Rubber chemicals market to reach $5.3 billion by 2024

curata__nidUfALB3wB9j4Z.jpeg

CLEVELAND—The worldwide market for rubber processing chemicals is poised to grow 4.9 percent annually, from $3.63 billion last year to more than $5.31 billion by 2025, according to new research from Global Market Insights. The CAGR figure is in line with other markets reports on the rubber processing chemicals sector. Some studies, however, project …

Read the source article at Global Rubber Markets News

CANADA: Detroit 3 drag November sales down 8.2%

Canadian new-vehicle sales fell for the eighth consecutive month in November, down 8.2 percent when compared with the same month last year, according to the Automotive News Data Center in Detroit.

Read the source article at Front Page

U.S.-China trade truce triggers European share surge

curata__GHs8QQr5zBJNx0S.jpeg

U.S. President Donald Trump and Chinese President Xi Jinping reached a truce at the G20 meeting on Saturday, halting additional tariffs and agreeing to fresh talks aimed at reaching an agreement within 90 days.

Although markets reacted positively, some investors and analysts said the outcome had already been partly anticipated and there remained much for the two to agree upon.

Read the source article at Stock Market Quotes and News

In terms of value, the rubber process oil market is projected to grow at a CAGR of 4.1% from 2018 to 2023

NEW YORK, Nov. 27, 2018 /PRNewswire/ — In terms of value, the rubber process oil market is projected to grow at a CAGR of 4.1% from 2018 to 2023.

Read the source article at PR Newswire

Roadmap for making India self-reliant in NR by 2030

The Indian natural rubber (NR) plantation sector supports an industry that is vital to the nation’s industrial and economic growth. Sustained extension efforts supported by focused research and development by the Rubber Board for more than 60 years in the past helped establish a robust NR production base in the country, characterised by a steady expansion in area under cultivation and increase in productivity and total production. This helped India achieve near self-sufficiency in NR production until 2010. The rubber products manufacturing industry and earnings from export of value-added rubber products registered a robust growth over the years. As the Indian economy is expected to maintain its buoyancy in growth, it is estimated that by 2030 the country would require about 20,00,000 tonnes of NR per year. Present production is in the range of 

Read the source article at Rubber Asia

Michelin-Chandra Asri JV inaugurates Indonesia SR plant

curata__xmMg9g4RncJh7dD.jpeg

Cilegon, Indonesia – PT Synthetic Rubber Indonesia (PTSRI), officially inaugurated its plant for the production of butadiene rubber (BR) and solution styrene butadiene rubber (SSBR), the Michelin-Chandra Asri Petrochemical joint venture has announced.

The 29 Nov opening of plant in Cilegon was attended by the country’s minister of industry Airlangga Hartarto and other senior government officials.

Established in June, 2013, PTSRI is a JV between Michelin and PT Chandra Asri Petrochemical Tbk, with a share-ownership of 55% and 45% respectively.

Read the source article at European Rubber Journal

ANRPC meet stresses need to tackle emerging challenges

curata__VRa42Xq37NJR2Ph.jpeg

The 11th Annual Rubber Conference of Association of Natural Rubber Producing Countries (ANRPC), hosted by the Government of Thailand, was held in Chiang Rai on October 8, 2018 with the theme “Adapting for the emerging mega trends”. There were 187 participants from 11 countries, including 93 from Thailand. The inaugural session started with a welcome address by Somboon Siriwech, Deputy Governor of Chiang Rai Province.

Read the source article at Rubber Asia

Nokian opens new research center for heavy duty tires in Finland

Nokian Tires announced it has opened a new research and development center in Nokia, Finland to address demand for premium heavy duty tires.

The modern research and development center accelerates the testing phase of new tire models, maintaining the premium quality that Nokian Tires has been known for 120 years.

“In the entire history of Nokian Tires, this is the most remarkable investment in the product development of heavy tires”, says Nokian Heavy Tires R & D Manager Kalle Kaivonen.

Read the source article at Traction News

German automakers jump on potential U.S.-China tariff truce

BMW shares rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported U.S.-built cars shipped to the world’s biggest automotive market. Daimler and Volkswagen Group also rose sharply. BMW and Daimler, which export SUVs from U.S. plants to China, stand to be the biggest gainers from a potential reduction of tariffs. Six of the ten best-selling U.S. auto imports to China are made by the two German luxury automakers.

Read the source article at Automotive News Europe

U.S., Canada, Mexico continue brinkmanship on trade deal until signing

curata__eA9wwz8HXCrxLWX.jpeg

BUENOS AIRES (Reuters) – The leaders of Mexico, Canada and the United States were due to sign a North American trade pact on Friday, although brinkmanship over the final details of the deal continued through the eve of the signing.

It was unclear what exactly the three countries would sign. They agreed on a deal in principle to govern the more than trillion dollars of mutual trade after a year and a half of acrimonious negotiations concluded with a late-night bargain just an hour before a deadline on Sept. 30.

Read the source article at Global Rubber Markets News