SINGAPORE—Halcyon Agri, a global natural rubber supply chain manager, has completed its acquisition of the assets and entities of the Polymer Division of RCMA Group.
As Linglong Tire notes, China imports more than 80 per cent of the natural rubber its manufacturers use. The company views rubber sourced from dandelions as a potential strategic raw material in the coming years, and in order to promote the industrialisation of dandelion rubber, it plans to invest RMB 30 million (£3.4 million) to set up a new company. The tentative name for this firm is Linglong Dandelion Science and Technology Development Company.
An Ohio-based steel technology firm is eyeing nearly 1,000 acres of rural Michigan farmland to build a massive steel-making plant along Interstate 69 near Flint, Mich. New Steel International Inc. CEO John Schultes confirmed Monday his company is part of group pursuing a project to build a multibillion-dollar manufacturing facility that it has kept under wraps for months using the code name ” “It’s a little too early to really go public with things,” Schultes said in a telephone interview with Crain’s Detroit Business, an affiliate of Automotive News. “There are a lot of companies trying to make …
SHERBROOKE, Quebec—Elastomer Valley is continuing to support the industry by building up its training program and laying the foundation for a new research and development facility.
Expanding demand in the world tire market is expected across the next five years according to the latest exclusive data from Smithers Rapra.
The Future of Global Tires to 2022 is available for purchase now. Tire and Rubber Association of Canada members can receive a 15% discount on this definitive market strategy tool.
Its new definitive report – The Future of Global Tires to 2022 shows how worldwide 2.24 billion tires will be sold in 2017, with and overall value of $223 billion. Across the next five years the rate of volume demand will fall to 3.4% per year, down from 5.2% in the 5 years preceding. In contrast the rate of value increase will increase from 3.4% to 3.7% per annum reflecting:
- Stabilisation of raw material pricings
- The new added value innovation is adding to the industry in developed markets
- Volume demand increases in transition economies with rising disposable incomes – especially China.
Smithers Rapra’s analysis tracks these trends across all:
- Tire raw materials
- Tire type and vehicle
- Key national and regional geographic markets ,
Production in North America is growing, and outpacing domestic demand, as Asian and European companies continue to shift capacity here to be closer to automotive OEMs, and circumvent potential trade restrictions that some view as more likely with the 2017 change of US administration.
The region’s tire market will reach a value of $39.7 billion in 2017 – 236 million units.
In mature markets demand will be especially strong for materials that enable energy efficiency. For example, continuing improvements in lowering rolling resistance means demand highly dispersible silica (HDS) is set to increase at over 10% per year through to 2022. This will run in parallel to continuing interest in complimentary technologies, such as automated tire pressure monitoring systems (TPMS).
Hanover, Germany – Continental AG’s Rubber Group, which includes Tire Division and ContiTech, has reduced its estimates for the negative impact of rising raw materials prices in 2017.
In its recently-published third quarter results, Continental said it was lowering forecast for the average price of natural rubber (TSR 20) this year from $1.90/kg to $1.70/kg.
TOKYO — Mitsubishi Materials said its subsidiaries falsified data about products, including parts for cars and aircraft, for at least a year, the latest in a series of quality assurance scandals involving Japanese manufacturers. The company said an investigation in the wake of a data-falsification scandal involving joint venture partner Kobe Steel found that Mitsubishi Cable Industries had inappropriately distorted data for rubber sealing products, used in cars and aircraft.
Shanghai, China – Natural rubber futures price on the Shanghai Futures Exchange (SHFE) went down by over 20% in September after rising since July, weaker than almost all other commodities traded on the exchange. The price has dropped from the high point at €2,183 (17,000 yuan) per tonne at the beginning of the month to […]
CARROLLTON, Ky.–(BUSINESS WIRE)–Sean Keohane, president and chief executive officer of Cabot Corporation(NYSC:CBT) and Howard Ungerleider, chief financial officer of DowDuPont (NYSE:DWDP) joined more than 150 local officials, business leaders and community members today to celebrate the groundbreaking of Cabot’s world-class, fumed silica plant located adjacent to Dow’s Carrollton site in western Kentucky. The official ceremony was held in the presence of local government representatives and other business leaders at the site of the new facility. The groundbreaking coincides with the 50th anniversary of the Dow site in Carrollton and celebrates the Company’s history of innovation through silicones chemistry.
Announced in May 2017, the new manufacturing facility is scheduled to be operational by 2020, and will extend Cabot’s long-term relationship with Dow while furthering Cabot’s position as a leading producer of fumed silica. Upon completion, the plant will incorporate Cabot’s latest technology advances into the plant design and operations. Additionally, the collocation enables a fence-line relationship with Dow, creating a closed-loop system that reduces transportation risks, increases manufacturing efficiencies and reduces waste.
“This is wonderful news for the Carrollton community and the region, as we welcome new manufacturing and celebrate 50 years of innovation,” said Kentucky Gov. Matt Bevin. “Both of these companies, Cabot and Dow, bring a rich history of excellence to our state and a proud tradition of community and employee support.”
The importance of unimpeded access to natural rubber has been acknowledged by the European Union, which has added the raw material to its Critical Raw Material List. the decision was made with the support of the European Tyre & Rubber Manufacturers’ Association (ETRMA), which contributed to the process of revising the List.