Prices of NR, both in the futures and physical markets, moved along a recovery path during July with the notable exception of latex market. Despite the growing concerns about a possible second wave of the pandemic and deteriorating US-China diplomatic relation, NR prices have the potential to continue moving along the marginal recovery path, in the short-term, supported by a host of factors which include the anticipated marginal improvement in the world consumption, factors constraining the world production and physical availability of NR , fall in the inventory held in the designated warehouses of the Shanghai Exchange, continued weakness expected in the U.S. dollar, and the support from the crude oil market.
Elastomers for Sustainability Top 10
The top entries for the inaugural staging of ERJ’s new Elastomers for Sustainability initiative has now been decided by our judging panel led by leading experts in the field of polymer science & technology.
E4S is an industry-first sustainability initiative, designed to highlight significant advances for end-user sectors including automotive, tires, automotive components, construction, consumer, industrial and medical.
Halcyon Agri founding chief executive Robert Meyer retires
NATURAL rubber supplier Halcyon Agri Corporation on Monday said its founding chief executive officer (CEO) Robert Meyer, as well as chief corporate officer Pascal Demierre, retired on Friday.
Taking over from Mr Meyer as CEO is David Li Xuetao, the former CEO of GMG Global. He has more than 20 years of experience in the tyre, synthetic rubber and natural rubber business, mainboard-listed Halcyon Agri said in a regulatory update.
Halcyon Agri acquired industry peer GMG Global in 2016 in a series of transactions to consolidate the natural rubber business of Sinochem International Corp – Halcyon Agri’s major shareholder.
German rubber industry poised for double-digit decline
FRANKFURT, Germany—The German rubber industry is set for a “difficult phase” as the COVID-19 pandemic continues to impact suppliers, manufacturers and customers, industry association WDK has reported.
Rubber Industry Pulse Survey
To better understand the overall impact and future state of the rubber industry, ARPM is conducting a weekly Rubber Industry Pulse Survey. This 8-question survey takes less than one minute for leaders to complete, but gives insights into how the rubber industry is faring so far – and what executives are anticipating for the future.
Hankook Medal award to Mortel
London – Bill Mortel has been announced as recipient of the 2020 Hancock Medal, the biennial Institute of Materials, Minerals & Mining (IoM3) award for outstanding service to the rubber industry.
Mortel has served the industry through various roles with the British Rubber and Polyurethane Products Associated, the National Skills Academy for the Process Industries and the institute’s Rubber in Engineering Group since 1992.
Rubber firms doing best to remain essential
At a time when some businesses deemed non-essential by federal and state governments are trying to skirt the rules and guidelines, those in the rubber industry have a mandate to continue churning out products or providing services.
Automotive and transportation sectors remain a key component to keeping the country operating, and the medical and industrial segments use rubber in a wide variety of applications. But the essential uses of rubber are wide and deep.
European rubber industry groups form Covid ‘crisis unit’
London – Rubber industry associations in a number of EU states have set up a Covid-19 ‘crisis unit’ under the aegis of the European Tyre & Rubber Manufacturers’ Association (ETRMA).
The initiative, which involves SNCP (France), WDK (Germany), Consorcio del Caucho (Spain), Assogomma (Italy) and other industrial federations, is focused on information-sharing and interfacing with the European Commission.
German rubber industry braces for ‘zero growth’ after 2019 decline
Frankfurt, Germany –Germany’s rubber industry is set for zero-growth in 2020, after a 4.2% year-on-year decline to €11 billion in 2019, the WDK has forecast.
Both the tire industry and technical rubber segment posted a decrease in sales for last year, according to the German rubber industry association.
Tire deliveries fell 4.4% to €4.5 billion and technical rubber sales dropped 4% to €6.4 billion, said a WdK industry survey issued 4 March.
Analysis: Rubber mixing plants of the future
LONDON—Rubber mixers will have to become more automated and part of “holistic” production set-ups to deal with complexity in both the materials being processed and end use markets, according to Andreas Limper, a senior executive of HF Mixing Group.
There is a continuing rise in the number and types of tires required by the automotive industry as it brings more and more car models onto the market, Limper noted at a recent HF event in Manchester, England to mark 100 years of the Banbury mixer.