SYNTHETIC rubber profiles manufacturer, International Rubber Company [IRC], is eying a 15% year-on-year sales growth, as demand for rubber insulation products in the region in lieu of the booming construction industry im the Gulf. To achieve this, the firm says…
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SGB,Yulex to create platform to double guayule rubber output
AGRICULTURAL biotechnology firm, SGB, and biomaterial specialist, Yulex Corporation, are collaborating to put up a genomics and molecular breeding platform focused on accelerating the crop improvement of sustainable rubber source, Guayule. For the project, a non-GMO technology platform that combines…
Japanese tyre companies to import rubber from Myanmar
JAPAN is planning to import raw rubber from Myanmar to fill in the approximately 700,000 to 800,000 tonnes rubber/year requirement of tyre companies in the country. To raise Myanmar’s technical standards with the raw rubber and be at par with…
Rubber rebounds on strengthening China, weakened yen
Rubber returns at the highest level after Japan’s currency slid and China’s output increases. According to customs agency, natural rubber imports by China were 190,000 tonnes in October. Bloomberg data showed that volume increased from 179,921 tonnes in September and…
Apollo Tyres to pursue joint agreement with Cooper
Apollo Tyres still wanted to pursue its joint agreement with Cooper Tyres despite their rift. Cooper previously filed a complaint against the Indian firm for delaying the agreement completion, but the latter denied the charges but instead asked for price…
Versalis, Lotte form jv for elastomers
VERSALIS, Eni’s chemical subsidiary, and Lotte Chemical, a major petrochemical company in South Korea, have established a 50:50 joint venture known as Lotte Versalis Elastomers. Lotte Chemical CEO, Sooyoung Huh, and Versalis CEO, Daniele Ferrari, made the announcement at the…
Michelin and Chandra Asri form JV
French tyre manufacturer Michelin and Indonesia’s Chandra Asri Petrochemical have agreed to create a joint venture with an investment of US$435 million in a new synthetic rubber plant in Indonesia to supply the local tyre industry and increase export potential.…
Rubber exports dropped by 59% in October
Due to decline in domestic production, natural rubber export dropped by 59% to 480 tonnes in October this year in oppose to its 1,145 tonnes from same month last year. Total exports of rubber during April-October period in current year…
First India rubber meet slated in 2014
India Meet 2014 will launch its first episode on the 20th and 21st of February 2014 at the Le Meridien Convention Centre, Kochi, Kerala. Arrangements are in progress for the India Rubber Meet – 2014 (IRM-2014) organized by all the…
ENI subsidiary to quit Hythe plant on dropping demand for replacement tyre
A synthetic rubber company, Polimeri Europa is to close its plant at Hythe with the loss of up to 300 jobs at the start of 2014. The closure is due to weakening demand for replacement car tyres, as well as…