The company’s financial statement, released Aug. 5, attributed much of the decline to lower margins in China and the global automotive slowdown.
Kuala Lumpur – Global production of natural rubber (NR) fell 6.5% year-on-year to 4.93 million tonnes in the first five months of 2019, according to the latest figures released by the Association of Natural Rubber Producing Countries (ANRPC).
World NR consumption for the five months to end of May rose 0.9% to 5.789 million tonnes, creating a shortfall of just under 860,000 tonnes, ANRPC announced in a 20 Aug statement.
India’s rubber imports from Malaysia alone grew by 16.7% in value terms to $29.7 million in 2018 in the last 10 years. By the Rubber Board’s provisional estimates, the production in 2018-2019 was 648,000 tonne, against 694,000 tonne in 2017-2018. After a brief spell of price recovery up to Rs 152 per kilo last month, […]
The global SR industry continues to drive on growth of the automotive and tyre industries which are undergoing major transformations towards autonomous, electrical, connected, and shared mobility, which means more opportunities for advanced materials. Also in the medical sector, design of high-tech materials is also opening up, challenging opportunities for the SR industry.
Specialty chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. The transaction is still subject to approval by the relevant antitrust authorities. LANXESS expects to complete the planned transaction by the end of 2019.
Tokyo, Japan – Zeon Corp.’s elastomers business has reported weaker first quarter results, on sluggish automotive demand and plant shutdowns.
Net sales for the elastomers segment – comprised of ‘rubbers’, latex and chemicals segments – fell 8% year-on-year to Yen47.1 billion in the three months to end of June, the Japanese materials supplier announced 31 July.
Similarly, sales volume fell 8% to 147 kilotonnes, as all business units reported a decline.
HOUSTON—Citing a challenging macroeconomic environment, particularly in the automotive markets, Orion Engineered Carbons has revised it full year earnings forecast, lowering its anticipated earnings.
Birla Carbon will change all North America contract price formulas from August 1, 2019. The long-used index up to this date, U.S. Gulf Coast High Sulfur Fuel Oil, will change to U.S. Gulf Coast 0.5 percent Sulfur Fuel Oil. Feedstock to make carbon black is sourced from markets driven by marine fuel. This market is undergoing fundamental changes driven by regulations widely known as MARPOL 2020 or IMO 2020, which establishes the maximum allowable sulfur content in marine fuel at 0.5 percent. While this regulation is effective January 1, 2020, the supply chain is adjusting now.
KATY, Texas, July 30, 2019 /PRNewswire/ — U.S. Silica Holdings, Inc. (NYSE: SLCA), a diversified industrial minerals company and the leading last mile logistics provider to the oil and gas industry (the “Company”), today announced net income of $6.2 million, or $0.08 per basic and…
The Indian natural rubber (NR) industry is passing through one of the worst ever crises of late mainly on account of the steep fall in prices, shortage of skilled labour and climatic vagaries. Dr K N Raghavan IRS, who has taken charge recently as the Executive Director of Rubber Board, India, has ambitious plans to increase NR production and productivity to achieve the target of 7,50,000 MT kept for 2019-20 by involving the Rubber Producers Societies (RPS’s) in this effort in a major way. In an exclusive interview to Rubber Asia, he elaborates on these plans and discusses many other crucial issues facing the Indian NR industry. All avenues are being explored to increase the area under rubber cultivation and to take NR production to new heights, he says.