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A delegation of Russia’s Rostec Corporation worked with authorities in the southern province of Binh Duong on Wednesday (5 July 2017) to prepare for the operations of the Viet Nam-Russia Rubber Joint Venture Company (Visorubtex).

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The provincial irrigation department of Punjab has come up with a proposal of introducing inflatable rubber dams for the eastern rivers in the province to serve not only as small water storages but also improve the biodiversity of the area which was degraded owing to drying up of the waterways as a result of the Indus Water Treaty 1960.

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The European Commission has decided not to impose extra duties on purified terephthalic acid products sold by South Korean manufacturers following a months-long probe into dumping allegations, the foreign ministry said in Seoul Wednesday (14 June 2017).

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(Source: Trinseo)

Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, and API Applicazioni Plastiche Industriali S.p.A. have signed a definitive agreement for Trinseo to acquire API. The transaction is expected to close in Q3/2017, following customary closing conditions. Trinseo said that it is funding the purchase of API’s shares through its existing cash on hand.

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Sri Lanka’s rubber industry, which faced one of the toughest years, last year, due to lower global commodity prices, doesn’t appear to be recovering, with a few companies discontinuing their rubber production.

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Cuts in rubber exports by Thailand and other producers in the region are on the table to combat plunging prices for the commodity.

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Orpic, the Sultanate’s refining and petrochemicals flagship, plans to establish a worldwide network of offices to support the marketing of the huge quantities of polymers that will be produced when its Liwa Plastics mega venture comes on stream in 2020.

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Glove manufacturer Petropolymer Sdn Bhd plans to set up an acrylonitrile butadiene rubber (NBR) factory costing USD 300 million (RM1.29 billion) in Pengerang, Kota Tinggi, to cater to the demand of the raw material for rubber gloves.

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A project by the Department of Science and Technology-Forest Products Research and Development Institute (DOST-FPRDI) in Zamboanga Sibugay has provided a boost to the Philippine rubber industry, helping one of the province’s two processing plants produce export-quality rubber.

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Felda Global Ventures Holdings Bhd (FGV) has scrapped plans to build a rubber processing plant worth MYR 30 million to MYR 45 million in Myanmar, as part of its venture into the rubber industry there.

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