The head of Pirelli said on Wednesday he had received no proposal regarding a possible sale of the Italian tyremaker. “No proposal arrived to the undersigned and I did not make any proposal to the Pirelli board,” Pirelli’s Chairman and…
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Brenntag opens dedicated Rubber service facility in Italy
Brenntag, the global market leader in chemical distribution, has opened a new specialized Rubber service facility in Orbassano (Turin), a strategically ideal location close to the national automotive industry in Italy. In an international expanding Rubber industry, this new site…
Thai rubber price drops to lowest since 2009
The price of rubber in Thailand has dropped to the lowest seen since 2009, decreasing 19 per cent month-on-month. According to Mintec, the cost has declined by 64 per cent since its peak in 2011. Thailand is the world’s top…
Details of new Tire Cologne announced
Between May 29 and June 1 2018, a new exhibition aimed at the international tyre industry will take place in Germany. “The Tire Cologne”, as the show will be called, will be supported by current Reifen show main sponsor the…
Camoplast Solideal acquires Cherokee Tire
Industrial tyre and track maker Camoplast Solideal Inc. has bought Cherokee Industrial Tire of Lexington, S.C., to reinforce its materials-handling service network throughout the U.S. Northeast, South and Midwest. Financial terms of the deal were not disclosed. Founded by the…
ATD to buy Hercules Tire for $310M
American Tire Distributors Holdings Inc. (ATD) has agreed to buy Hercules Tire & Rubber Co. for about $310 million, subject to certain customary pre-closing adjustments. American Tire Distributors will effect the purchase through ATD Merger Sub II L.L.C., an indirect…
Nitrile gloves continue to show better margins
GLOVE makers are continuing to ramp up production of nitrile gloves as they compete for market share in the high-margin product in order to satisfy European demand and offset the recent hike in energy prices. The “big four” glove makers…
SGX proposes changes to benchmark SICOM Rubber
Singapore Exchange (SGX) celebrates the 20th Anniversary of its global benchmark SICOM Rubber Futures this year, on the back of multiple records achieved in 2013. From production to trading, rubber had its roots firmly planted within Singapore from the early…
New Continental Tire plant in Sumter, South Carolina now officially open
Continental Tire the Americas, LLC (CTA) today celebrated the grand opening of its all-new plant in Sumter, South Carolina. The ceremony marked the completion of the construction process and the beginning of tyre manufacturing. The tyres produced at the Sumter…
Rubber futures slip into bear market as China’s inventory rises
Rubber futures in Tokyo fell into a bear market as stockpiles in China swelled to a nine-year high, signaling weakening demand from the largest consumer of the commodity used in tires. Rubber for delivery in June on the Tokyo Commodity…