Conti takes full ownership of Sri Lankan tire maker Eu-Retec

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KALUTARA, Sri Lanka — Continental A.G. has acquired full ownership of Sri Lankan solid tire maker Eu-Retec (Pvt) Ltd., buying the 49-percent stake it didn’t own from the company’s managing director.

Read the source article at Tire Business

IRSG organising “Women for Rubber” photo competition

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The International Rubber Study Group (IRSG) is organising a “Women for Rubber” photo competition to pay tribute to women’s contribution in the rubber industry as part of IRSG’s 75th Anniversary celebrations. This contest is supported by Singapore Committee for UN Women and prizes are sponsored by Namazie International, IRSG says in a Press release.

Read the source article at Rubber Asia

Conti opens €30m hose plant in China

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Qingdao, China – ContiTech AG has relocated its hose production plant in Qingdao to a new facility in Qingdao Sin-German Ecopark, on the east coast of Shandong province..

The RMB240-million (€30 million) plant covers an area of 84,000 sqm and manufactures “high-quality” hose products and mobile fluid system solutions for the Chinese automotive industry, the company announced 18 Oct.

Read the source article at European Rubber Journal

European Union issues definitive antidumping duties on Chinese truck, bus tires

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BRUSSELS—The European Commission has published definitive antidumping duties on imports of new and retreaded truck and bus tire imports originating in China that are measurably lower than the duties proposed in May.

Read the source article at Rubber and Plastics News

Linglong confirms $300 million deal for Brazil, Paraguay

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Linglong Tire confirms the signing of a US$300 million deal with Paraguay-based tyre distributor Sunset Tires. Wang Feng, chairman of Linglong Tire, put his signature on a strategic cooperation agreement along with Nabil Chamseddine, chief executive officer and president of Sunset, on 12 October.

Read the source article at Tyrepress

China Tire Industry report – October

This is the latest summary of our analysis of China’s tire industry. We publish a weekly report on the tire industry in China. It is the only English-language source of information for those who want to keep up-to-date with commercial, legislative, policy and recycling developments in the tire industry in China. Since this was distributed to our

 

 

Read the source article at tireindustryresearch.com

Vietnam to promote value addition to NR

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Badly hit by prolonged drop in natural rubber (NR) prices, Vietnam, the world’s third largest NR producer, plans to boost domestic consumption by promoting the manufacturing of rubber products such as tyres, gloves, automobile spare parts etc for both domestic and export markets.

Globally, unprecedented price falls, adverse weather and growing usages of synthetic rubber are pushing traditional natural rubber growers to other agricultural commodities. The same trend is seen in Vietnam too. Rubber growers are increasingly switching to fruits trees, cashew and pepper. Some are doing inter-cropping and converting only a part of their rubber plantations.

Read the source article at Rubber Asia

Yokohama makes senior management changes

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Tokyo – Yokohama Rubber Co. Ltd has announced senior management changes effective as of 1 Oct.

Takashi Shirokawa has been given an additional role as head of the company’s Tire Materials Development department no.1.

This in addition to Shirokawa’s current roles as head of the Tire Materials Development division, head of R&D Center and head of R&D department.

Also, Osamu Mikami has gained an extra role as head of the company’s Hamatite and Electronic Materials division.

Read the source article at European Rubber Journal

Synthetic rubber prices likely to remain volatile

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AKRON—Prices for synthetic rubber and petrochemical feedstocks have been “incredibly volatile” and are likely to remain so for a while, according to a speaker at the International Tire Exhibition & Conference in Akron Sept. 11-13.

“Energy- and economy-related fundamentals in the synthetic rubber market are encouraging, but risks abound,” said Bill Hyde, executive director-olefins and elastomers at IHS Markit.

Read the source article at Global Rubber Markets News

Tocom aims to double rubber trading with new contract

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Technically-specified rubber futures will start trading on October 9, according to President Takamichi Hamada. Trading volumes will probably exceed ribbed-smoked-sheet rubber, the type currently traded on Tocom, in the short term, Hamada, 68, said in an interview in Tokyo. The exchange is also aiming to surpass volumes on Singapore Exchange, he said.

Tocom is Japan’s largest commodity exchange and has offered RSS rubber contracts for almost 66 years.

 

Read the source article at Global Rubber Markets News