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Mitsui Chemicals, Inc., headquartered in Tokyo, Japan, announced the successful startup this March of the Mitsui Chemicals Functional Composites Co., Ltd.’s plants for Milastomer and Admer compounds in China’s Shanghai Jinshan District.

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Assocomaplast, the Italian trade association, which unites over 160 manufacturers of machinery, moulds and equipment for plastics and rubber, has completed the balance sheet of the sector for the year 2014, including ISTAT foreign trade data.

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Honoring a pledge given in the interim budget, the government commenced to pay Rs 350 for each kilogram of rubber. The inauguration ceremony was held in Mawanella Town under the patronage of Minister Lakshman Kiriella.

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Hankook Tire, the nation’s largest tire-maker, has started to supply tires to Porsche for its new SUV sports car Macan from this year, the company said 14 April, 2015.

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The government is being urged to revise a draft rubber bill, particularly for the collection of cess from tyre exporters.

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Petrochemicals production in the GCC (Gulf Cooperation Council member states) rose by 4.5 per cent in 2014, the second highest growth region in the world, according to the Gulf Petrochemicals and Chemicals Association’s (GPCA) annual report for 2014.

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Maire Tecnimont S.p.A. announced that its subsidiaries Tecnimont S.p.A. and KT – Kinetics Technology S.p.A, following the completion of Open Book Cost Estimate services activities, have reached an agreement with Socar Polymer for the award relating to the realization of a polypropylene plant and relevant utilities and off sites facilities on an EPC lump sum basis.



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Rubber prices at the Colombo auction have hit the lowest levels since 2009, and appears to continue to slip for the foreseeable future, while production may fall, having already reduced to the lowest since 2004, heralding a dark age for the industry.

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Indonesia is considering extending the imposition of export levies for palm oil to other commodities such as rubber and coffee, in an effort to boost the country’s domestic agriculture industry.

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Plastic makers have proposed that the government cut back duty on raw materials in the next budget, which can enable them to offer cheaper products to domestic consumers.

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