LEVERKUSEN, Germany – Lanxess is in talks to buy Belgian chemicals group Taminco NV from private equity firm CVC Capital Partners for about EUR 1 billion or $1.4 billion, the Financial Times Deutschland reported. The acquisition would reportedly be the…
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India Rubber
The All India Rubber Industries Association (AIRIA) was established in 1945 with the purpose of representing the rubber sector in ...
Country Focus: An alliance that keeps Asia’s “white gold” shining
Despite challenges in the global market and supply chain, Asia’s primary rubber producers are successfully achieving their growth targets, with ...
Sustainability: Southeast Asia’s rubber sector rooting for sustainability
Promising solutions are emerging in the form of sustainable rubber practices, aimed at curbing deforestation and substantially reducing the environmental ...
Rubber industry in the digital age: how technology can save forests, boost business
Emerging policies on ethical material sourcing, such as the EU Deforestation-free Regulation (EUDR)’s zero-deforestation rule, underscore ecosystem preservation and market ...
Gloves sector holding up through the headwind
Malaysia’s glove makers are benefiting from streamlining of operations, new investments, and net-zero collaborations to mitigate the impact of low ...
Medical technology market shapes up with silicones
Global and Asian markets for silicones in the healthcare and medical industries have grown in tandem with the advancement of ...
Growth aided by market demand
The global market for nitrile butadiene rubber (NBR) is projected to exceed 645,000 tonnes by the year 2017, according to a new report by Global Industry Analysts. The US company’s other report on chloroprene rubber (CR) also predicts growth with the market forecast to reach 445,000 tonnes by the year 2017.
Evonik sells carbon black and plans for IPO
GERMAN chemicals conglomerate Evonik will sell its carbon black unit to US financial investor Rhone Capital, in line with its step to ready itself for a public flotation within the next 15 months. The transaction is valued at over US$1.3…
New extruder supports eco-tyres
WITH the objective of supporting low rolling resistant tyres, KraussMaffei Berstorff has extended its Multiplex extrusion line tyre components by adding the new QuintoPlex line with five extruders. Tyre producers can thus, include additional conductive compounds or other components into…
Too much reclaim in tyres creates furore
Kumho, which has a capacity of 30 million tyres/year at its factories in Tianjin, Nanjing and Changchun, provides tyres to 35 car models produced by major OEMs including GM, Volkswagen, Hyundai, Dongfeng Peugeot Citroen and homegrown brands like Great Wall Motor and Hafei.
Nitrile latex giant created in Malaysia
The country currently caters up to 65% of the world’s natural glove market and also supplies about half of the world’s nitrile glove market.
Tyre sector comes out tops
The OE and replacement tyre markets are expected to push the market along with OE passenger car tyre sales to grow from 290 million units in 2010 to 400 million units by 2020, while replacement car tyre sales will grow from 760 million units in 2010 to 1.2 billion units by 2020.
Michelin on track in China
FRENCH tyre maker Michelin will set up a joint venture company with Double Coin Holdings and Shanghai Huayi to produce and market Warrior brand passenger car and light truck tyres for the Chinese market. Michelin will own 40% of the…
Goodyear’s groundbreaking
American Goodyear Tire & Rubber has broken ground on its new global headquarters complex in Akron, US. The project is scheduled to be completed in early 2013 and involves the relocation of 2,000 staff. The new building will serve as…
Indian tyre company sold
GERMAN tyre company Continental has signed an agreement with India-based V K Modi Group to acquire its tyre business, Modi Tyres. Terms were not disclosed. The supplier said the completion of the transaction depends on the fulfilment of several conditions.…