Consolidated Container expands in Canada with Semopac stake

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Semopac Consolidated Container Co. purchased the Quebec-based blow molder of polycarbonate water bottles for home and office water coolers.

Consolidated Container Co. is taking a big stake in the Canadian bottled water market by acquiring Semopac of Longueuil, Quebec.

The Atlanta-based firm said August 15 that its Reid  Inc. subsidiary purchased Semopac’s assets that primarily blow mold 3- and 5-gallon polycarbonate water bottles for home and office water coolers in  and the . Terms of the purchase from the Lavergne Group were not disclosed.

Read the source article at Global Rubber Markets News

Tokyo rubber futures climb on overnight gain in oil, softer yen

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Benchmark  rubber futures climbed in thin trade on Wednesday, helped by overnight gains in  prices and a reverse in the yen after it hit a 7-week high against the U.S.dollar.

FUNDAMENTALS

The Tokyo Commodity Exchange rubber contract for January delivery JRUc6 0#2JRU: was up 1.8 yen, or 1.2 percent, at 158.9 yen ($1.58) per kg as of 0117 GMT.It ended lower the previous day after hitting a fresh 3-week high.

Read the source article at Global Rubber Markets News

NWE propylene CP indicator for Sept Eur5 above Aug settle on tight market

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The S&P Global Platts propylene contract price indicator for September was assessed at Eur675/mt ($761/) FD NWE Monday, Eur5/mt above the industry’s contract price settlement for August.

The assessed increase follows a rise in both propylene’s spot price as well as CPs for upstream products.

Polymer grade propylene spot prices hit a high not seen since early September 2015 to be assessed at Eur740/mt FD NWE on Monday.

Prices were indicated at premiums of 13% for both August and September delivery amid a dearth of material.

Read the source article at Global Rubber Markets News

Nanochemicals Market Forecast 2016 – 2023

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Growing applications of nanochemicals in sectors such as construction, electronics, and rubber is projected to fuel the market in Asia Pacific as these sectors are experiencing significant growth in developing economies such as India and China. Increase in foreign investment and governmental support such as tax benefits in developing economies is anticipated to create strong market opportunities for nanochemicals in Asia Pacific during the forecast period.

Some of the key global companies operating in the nanochemicals market are ANP Co.,Ltd, BASF SE, E. I. Du Pont de Nemours and Company, Akzo Nobel N.V and Graphene NanoChem amongst others.

Read the source article at mrrse.com

Unique Fabricating, Inc. Reports 17.9% Revenue Increase for Second Quarter of 2016

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Unique Fabricating, Inc. (NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management for the automotive and industrial appliance market, today announced that it will release its financial results for the quarter and six months ended July 3, 2016, on August 16, 2016 prior to the opening of the market. 

Management will host a conference call and live webcast to discuss these results on the same day at 9:00AM ET. To access the call, please dial 1-877-705-6003 (toll free) or 1-201-493-6725 and reference conference ID 13642857. The conference call will also be webcasted live on the Investor Relations section of Unique Fabricating’s web site at http://uniquefab.investorroom.com.

Read the source article at WardsAuto

Sri Trang: Buyers beware of under-the-weather rubber tappers

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The continuing slump in natural rubber (NR) prices could be storing up problems for buyers further down the line, according to Sri Trang Agro-Industry Public Co Ltd.

“Rubber farmers are demoralised by the low NR prices and reduce tapping activities. All of this could conceivably lead to a shortage of labour and, eventually, a shortage of NR supply,” the Thai group warned in a second-quarter results announcement.

The past few months have seen a rally of NR prices from lows in the first-quarter, said Sri Trang, which linked the recovery to drought and a prolonged wintering period brought on by El Niño,

The weather affect coupled with the imposition of an export quota by Thailand, Malaysia and Indonesia, led to a decrease in NR supply, the group noted. This, in turn, accelerated purchasing activities, which further helped support NR prices.

Following the volatility in Q2 2016, the NR market is expected to stabilise with limited downside risk, forecast the group. This, it said, was due to the curtailing effect of El Niño during first half of the year – and La Niña in the second half – on rubber yield.

Read the source article at Global Rubber Markets News

ANRPC Annual Rubber Conference and Public-Private Meet 2016

The Association of Natural Rubber Producing Countries (ANRPC) is organizing its 9th Annual Rubber Conference and 2nd ANRPC Public-Private Meet in Guwahati, Assam, India on 17th & 18th October 2016 (Monday & Tuesday). 

The one-day conference, with the theme “Preparing for Paradigm Shift”, will be unique in providing an international meeting point and an ideal platform for meaningful interactions and networking among rubber industry players, policy makers, researchers, and commodity analysts across countries. The 2nd ANRPC Public-Private Meet will be a half-day programme which will be held on the following day, 18 October 2016.

All interested individual(s)/organization(s) is welcomed to register from 16 August 2016 to 30 September 2016.Due to limited seating, registration is on first-come first-served basis.  CLICK HERE FOR REGISTRATION.

For further information related to the conference, please do not hesitate to contact the ANRPC Secretariat at anrpc.secretariat@gmail.com.

Read the source article at Welcome

Commercial dandelion production the goal of new Continental lab

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A new research facility for industrialising the cultivation and processing of rubber harvested from Russian dandelions will be set up in Germany as part of Continental’s plan to bring tyres containing this rubber to market under the ‘Taraxagum’ brand name. On 12 August, the company presented plans to establish such a facility in Anklam, near the Baltic Sea island of Usedom.

Read the source article at Tyrepress

India: Natural rubber output up 6% in June

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Natural rubber production rose by 6 per cent to 50,000 tonnes during June while imports fell by 4 per cent, according to Rubber Board data.

The production stood at 47,000 tonnes in the same month last year, it said.

Natural rubber consumption during June increased by 7.5 per cent to 87,000 tonnes compared to 80,955 tonnes during June 15, it added.

Imports declined to 37,336 tonnes in June this year from 38,923 tonnes in the year-ago period, while exports rose to 44 tonnes from 6 tonnes.

During April-June quarter of this fiscal, production of natural rubber increased by 2.3 per cent to 1.35 lakh tonnes from 1.32 lakh tonnes in the year-ago period, the data said.

The consumption of natural rubber rose by 5 per cent to 2,55,750 tonnes during the first quarter of this fiscal from 2,43,535 tonnes in the corresponding period of the previous year, the data showed.

Imports fell to 1,07,331 tonnes during April-June quarter of 2016-17 financial year from 1,12,844 tonnes during the year-ago period.

 

Read the source article at Global Rubber Markets News

Cooper Standard Acquires AMI Industries’ Fuel and Brake Business

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Cooper Standard (NYSE: CPS) today announced its agreement to acquire the automotive fuel and brake business of AMI Industries and related companies.  The North American business was acquired in this transaction effective August 15, 2016.  The acquisition of the China portion of the business is subject to regulatory approval. Terms of the acquisition were not disclosed.

“The integration of AMI Industries’ fuel and brake business directly aligns with Cooper Standard’s profitable growth strategy and globally strengthens the Company’s position to further service our customers,” said Jeffrey Edwards, chairman and CEO, Cooper Standard.  

AMI Industries was established in 2000 to provide tube products to the agriculture, construction, automotive, heavy truck and marine industries. As a natural extension of the tube product line, the company expanded into the fuel and brake business in 2008. Headquartered in Michigan, AMI operates manufacturing plants in MichiganIndiana and China.

Read the source article at PR Newswire