Versalis increases presence in Asian SBR market via new sales agreement with Reliance

Versalis Pacific Trading (Shanghai), a 100% subsidiary of Versalis (Eni), a major producer in the polymers and elastomers industry, announced to have signed an Styrene Butadiene Rubber (SBR) Sales Agreement with Reliance Industries Ltd, an Indian based corporation, to commercialize the rubber produced by Reliance in the new Indian plant. The SBR Sales Agreem

Source: 中国橡胶网

2015/07/22

Goodyear declares dividend on common stock and announces date for second quarter results

Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 6 cents per share of common stock. The dividend is payable September 1, 2015, to shareholders of record on July 31, 2015. The payout represents an annual rate of 24 cents per share. The Goodyear Tire & Rubber Company will report second quarter 2015 financial results

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2015/07/20

China natural rubber prices on July 16

Commodity Sectors Price Date Natural rubber Rubber & plastics 12063.33 2015-07-16 Natural rubber Rubber & plastics 12090.00 2015-07-15

Source: 中国橡胶网

2015/07/17

Cooper Tire teams with dealers to open new tire sales and service centers in China

With China poised to become the world’s largest tire market by 2017, the Cooper Tire & Rubber Company family of companies continues to expand its presence in the region by teaming with tire dealers on a new retail concept for Cooper-branded tire sales and service superstores. Over the past eight months, the company and local dealer partners have op

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2015/07/15

Continental is recalling approximately 3,800 tires due to tread seperation

Continental is recalling approximately 3,800 Continental ContiProContact P205/65 R15 95T XL passenger vehicle tires produced in February 2015 and sold in the replacement market only. The tires may experience tread separation. Continental says it has not received any reports of accidents or injuries resulting from this condition. The recalled tires can be ide

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2015/07/13

ContiTech opens compounding center in China

ContiTech A.G. has launched production at its newest rubber compounding facility — the first it has built in China. Cost of the project was a little more than $11 million, one of the largest investments for a mixing operation in the firm’s history. It’s the company’s first compounding center for general applications, other than tire

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2015/07/10

Greener than green

July 8, 2015, Cologne – Specialty chemicals company LANXESS has looked into how the CO2 footprint can be further reduced during the processing of “green” rubber. Anyone wishing to develop “green” rubber articles can already turn to the Keltan Eco EPDM rubber from LANXESS as an outstanding alternative to conventional synthetic ru

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2015/07/08

Cooper wins dismissal of shareholder suit over defunct Apollo merger

A judge in the Delaware federal district court has granted Cooper Tire & Rubber Co.’s petition for dismissal of a securities class-action lawsuit stemming from the failure of Cooper’s proposed $2.5 billion merger with India’s Apollo Tyres Ltd. Three investment firms — OFI Risk Arbitrages, OFI Risk Arb Absolu and Timber Hill L.L.C

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2015/07/08

Synthetic rubber with high resilience and excellent heat resistance properties

High-molecular EPDM grade for dynamic applications July 6, 2015, Cologne – Specialty chemicals company LANXESS has developed Keltan 9565Q, an ethylene-propylene-diene rubber (EPDM) that can really compete with natural rubber (NR), which is susceptible to aging. This new grade is characterized by its exceptionally high molecular weight, which gives th

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2015/07/06

Giti selects senior vice president

Tire industry veteran John Aben has joined Giti Tire (USA) Ltd. as a senior vice president. Aben recently left Nexen Tire America as senior vice president of sales, a position he had held since 2011. Giti said he will work with the company’s executive team to strengthen the position of Giti’s brands with distributors, dealers and retailers in th

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2015/07/06

Zhongce Rubber's Thai plant set to open

China’s Zhongce Rubber Group Co. Ltd. will hold a ceremonial opening on June 29 of its newest factory, a car and light truck tire plant in Pattaya, with ZC Rubber Shen Jinrong hosting the event. The factory, located in the Amata City Industrial Park in Rayong Province near the port city of Pattaya, opens with a first-phase annual capacity of 5 million

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2015/07/02

"Natural Rubber from Dandelion" Project: Scientists Awarded Joseph von Fraunhofer Prize 2015

Hanover, June 10, 2015. The Fraunhofer Institute for Molecular Biology and Applied Ecology (IME, Münster branch), the Institute for Plant Biology and Biotechnology of the University of Münster, and the Tire Division of Continental in Hanover are successfully collaborating on a project entitled "RUBIN – Industrial Emergence of Natura

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2015/07/01

Engel's new rubber injection molding machine debuts at IRC trade fair

Engel will introduce its new injection moulding machine specifically developed for rubber processing for the first time at the IRC trade fair. The hydraulic machine is “compact, precise and economical” says the company, and can process all common rubber compounds, making it well-suited to the production of o-rings and flat gaskets competitively.

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2015/06/29

Cimcorp automating Sentury's Thai plant

Chinese tire maker Qingdao Sentury Tire Co Ltd. has ordered for its factory being built in Thailand a turnkey materials-handling solution from Finnish robotic automation systems supplier Cimcorp Group. The order, valued at $33.6 million, is for a fully automated handling system based on Cimcorp’s “Dream Factory” solution, according to the

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2015/06/26

Michelin to invest $22 million to increase capacity at Dothan, AL, plant

Michelin North America announced it is investing $22 million in its Dothan facility in order to increase the production of its high-performance light truck and SUV passenger tires. Michelin said the investment will create about 40 new jobs at the plant. Currently, the Dothan facility employs 560 people. “Over the past several years, the Dothan site has

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2015/06/23

Kumho ups accuracy by using RFID tags on half-finished tires

Kumho Tire has begun to apply the radio-frequency identification (RFID) system on its half-finished products in its domestic plants – marking the very first time a manufacturer has done so, according to a report by BusinessKorea. The tiremaker began placing RFID tags on completed TBR tires in 2013; it added passenger tires to the system last year. By

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2015/06/18

Bridgestone projects aftermarket growth

Bridgestone Americas expects aftermarket tire demand to keep growing steadily throughout 2015 and into 2016 based on based on data that show residents are driving more expectations that gas prices will not rise measurably and indications the economy in general is improving. T.J. Higgins—president, consumer tire sales, U.S. and Canada for Bridgestone A

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2015/06/17

Commerce makes final duties rulings on Chinese tires

Chinese passenger and light truck tire importers are dumping their products in the U.S. at margins ranging from 14.35 to 87.99 percent, the Commerce Department’s International Trade Administration has ruled. Also, the same importers are obtaining Chinese government subsidies ranging from 20.33 to 100.77 percent, according to the decision issued by Com

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2015/06/16

Apollo Tyres expands its truck-bus radial range in Iran

Apollo Tyres expanded its range of truck-bus radials (TBR) in the Iranian market. New variants of the highly successful Apollo Endurace range of truck-bus radials were introduced late in the evening yesterday, to the 75+ Business Partners in Iran, in association with Apollo Tyres’ distributor, Alton Rah Tohid Jonob Khozestan Coop Co. With high expectat

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2015/06/15

Chinese tires duty determinations due June 12

The Commerce Department’s International Trade Administration is scheduled to issue its final determination June 12 on whether countervailing and antidumping duties should be levied on passenger and light truck tires imported from China. The agency will issue a fact sheet outlining the reasons for its decisions, according to a Commerce spokesperson. T

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2015/06/12