Rubber sheets are on the road to recovery, with both production and shipments on the rise. With the market having been hit by COVID-19, figures for May 2020 slumped by more than 25 percent year-on-year; but the economy then started to recover in the following months, showing only a quite small year-on-year decline for October onward. And for the January–March...
PJSC Nizhnekamskneftekhim (NKNK), Russia’s second largest synthetic rubber manufacturer, held an opening ceremony on May 26 for a new solution-polymerized styrene–butadiene rubber (S-SBR) plant. Incorporating technology and basic design from Japan’s ETIC Inc, it represents the Tatarstanian-based company’s first foray into S-SBR production. Among those present for the ceremony was the president of Tatarstan, Rustam Minnikhanov. With a production capacity...
Trinseo SA, a manufacturer of plastics, latex binders and synthetic rubber, has announced a definitive agreement to sell its synthetic rubber business to Polish company Synthos SA. Based in Schkopau, Germany, Trinseo’s synthetic rubber business has been valued at approximately $491 million. After subtracting pension liabilities, transaction-related costs and taxes, the net cash proceeds from the sale are expected to...
Sumitomo Riko Co. Ltd. (TYO:5191) has seen its Finesulight series of thin films with high thermal insulation functionality get picked up for use in the BioBox Freezer, a dry ice-compatible, ultrahigh-performance thermal insulation box offered by Sugiyama-Gen Co. Ltd. Allowing for storage at below minus 70 degrees Celsius without the need for electricity, this freezer box is expected to find...
Yokohama Rubber Co. Ltd.’s (TYO:5101) European headquarters, Yokohama Europe GmbH, has concluded a contract to acquire all shares of ITR CEE Spolka z.o.o., a wholesale distributor engaged in the import and sale of Yokohama tires in central and eastern Europe. Once the transfer of shares is complete, the Polish company’s name will be changed to Yokohama CEE Społka z.o.o. Yokohama...
Rubber industry earnings reports for the fiscal year through March 2021 show a second-half recovery from nearly across-the-board first-half negative revenue and profit performance due to the economic impact of the COVID-19 pandemic that struck early in 2020. The second-half turnaround reflected a worldwide economic recovery, powered in large part by strong performance in the Chinese and U.S. automotive industries....
