News
LANXESS and Saudi Aramco create world-leading joint venture for synthetic rubber
• The world’s largest producer of synthetic rubber and the world’s largest oil and energy producer enter strategic alliance
• LANXESS and Saudi Aramco will each hold a 50 percent interest in the joint venture
• Joint venture valued at EUR 2.75 billion
• Zachert comments: “This will create one of the world’s best
Source: 中国橡胶网
2015/09/23
Trinseo to close one latex plant and upgrade another
Trinseo has announced plans to close its styrene butadiene latex plant in Gales Ferry, CT, due to continuing declines in the coated paper industry in North America, and as part of a program to reduce costs in the business by a $5MM run rate in 2016. Customers will be sourced from Trinseo’s other latex plants in Midland, Michigan, and Dalton, Georgia. T
Source: 中国橡胶网
2015/09/22
Bridgestone Europe nominated as FAST supplier by Volkswagen
Bridgestone has been selected to work with Volkswagen under the new "Future Automotive Supply Tacks" initiative (called FAST). Bridgestone is the only tyre supplier in the prestigious list of 44 FAST companies, representing what Volkswagen considers to be the outstanding partners in their respective sectors.
Reacting to this nomination, Mr. Franco
Source: 中国橡胶网
2015/09/18
ChemChina to buy into Rosneft SR project
Russian oil firm Rosneft Oil Co. has agreed to sell majority control of its Far-East Petrochemical Co (FEPCO) project in Nakhodka, Russia, to China National Chemical Corp. (ChemChina), which will become a key strategic partner in the project that includes synthetic rubber.
Rosneft Chairman Igor Sechin and ChemChina Chairman Ren Jianxin signed a memorandum o
Source: 中国橡胶网
2015/09/14
China natural rubber prices on September 10
Commodity
Sectors
Price
Date
Natural rubber
Rubber & plastics
10743.33
2015-09-10
Natural rubber
Rubber & plastics
10782.00
2015-09-09
Source: 中国橡胶网
2015/09/11
Global automotive sealing systems market expected to grow 7% in the next five years
Automotive Window and Exterior Sealing Systems Market by Type (Glass Run Channel, Roof Ditch Molding & Exterior Sealing), Vehicle Type (Passenger Car, LCV & HCV), & by Region ( Asia-Pacific, Europe, North America & RoW) - Global Trends and Forecast to 2020 ", The global Automotive Window and Exterior Sealing Systems Market is projected t
Source: 中国橡胶网
2015/09/08
Wuhan Tokai Minth Company to Construct One EPDM One-stage Mixing Line Project
To meet the requirements of expanding the production scale, Wuhan Tokai Minth Automotive Parts Co., Ltd. plans to invest RMB 10 Million Yuan in the technical transformation of the present traditional mixing process to build one EPDM one-stage mixing line.
The one-stage rubber mixing technology to be constructed by this company can improve the mixing quality
Source: 中国橡胶网
2015/09/06
Technical Transformation of Anhui Giti Passenger Car Radial Tire Company
To realize the sustainable development of the enterprise, Anhui Giti Passenger Car Radial Tire Co., Ltd. decides to invest RMB 192 Million Yuan in technical transformation instead of increasing production capacity and the number of employees based on the current production conditions.
The project aims at reasonably adjusting the production layout, improving
Source: 中国橡胶网
2015/09/06
Huron Technologies develop a high performance release agent rubber manufacturing
The Engineers at Huron Technologies have developed a high performance release agent for various applications in the rubber manufacturing industry. Titled Release Coating 8056, this modified product has been created for the assisted release of fluorinated rubber compounds and FKM rubber materials that require silicone-free processes.
Clients of Huron Technol
Source: 中国橡胶网
2015/09/01
Sumitomo Rubber reports lower income for first half of 2015
Sumitomo Rubber Industries Ltd. suffered drops in operating and net income during the six months ended June 30 as price/mix and foreign exchange offset gains the company reported in lower materials costs. Operating income fell 16.6 percent to $243.4 million while net earnings were off 8.4 percent to $166.4 million. Sales were up 2.7 percent to $3.24 billion.
