The growth in global demand for natural and synthetic rubber will be slower than previously expected this year, against concerns about the health of the world economy.
Indian rubber group seeks freeze on rubber import levy
THE ALL India Rubber Industries Association (AIRIA) has urged the Government to dissolve Customs duty on imported raw materials such as butyl and other synthetic rubbers to abate influx of cheap Chinese imports into the domestic market. The group said…
Slow demand weighs down on Malaysian rubber market
SLOW DEMAND and bleak global economic prospects seem to linger far too long, affecting commodities market. Citing a report from the country’s news agency, Bernama, the Malaysian rubber market is seen to drop further in the week. The decline is…
Sabic and ExxonMobil to develop rubber products
SABIC (Saudi Basic Industries Corporation) and US-based petrochemical firm ExxonMobil Chemical have teamed up in the SR12.75 billion elastomers project being constructed at the Al-Jubail Petrochemical Company (Kemya) complex in Jubail, which is a 50:50 joint venture of Sabic and…
Asia Carbon announces Q1 earnings, facility conversion
China-based carbon black products producer Asia Carbon Industries, Inc. announced its earnings for the quarter ended March 31, 2013. The Company, whose shares trade in the US on the OTCQB Tier of the OTC Markets under the stock symbol “ACRB”,…
Bridgestone beats design patent rap in China
BRIDGESTONE Corporation has won an infringement of design patent rights lawsuit against Qingdao Genco Industrial Group Co., Ltd. in Qingdao, Shandong Province, China. The tyre maker argued that Qingdao Genco Industrial Group Co., Ltd,, after it has been found to…
India seeks to expedite appeal for rubber levy hike
THE INDIAN Commerce Department urges the Finance Ministry to expedite on its recommendation for import duty hike on rubber to aid domestic farmers against falling prices. Rubber prices dropped from Rs 230 a kg in the previous year to about…
Apollo plant cited with quality systems award
APOLLO Tyres’s Chennai-based plant bagged the the platinum (first) prize in the large-size category of the Federation of Indian Chambers of Commerce and Industry’s (FICCI) annual quality systems awards held May 16. Satish Agarwal, chief of corporate manufacturing at Apollo,…
Continental rubber compounds enhance sports shoes grip
THE ADIZERO ADIOS 2 shoes from Adidas worn by winning Kenyan athlete, Patrick Makau at the 2011 Berlin Marathon, were made with a specially developed Continental rubber compound that guarantees much better traction and thus less slip with every push-off…
Michelin introduces new aircraft tyre app
MICHELIN Aircraft Tire has unveiled a comprehensive mobile application for aircraft mechanics, private pilots, airlines, military operators and others who have an interest in or use for aircraft tyres. This innovation manner app will serves and educate customers on how…