SUMITOMO Rubber Industries Ltd. has reported sales and earnings slipped for the first quarter ended March 31. Operating income fell 6.5% to US$162.3 million in the first quarter. Sales also hit low at 1.8% to US$1.78 billion. Net income dropped…
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Malaysian agricultural firm to develop rubber plantations in Cambodia
MALAYSIAN-based global agricultural and agri-commodities company, Felda Global Ventures Holdings Bhd (FGVH) will be developing rubber plantations in Cambodia as well as market its products including palm-oil based products in the country. These products will be marketed in Cambodia following…
Emrald Tyres joins upcoming Tyrexpo India
INDIAN tyres and wheels maker Emrald Tyres has confirmed its participation in the upcoming Tyrexpo India on 9-11 July at the Chennai Trade Centre. Chennai-based Emrald produces a complete range of tyres, tubes, rims and wheels for the materials handling…
High heat additive for HCR
GSDI, a subsidiary of PolyOne and a supplier of colour and additive dispersions for silicone rubber, has launched Silcosperse 500 dispersion to help customers enhance the heat resistance to improve High Consistency Silicone Rubber (HCR) performance in specialised, high-temperature applications.…
Titan to buy stake in Russian tyre maker
A CONSORTIUM of the Russian Direct Investment Fund (RDIF), Titan International, one of the world’s largest manufacturers of agricultural and industrial tyres, and One Equity Partners (OEP), a global private equity fund and a subsidiary of JP Morgan Chase, are…
India imports to rise as monsoon rains postpone tapping
THERE has been no rubber tapping in Kerala, India for more than two weeks because of monsoon rains, an industry official recently said. “Supply is extremely tight in the domestic markets as there’s been no production in the last 19…
EPDM prices to plunge further in Asia
ETHYLENE propylene diene monomer (EPDM) prices in Asia are likely to fall further with surplus stocks in Europe being offloaded into the region at cheaper prices, while demand in the key downstream automotive sector remains weak, industry sources said recently.…
Trelleborg renews tyre tie-up with Agco
SWEDEN-based Trelleborg AB, the parent company of Trelleborg Wheel Systems Americas Inc, has renewed its long-term agreement with Agco Corp for the development and innovation of agricultural tyres. “Following the recognition of Trelleborg as the best EAME (Europe, Africa and…
Lanxess steps up its butyl rubber footprint in Asia
German speciality firm Lanxess has invested over EUR500 million to upgrade its global butyl rubber manufacturing units in Canada and Belgium and build a brand new facility in Singapore, adding around 200,000 tonnes/year of capacity in total. It is expecting…
Simtec Silicone Parts to move headquarters closer to clients
US-based Simtec Silicone Parts is investing US$3.5 million and hiring 40 people for its headquarters relocating from Wisconsin to Florida. Simtec makes liquid silicone rubber (LSR) into components used in industries from autos to health care to consumer products. The…