China natural rubber prices on June 27

Commodity Sectors Price Date Natural rubber Rubber & plastics 14393.33 2014-06-27 Natural rubber Rubber & plastics 14360.00 2014-06-26

Source: 中国橡胶网

2014/06/27

Thailand may use its NR stockpile for domestic infrastructure

Thailand may use some of its huge 210,000 metric ton natural rubber stockpile for domestic infrastructure, reducing the need to export it into glutted global markets. The International Rubber Consortium says a Thai government committee is proposing using some in building roads, pavements, sports facilities and dams. Thailand’s military had decided not

Source: 中国橡胶网

2014/06/26

Pirelli Partners with BMW Car Club of America

Pirelli Tire North America partnered with the BMW Car Club of America for its 2014 Oktoberfest on June 16-20. The annual event is a way for BMW owner and enthusiast to celebrate their vehicles. Pirelli was the title sponsor of Oktoberfest’s Concours event as well as provided support for additional activities throughout the week. "We are proud to

Source: 中国橡胶网

2014/06/25

Analyst says auto industry to drive TPE growth

North American thermoplastic elastomer demand is set to grow by 6-7 percent in 2014, helped in part by strong growth from the automotive sector, according to longtime consultant Robert Eller. That rate is higher than that seen in 2013, because “in general, the economy is doing better,” Eller said in a recent interview in Bath. This comeback has

Source: 中国橡胶网

2014/06/24

Toyo Tire inaugurates Chinese joint venture plant

Around 70 people attended Toyo Tire & Rubber Co. Ltd.’s opening ceremony of its $50 million joint venture plant in Wuxi, China. Wuxi Toyo Meifeng Rubber Products Manufacturing Co. Ltd. is a joint venture with Wuxi Meifeng Rubber Products Manufacturing Co. Ltd. that manufactures and distributes parts for railway vehicles in China. It was establishe

Source: 中国橡胶网

2014/06/20

Nexen Tire to build new plant in the Czech Republic

The Czech Republic has beaten Poland to attract Nexen Tire Corp. to invest EUR 829 million ($1.1 billion) in its first plant in the European Union as the South Korean company expands outside Asia. "To win this new major investment, the Czech side has had to fight until the last moment against a competing Polish offer," Czech Industry Ministry Jan

Source: 中国橡胶网

2014/06/19

Cooper dedicates tech center in Asia

On the site of the Cooper Kunshan Tire manufacturing plant in Kunshan, China, Cooper Tire & Rubber Co.’s Asia operations hosted a formal dedication ceremony June 12 for a new Asia Technical Center. The site is approximately 30 miles from Shanghai. The new 54,000-square-foot technical center was relocated from Shanghai to a new facility constructed

Source: 中国橡胶网

2014/06/18

Giti to construct $560 million tire plant in S.C.

Giti Tire Group, the predominantly Chinese tire maker headquartered in Singapore, has selected a site in Chester County, S.C., for its first U.S. tire plant, a $560 million project that Giti said will create 1,700 jobs over 10 years. Giti Executive Chairman Enki Tan disclosed the company’s plans this morning at a ceremony in Chester, accompanied by S.

Source: 中国橡胶网

2014/06/17

TBC adds Dynacargo truck tire line

TBC Wholesale has secured the North American sales rights to the Dynacargo-brand medium truck tire line, adding a “value” brand to its portfolio to complement its Sumitomo- and Sailun “optimized” and “high value” products. China Manufacturers Alliance L.L.C. said it has assigned rights to the Dynacargo brand to TBC Wholes

Source: 中国橡胶网

2014/06/16

Toyo Tire announces new mid-term business plan

Toyo Tire & Rubber Co., Ltd. (Akira Nobuki, president) announces the formulation of its new three-year mid-term business plan “Mid-term ’14 GO BEYOND” with 2014 as the start point and 2016—three-years later—as a midpoint at which to achieve specific targets, while looking forward five years to 2018. In May 2011, the company

