Report: Michelin-licensed rubber JV to start operation in Q2 ‘18

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Jakarta – A Michelin-licensed synthetic rubber manufacturing plant in Indonesian is 93.5% complete and set to start production in spring, according to a news report.

The facility is to be operated by PT Synthetic Rubber Indonesia (SRI), a joint venture company of Michelin and PT Chandra Asri Petrochemical Tbk (CAP).

Read the source article at European Rubber Journal

Linglong revenue up 32% in 2017 to $2B-plus

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YANTAI, China — Linglong Group Co. Ltd.’s revenue jumped by nearly one-third this past year over 2016, according to a recent filing on the Shanghai Stock Exchange.

Read the source article at Tire Business

Only one thing stops me buying Avon Rubber

All Avon Rubber (AVON) needs to do is not mess up, to prosper. It should make a good long-term investment. Perennially on my watchlist, I’ve decided to add Avon Rubber to the Decision Engine.

Read the source article at interactive investor

J.D. Power’s 2016 sale to Chinese firm shrouded in mystery, report says

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The 2016 deal for J.D. Power left a U.S. company famed for enhancing transparency — shining a light on quality and customer satisfaction in the automotive and other industries — owned by a private Hong Kong company that was soon embroiled in a largely hidden dispute in China over the source of its funding. The 2016 deal for J.D.

Read the source article at Front Page

Global automotive rubber seal market to cross $14.5 billion by 2022: Report

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The global automotive rubber seal market is expected to cross $ 14.5 billion by 2022, says a TechSci Research report. The driving factors include rising demand for rubber seals from OEMs, growing rubber seal sales in the replacement market across the globe, and increasing penetration of passenger cars in developing countries.

Read the source article at Rubber Asia

Shin-Etsu sees double-digit growth in silicones business

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TOKYO—Japanese materials supplier Shin-Etsu saw double-digit increases in sales and operating income at its silicones business.

In the nine-month report covering April-December 2017, the Japanese company reported a 14.7 percent rise in sales to $1.4 million, compared to the same period last year.

Read the source article at Rubber and Plastics News

Continental hires JP Morgan for possible structural overhaul, report says

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FRANKFURT — Continental has hired JP Morgan to advise on a possible reorganization that could see a breakup of the company’s business units as it repositions for a market focused on electric and self-driving vehicles, sources told Reuters. The U.S. investment bank has been mandated by the component and tire maker to work on strategic options, including a separation of its current businesses, three people familiar with the discussions said.

Read the source article at Automotive News Europe

Billionaire Schaefflers hold the keys to Conti’s fortunes

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Breaking up Continental is an old idea, but investors had begun to wonder if it would ever happen: even as suppliers such as Delphi Technologies and Autoliv announced they were doing the splits last year, the German behemoth didn’t budge. Now Continental is talking to advisers about a major overhaul, according to Bloomberg News. Those discussions could result in Continental creating separate listings for some of its businesses, possibly under a holding company.

Read the source article at Automotive News Europe

China’s GAC Bids for Status By Entering U.S. Market

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GAC says it will enter the U.S. market with its midsize GS8 SUV. That model will need to be high quality, loaded with technology and interior content, and be competitively priced to stand a chance of gaining a foothold here, industry analyst Jessica Caldwell says.

Read the source article at WardsAuto

New Tire Recycling System Reduces Carbon Emissions

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Green Carbon, Inc. has teamed up with Caterpillar Power Systems to develop an eco-friendly tire recycling system.

The bio-congeneration system uses Green Carbon’s TVR System and Caterpillar’s custom-designed generator to produce electricity for its processes. The system uses Syn Gas, generated from processing tires, belting and rubber tracks.

According to a life cycle assessment by Earth Shift Global, the system will reduce CO2E emissions by millions of pounds.

Read the source article at Tire Review