Cheng Shin Rubber to build its seventh plant in China

On June 19, the Taipei Times printed comments made to this effect by company vice president Wu Hsuan-miao following Cheng Shin's annual general meeting the previous day. "We will come up with a concrete plan on the construction of a new plant early next year, when the global demand for tires is set to stabilize," Wu told the Taipei Times. He adde

Source: 中国橡胶网

2013/07/24

Rubber reaches one-week low as China’s demand reduces

Rubber fell to a one-week low as concerns grew that demand from China, the largest consumer, may weaken after data showed the nation’s economy slowed for a second quarter. Rubber for delivery in December on the Tokyo Commodity Exchange lost as much as 2.1 percent to 233.5 yen a kilogram ($2,335 a metric ton) and was at 234.6 yen at 9:57 a.m. after a h

Source: 中国橡胶网

2013/07/16

China natural rubber prices on July 15

Commodity Sectors Price Date Natural rubber Rubber & plastics 16650.00 2013-07-15 Natural rubber Rubber & plastics 16721.43 2013-07-14

Source: 中国橡胶网

2013/07/15

TBC ramping up Sailun line

TBC Corp. is ramping up the Sailun "value line" brand it sources from China with additional Atrezzo passenger product lines and expanded size ranges in the Terramax SUV line. The expansion begins with the Atrezzo Z4+AS, an all-season version of the Sailun Atrezzo high-performance line designed principally for the North American market and availabl

Source: 中国橡胶网

2013/07/12

RSP owners see more growth ahead in China

When RSP Inc. opened a third facility in China, it marked the latest example of the company's rapid growth. The rubber and plastic products maker has averaged an annual 25 percent increase in sales during the last three years, and about 40 percent in 2012. RSP opened a 15,000-sq.-ft. facility in Shenzhen, China, in March, the third plant that it operates i

Source: 中国橡胶网

2013/07/11

Avon Rubber diving aggressively into rebreather market

Avon Rubber P.L.C. has acquired VR Technology Ltd. to move full force into the rebreather product manufacturing market. It also has purchased a new factory in Wisconsin for its Avon Engineered Fabrications business. Avon Rubber said the combined cost of the new plant and the purchase of VR Technology was about $3.9 million. VR Technology produces rebreathe

Source: 中国橡胶网

2013/06/26

Two Chinese OTR tire makers drop review request on antidumping

Two Chinese tire manufacturers have withdrawn their request to the Commerce Department for an administrative review of U.S. antidumping duties of OTR tires imported from China. Shandong Linglong Tyre Co. Ltd. and Hangzhou Zhongce Rubber Co. Ltd. both asked for reviews of OTR tire tariffs late last year in response to a routine Federal Register notice posted

Source: 中国橡胶网

2013/06/20

China truck tire overcapacity immense

Three things of note about China's truck tire industry: There's a big production overcapacity situation; retreading virtually is non-existent; and the process of radialization is coming to a close. These facts are interrelated, according to Boudewijn De Loose, global marketing manager of Bekaert Corp. He was one of the speakers at the June 6-7 Rubber Asso

Source: 中国橡胶网

2013/06/19

Apollo Tyres To Acquire Cooper Tire & Rubber Company

On June 12, Apollo Tyres Ltd and Cooper Tire & Rubber Company announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both

Source: 中国橡胶网

2013/06/18

China natural rubber prices on June 13

Commodity Sectors Price Date Natural rubber Rubber & plastics 17871.43 2013-06-13 Natural rubber Rubber & plastics 18392.86 2013-06-12

Source: 中国橡胶网

2013/06/14

Lanxess opens Asia’s most modern butyl rubber plant in Singapore

At an official ceremony attended by around 400 guests, Lanxess inaugurated its new butyl rubber plant on Jurong Island in Singapore on schedule. The specialty chemicals company has invested approximately EUR 400 million in the plant, which will have a capacity of 100,000 metric tons. The plant will create about 160 highly qualified new jobs that will mainly

Source: 中国橡胶网

2013/06/13

Little tire industry growth expected

Asia is the only real growth area for the world tire industry in the near future, according to Dennis Byrne, professor emeritus of economics at the University of Akron. Mr. Byrne, who spoke at the 29th annual Clemson University Tire Industry Conference at Hilton Head Island, said “the only real game in town at the moment is in China and perhaps India.

Source: 中国橡胶网

2013/06/09

BMW to invest 100 million euros in China

BMW Group announced Monday evening that it inked an agreement with the Chinese Brilliance Auto (or Brilliance China Automotive Holdings Ltd) under which the German automaker will invest EUR 100 million in the world's largest car market. The agreement was signed under the joint patronage of German Chancellor Angela Merkel and Chinese Premier Li Keqiang, now

Source: 中国橡胶网

2013/06/08

China natural rubber prices on June 7

Commodity Sectors Price Date Natural rubber Rubber & plastics 18421.43 2013-06-07 Natural rubber Rubber & plastics 18588.46 2013-06-06

Source: 中国橡胶网

2013/06/07

Continental Names Cramer to Head China Business

Continental AG has named Ralf Cramer to head its operations in China. Cramer, 47, also is a member of Continental's management board and most recently led the company's Chassis & Safety business. Source: tirereview.com  

Source: 中国橡胶网

2013/06/06

ITC cancels review of OTR tire import duties

The International Trade Commissions (ITC) has cancelled a review of the antidumping duties placed on certain off-the-road tire imports from China between September 1, 2011, through August 31, 2012. The ITC initiated the review of the antidumping duty order in response to a request from Shandong Ling Long Tyre Co., Ltd. (“Linglong”) and Hangzhou

Source: 中国橡胶网

2013/06/05

CMA breaks ground on Calif. DC

China Manufacturers Alliance L.L.C. (CMA) has broken ground on a 129,000-sq.-ft. distribution center in Rancho Cucamonga, which it expects to have in operation before year-end. The new facility, being on a six-acre plot of land near the intersection of 8th Street and Vineyard Avenue in Rancho Cucamonga, will replace a smaller, leased facility in San Dimas,

Source: 中国橡胶网

2013/06/04

China natural rubber prices on June 4

Commodity Sectors Price Date Natural rubber Rubber & plastics 18707.69 2013-06-03 Natural rubber Rubber & plastics 18784.62 2013-06-02

Source: 中国橡胶网

2013/06/04

Sinochem to expand its African rubber plantations by 20,000 hectares

On May 24, Cameroon Prime Minister Philemon Yang held talks with Sinochem group's officials. The Chinese company, Sinochem , that holds 90 percent shares in the Hevecam rubber company in the South Region, has announced the imminent expansion of its plantations by 20,000 hectares with the site ready for planting. The company's president, who is also the ch

Source: 中国橡胶网

2013/05/30

Asia Carbon announces earnings and plant upgrades

Asia Carbon Industries, Inc. announced its earnings for the quarter ended March 31, 2013. The company, whose shares trade in the U.S. on the OTCQB Tier of the OTC Markets under the stock symbol "ACRB", filed its quarterly report on Form 10-Q with the Securities and Exchange Commission on May 15, 2013. Commenting on the results, Yao Guoyun, Asia Ca

Source: 中国橡胶网

2013/05/29