Italy’s retreading specialist Marangoni Group has acquired GRP Ltd.’s 50% stake in the joint venture company in India – Marangoni GRP Pvt. Ltd – through its wholly owned subsidiary, Leader Rubber Company (SA) Prop., South Africa. The 50:50 jv company, incorporated…
Tag: rubber
Michelin now sole owner of Indonesian sustainable plantation project
French tyre maker Michelin, which previously held 49% shares, has bought a further 51% of the capital of Royal Lestari Utama (RLU), a joint venture with Indonesian energy company Barito Pacific Group, thus becoming the sole owner of RLU. The project, which was…
Recycling: Finding ways to recycle rubber
In the lead-up to the K trade fair 2022, industry association VDMA provides an interview with Daniela Dingfelder, COO of Deguma-Schuetz GmbH, on the potentials of recycling rubber. Is rubber sustainable as a material? Both natural rubber and synthetic rubber…
Semperit opens new production site and hq in US
Vienna-based polymer products firm Semperit Group two years ago made the decision two years ago to invest around US$10 million into the installation of two new production lines for rubber gaskets as well as the relocation of the existing headquarters…
India’s e-trading platform for NR goes live
India’s Rubber Board says that the electronic platform it developed for natural rubber (NR) trading, known as mRube, will go live on 8 June 2022. The e-trading platform has been launched to improve the marketing effectiveness in the NR supply chain, according to the…
Wacker earmarks EUR100 mn for capacity increase of silicone rubber
To meet growing demand for silicone rubber, German firm Wacker Chemie AG is accelerating the expansion of its production capacities. Investment projects to this end are either in the planning stage or are nearing completion. Significant capacity expansions for liquid silicone rubber (LSR)…
Italian recycler receives EUR2.5 mn financing for expansion
Italian rubber recycler Rubber Conversion says it has closed a EUR2.5 million financing round. The start-up that is active in rubber recycling, spanning pre and postconsumer scrap says it will use the funds to expand its processing capacity and enter…
Malaysia’s glove sector ready for endemic stage
With Malaysia, the largest producer of gloves in the world, set to open its borders on 1 April, the Malaysian Rubber Glove Manufacturers Association (MARGMA) has welcomed the government’s move to transition to the endemic stage of the two-year pandemic…
India’s RCPSDC to aid Tripura rubber tappers to improve skills
Delhi-based RCPSDC (Rubber, Chemical & Petrochemical Skill Development Council) has tied up with the Tripura state government, in north eastern India, to improve the livelihoods of rubber growers belonging to OBC Cooperative Development Corporation community through a project involving skills training in rubber tapping…
Thai rubber output climbs 1.8% in 2022
According to the Rubber Authority of Thailand (RAOT), Thailand, a major global rubber producer, is expecting to produce 4.9 million tonnes of natural rubber in 2022, up 1.82% from a year earlier. As per Athiwee Dangkanit, Director of Rubber Economy…