Source: 中国橡胶网
2015/08/27
U.S. demand for industrial rubber products is expected to rise 3.4 percent
ReportLinker.com reports US demand for industrial rubber products is expected to rise 3.4 percent per year to $24.4 billion in 2019. Gains will be fueled by greater production of machinery and healthy growth in nonresidential construction spending. A modest bump in motor vehicle production through 2019 will also provide industrial rubber producers with new s
Source: 中国橡胶网
2015/08/25
India considering allowing foreign direct investment in rubber plantations
The Indian government is considering allowing foreign direct investment (FDI) in rubber and coffee plantation sectors with an aim to attract more FDI into the country. A proposal to this effect is under consultation of the Commerce and Industry Ministry, sources said. Currently, 100 per cent foreign investment is permitted through the government approval rou
Source: 中国橡胶网
2015/08/19
Trelleborg Sealing Solutions to expand LSR facility in Bulgaria
Trelleborg Sealing Solutions demonstrates its commitment to developing its global Liquid Silicone Rubber (LSR) injection molding manufacturing footprint with a further investment in support of the technology at its LSR facility in Pernik, Bulgaria. Boasting compliance with ISO 22000 Food Safety Management System, in particular, the Bulgarian facility will fo
Source: 中国橡胶网
2015/08/14
LANXESS raises guidance for 2015 following a strong second quarter
• New guidance for the full year 2015: EBITDA pre exceptionals expected between EUR 840 million and EUR 880 million
• Sales in the second quarter of 2015 rose by around 4 percent to EUR 2.1 billion
• EBITDA pre exceptionals increased by 13 percent to EUR 270 million
• Net income increased substantially by some 58 percent to EUR 87 mill
Source: 中国橡胶网
2015/08/10
Rubber enters bear market as demand wanes in China
Rubber in Tokyo entered a bear market as a slowdown in China, the world’s largest consumer, is worsening a global glut amid rising shipments from producers. Benchmark futures dropped 20 percent from a 16-month high reached June 1, meeting the common definition of a bear market. The contract for January delivery fell 1.5 percent to settle at 194.5 yen a
Source: 中国橡胶网
2015/08/05
ContiTech unveils its updated North American headquarters in Fairlawn, OH
ContiTech unveiled its new-look North American headquarters in Fairlawn, OH, and ContiTech NAFTA CEO Jim Hill pledged that the new organization would focus on informing its customers and the public about the new name and new brands created by the acquisition of Veyance Technologies. “We will continue to provide the same top-quality products and service
Source: 中国橡胶网
2015/08/03
Avon Rubbber acquires Hudstar Systems
Avon has completed the acquisition of 100 percent of the share capital of Hudstar Systems Inc. (Hudstar) for $5.1 million in cash from existing cash resources. Hudstar is a leading Florida-based designer and manufacturer of electronic control systems used in powered and supplied air respiratory protection systems, largely for Avon’s award winning Delta
Source: 中国橡胶网
2015/07/31
Michelin sales, earnings up in half-year
Group Michelin reported an 8.9-percent jump in operating income for the six months ended June 30, on 8.5-percent higher sales.
The report prompted management to affirm previously disclosed growth projections for fiscal 2015.
Operating income before non-recurring items rose to $1.41 billion, or 12 percent of sales, as sales hit $11.7 billion on 2.4-percent
Source: 中国橡胶网
2015/07/29
Global synthetic rubber market anticipated to reach $45.7 billion by 2023
Transparency Market Research has released a new market report titled "Synthetic Rubber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023." According to the report, the global synthetic rubber market was valued at $29,121.2 million in 2014 and is anticipated to reach $45,767.1 million by 2023, expanding at a CA
Source: 中国橡胶网
2015/07/27
Iran nuke deal may bode well for tire industry
A nuclear agreement between Iran and the West has been welcomed by some industry leaders and could be good news for the tire industry in the Persian Gulf state.
The deal, recently struck in Vienna between an Iranian negotiating team and a team of diplomats from the U.S., England, France, Russia, China and Germany, is aimed at preventing the Islamic republic
Source: 中国橡胶网
2015/07/24