Source: 中国橡胶网

2014/06/13

Ceat Kelani Holdings opens radial tire plant

On June 10, Sri Lanka’s Ceat Kelani Holdings, a joint venture between India’s RPG Group and Sri Lanka’s Kelani Tyre, opened its new radial tire production plant at its manufacturing complex in Kelaniya, Sri Lanka. Ceat Kelani Holdings has reportedly invested Rs. 1 billion (~$10 million USD) for the newly built radial tire production plant,

Source: 中国橡胶网

2014/06/12

LANXESS HSE workshop energizing green chemistry

June 12, 2014, Ningbo/Shanghai – German specialty chemical maker LANXESS held a joint HSE workshop in Ningbo today along with China Petroleum and the Chemical Industry Federation (CPCIF), sharing insights on environment protection, health and safety (HSE), as well as LANXESS’ approach to sustainability as a responsible corporate citizen in the ch

Source: 中国橡胶网

2014/06/12

CEAT Kelani opens high-tech radial plant

CEAT Kelani, a joint venture company of CEAT India and Kelani Tyres, Sri Lankan firm has commissioned new hi-tech production plant for radial tyres for passenger cars and Sports Utility Vehicles (SUVs). new radial tyre production facility enables the company to augment its radial tyre building and curing capacity by 70 per cent to 450,000 tyres a year, ther

Source: Polymers & Tyre Asia

2014/06/12

Commerce certifies Shandong Linglong as Leo Rubber successor

Shandong Linglong Tyre Co. Ltd. is the legitimate successor to Leo Rubber Co. Ltd. and thus entitled to Leo Rubber’s 12.83-percent antidumping duty rate on off-the-road tires imported from China, the Commerce Department has ruled. Commerce originally granted Shandong Linglong’s "changed circumstances" petition April 17 and invited publ

Source: 中国橡胶网

2014/06/11

ITC preliminary ruling on Chinese tires due by July 18

The International Trade Commission (ITC) has a July 18 deadline to make a preliminary determination on whether antidumping and countervailing duties are justified against passenger and light truck tires imported from China. The ITC must then transmit its findings to the Commerce Department by July 25, according to a June 9 Federal Register notice. Commerce

Source: 中国橡胶网

2014/06/10

Titan Tire Reclamation signs a ten year service agreement for tire disposal

Titan Tire Reclamation Corp. (TTRC), a subsidiary of Titan International, Inc., has been in negotiations with various companies in the oil sands for the disposal of OTR tires and conveyor belting. TTRC will lease ten acres of land from Suncor Energy, north of Fort McMurray, Canada for ten years to operate a pyrolysis system developed by Green Carbon. Green C

Source: 中国橡胶网

2014/06/09

China natural rubber prices on June 6

Commodity Sectors Price Date Natural rubber Rubber & plastics 13853.33 2014-06-06 Natural rubber Rubber & plastics 13840.00 2014-06-05

Source: 中国橡胶网

2014/06/06

Federal Tire outlines strategy at its 2014 Greater China dealer meeting

Federal Tire Corp. held its 2014 Greater China Dealer Annual Meeting from March 2-7 in Heilongjiang Province. The goal of the conference was to deliver the development scheme and marketing strategy of both the Federal and Hero brands to Federal’s valued partners and to celebrate Federal’s 60th anniversary. "Through this meeting, Federal and

Source: 中国橡胶网

2014/06/05

USW files antidumping duty petition over Chinese tires

For the second time in five years, the United Steelworkers union has petitioned the International Trade Commission for relief against passenger and light truck tire imports from China. The USW filed its petition June 3, requesting antidumping and countervailing duty relief under Sections 701 and 731 of the Trade Act of 1930. In April 2009, the union petiti

Source: 中国橡胶网

2014/06/04

Rubber glut seen persisting two more years on China slowdown

A sixth year of global surplus may depress rubber prices through 2016 as maturing trees boost production and slowing growth reduces demand in China, the biggest consumer, according to an industry adviser. Supply will outpace demand by 316,000 metric tons in 2016, compared with 483,000 tons in 2015, according to the London-based The Rubber Economist. The advi

Source: 中国橡胶网

2014/06/03