caused water pollution did not contaminate the water. The CEA has said that the Hanwella Rubber Products Ltd. Factory is…
Fall in rubber price main poll issue in Kottayam
Kottayam Lok Sabha constituency, home to a large number of rubber cultivators and one of the primary trading centres of natural rubber, is all set to witness a fierce fight between sitting MP and UDF candidate Jose K. Mani, and…
Fire damages 17000 rubber trees
Fire damaged around 17000 rubber trees on 40 acres of a rubber garden in Agatila area under Rajnagor upazila of Moulvibazar district early yesterday. Manager Md Aminul Islam of the garden said trees worth around Tk 5 core were gutted…
Creation of rubber research center proposed
Two legislators have filed a bill in Congress, seeking to create a research center for the rubber industry to help the small rubber producers and processors in the country. Cagayan de Oro City Rep. Rufus Rodriguez and Abamin partylist Rep.…
New high-tech tyre generation from Continental
With its new tyre range, Conti EcoPlus, Continental, is setting new benchmarks in commercial goods transportation. Maximum optimization of rolling resistance with no compromise on mileage is the highlight of this latest tyre range for use in long distance and…
Lanxess divests Perlon-Monfil; posts 2013 results with silver lining: Asia’s share in group sales is up
Germany-based speciality chemicals company Lanxess has divested its wholly-owned subsidiary Perlon-Monofil, a maker of PA and PET products, to Munich-based Serafin Group for an undisclosed amount. The transaction closes with immediate effect. Meanwhile, the group has also published its 2013…
China sales for Rhein Chemie post highest growth
German chemicals firm Rhein Chemie, a wholly owned subsidiary of speciality chemicals company Lanxess, achieved global sales of EUR346 million in fiscal 2013, a slight increase over the previous year (EUR344 million). The strong euro in particular put a dampener…
Butadiene price rises by a third
The price of the industrial chemical butadiene, which is used to produce synthetic rubber, has risen 33 per cent since August last year. Data from analyst Mintec has shown that “steady global demand and ongoing tight supplies” in Europe and…
Slowdown of commercial vehicle segment affects Bridgestone India’s OEM sales
Bridgestone Tyres India said that the current slowdown in the commercial vehicles segment in India has influenced the company’s OEM sales. Yet the sales in the replacement tire market had registered a slow growth. Tomio Fukuzumi, managing director for Bridgestone…