REGENSBURG, Germany (Reuters) – Vitesco, the powertrain division of auto supplier Continental (CONG.DE), faces margin pressure as it shifts its business beyond combustion engines, which make up 90% of revenues, to capture growth from electromobility, Chief Executive Andreas Wolf said. “Electrification is a huge change for the company but also a massive opportunity,” Wolf told Reuters in an interview.
After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.
While Magna International Inc. anticipates growth to 2022 it does expect sales this year to fall compared with 2019 due to a variety of factors. In its , the Canadian auto supply giant said the stronger U.S. dollar, the sale of its fluid pressure and controls business and lower expected light vehicle production in Europe will all contribute to lower sales in 2020. The company says it expects total sales between $38 billion and $40 billion this year.
Ivory Coast is Africa’s top natural rubber exporter and the seventh largest producer in the world. New plantations have proliferated as farmers switch from cocoa to rubber in search of more stable incomes.
Akpangni Attobra, APROMAC’s general secretary, told Reuters on Wednesday that output will keep rising and should reach 950,000 tonnes in 2021.
CLEVELAND—The rubber processing oils market has seen a number of changes during the years, including a shift in the focus of big refineries that aren’t likely to supply RPOs anymore and changes in materials brought on by regulations.
BRUSSELS—Bridgestone secured nearly 100 new original equipment fitments in 2019 across the Europe, Middle East and Africa region, the company disclosed recently.
KUALA LUMPUR, Malaysia — World demand for rubber is expected to grow 2.6% in 2020 after falling an estimated 1.5% last year from 2018, new figures from the International Rubber Study Group show.
WASHINGTON — Tariffs and trade were the big government-related news out of Washington in 2019, a year in which partisan gridlock combined with the pending impeachment trial of President Donald Trump to prevent much legislation from passing Congress.
The market is expected to remain prominent in the Asia Pacific, Center East, and Africa, North America, South America, and Europe regions as companies are intensifying business operations and focusing on increasing market share.
Although the price of rubber prices is not easy to rise, the bottom may rise: the supply and demand structure in 2020 has not yet undergone a substantial change, and it is not easy for a sustained offensive increase. But the bottom may rise upwards: previously seen bottom opportunities may be difficult to see.