US-based speciality chemicals firm Cabot Corporation has entered into an agreement with Grupo Kuo S.A.B. de C.V. (KUOB.MX) to purchase the remaining 60% equity of its Mexican carbon black manufacturing joint venture, NHUMO, S.A.de C.V, for US$105 million, of which…
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Trelleborg Sealing Solutions unveils uses for LSR at US show
TRELLEBORG Sealing Solutions has exhibited the various applications for Liquid Silicone Rubber (LSR) technology, high volume precision parts and components with very tight tolerances in liquid silicone and multi-component medical device products at a recently stages industry show in the…
Malaysian Rubber Board chairperson reappointed
INCUMBENT Malaysian Rubber Board (MRB) chair, Datuk Wira Ahmad Hamzah has been reappointed to his post, the Plantation Industries and Commodities Ministry announced. It is expected that the reappointment will enable Ahmad to provide continuity MRB’s implementation of strategies and…
Kossan to invest RM100 million for new plants
GLOVE maker Kossan Rubber Industries Bhd is investing RM100 million to build three new plants to boost nitrile glove production capacity from the current 16 billion pieces to 22 billion pieces a year. One plant will be on stream by…
TVS Automobile Solutions and Myers form JV
INDIA-based TVS Automobile Solutions, a part of TVS & Sons and US-based Myers Tire Supply International have formed a partnership to mutually promote their products in the various markets across Asia. The new company, Myers Tyre Supply India Limited, Inc.…
Michelin commits US$1 billion in capital investment in France
RENCH tyre specialist Groupe Michelin has pledged a US$1.06 billion capital investment amidst its moves of plants closing in Columbia and Algeria by end of the year, with the latter being planned to sell to Groupe Cevital, an Algerian private…
Apollo to acquire Cooper Tire in US$2.5 billion deal
INDIAN firm Apollo Tyres will acquire a 100% stake in US-based tyre maker Cooper Tire & Rubber Company for US$2.5 billion (R14,500 crore). The former will fund the acquisition fully by raising $2.5 billion of new debt. The deal will…
Precision Polymer Engineering debuts new US test plant
US rubber seals maker Precision Polymer Engineering (PPE) has opened its new test and customer support plant in Houston, Texas. Established in 1974, the firm specialises in rubber seals for the pharmaceutical, oil and gas industry, mainly in the USA,…
Goodyear launches Storm Priority service for trucks
THE GOODYEAR Tire & Rubber Company has launched a new service, the Goodyear Storm Priority, to help keep utility trucks up and running as crews work to restore power during and after severe weather incidents. The service is said to…
University develops new bleaching agent for rubber industry
A NEW product has been developed from basic raw materials by undergraduate students from the University of Peradeniya in Sri Lanka. The students developed a latex bleaching product for sole crepe and crepe manufacturing in the rubber industry from the…