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Sujin

Sujin

The European Tyre & Rubber Manufacturers’ Association (ETRMA) is committed to ensuring the availability and accessibility of raw materials for the operation of the European tyre and rubber industries. As part of this commitment, ETRMA contributed to the process of revision of the Critical Raw Material List of the European Union (EU) and welcomed the information that natural rubber was included in the 2017 list. The 2017 criticality assessment was carried out for 61 candidate materials (58 individual materials and 3 material groups for a total of 78 materials). Natural rubber was the only biotic raw material to be included in the 27 raw materials that passed the assessment. According to the list, the EU’s main importers of natural rubber from 2010 to 2014 were Indonesia (32%), Malaysia (20%), Thailand (17%), and Ivory Coast (12%). “This is an important step for our sector. Natural rubber will receive proper political attention and consequent support when dealing with issues related to the supply of natural rubber” said Fazilet Cinaralp, Secretary General of ETRMA. The new Critical Raw Material List was adopted by the College of Commissioners on 13 September and communicated as part of the EU industrial strategy on 18 September as an essential element “to help ensure the secure, sustainable and affordable supply for the EU manufacturing industry”. “Indeed, it is our hope that the inclusion of natural rubber on the list will strengthen the competitiveness of the rubber industry, stimulate the production of natural rubber also beyond traditional producing countries, increase awareness of potential raw material supply risks and support the efforts of European Commission when negotiating trade agreements, in order to challenge potential trade distortion measures,”Cinaralp said. Following is the 2017 Critical Raw Material List, which will be valid for three years: Antimony Baryte Beryllium Bismuth Borate Cobalt Coking coal Fluorspar Gallium Germanium Hafnium Helium Indium Magnesium Natural graphite Natural rubber Niobium Phosphate rock Phosphorus Scandium Silicon metal Tantalum Tungsten Vanadium Platinum group metals Heavy rare earth elements Light rare earth elements Source: rubberjournalasia (27/09/2017)

Leading China-based multinational bicycle sharing company ofo has partnered with German chemical company BASF to provide commuters with a more enjoyable ride that is safer and more comfortable through a two-layer tyre system made with BASF’s Elastopan polyurethane (PU). Enabled by a unique dual density technology, the outer layer of the PU based tyre system is hardy over rough surfaces, while the inner layer provides outstanding shock absorption as a result of the material’s high rebound performance. The inflation-free tyre system also eliminates the annoyance of conventional inner-tube patching and repair. Elastopan’s anti-slip properties also provide riders with outstanding surface traction for greater safety. The material enables a unique tyre tread design, which further improves the anti-skid performance of the tyres. Compared to conventional tyres made of rubber, the innovative bike tyre system made with Elastopan is approximately 30% lighter, making the bike easier to handle. “The quality of bicycle tyres is critical to ensuring a positive user experience. As a key driver of our global expansion strategy, it is particularly important for us to move ahead and secure our leading position in the industry,” said Dai Wei, Chief Executive Officer and Founder of ofo. The company has connected more than 10 million bikes in over 180 cities across 13 countries. It recently launched shared bikes in United Kingdom, Austria, Russia, Italy, Czech Republic and Holland. Elastopan is wear-, abrasion-, chemical- and fatigue-resistant. As the outer layer of the tyre system is approximately three times more resistant to abrasion than rubber, it is very durable against rough surfaces. “The use of Elastopan’s dual density technology can help reduce the need for repairs, extending the service life of our bicycles,” added Dai Wei. “As the bike tyre system is puncture proof and hard-wearing, this will also reduce the number of bikes that are abandoned due to damage.” With Elastopan dual density PU system, the inner layer of the bike tyre has been optimised to deliver high rebound performance. The dual density tyre structure even improves the damping performance by around 30% which significantly enhances comfort and the overall riding experience. “We are excited to contribute our material solutions to ofo’s new fleet, helping make the bicycles more durable, light and comfortable while supporting the development of bicycle sharing system and industry in China,” said Andy Postlethwaite, Senior Vice President, Performance Materials Asia Pacific, BASF. “Innovative materials can inspire and enable design and functionality to meet the challenges of modern urban life. We continue to explore opportunities to improve material applications for other bike parts, including saddles, hand grips, wheel rims, baskets, brake line covers, pedals and many others. Concurrently, we are in discussions with ofo on new areas of strategic partnership to support ofo’sglobalisation journey.” Elastopan can be produced in any color required. The two-layer structure enables more possibilities for design, as each layer can be manufactured in different colors, and cost-effectively produced in a one-step process. Source: rubberjournalasia (27/09/2017)

Customer rubber compounder Preferred Compounding has acquired Kleen Polymers, a custom rubber compounder based in Wadsworth, Ohio in the US that specialises in non-black elastomeric compounds. The acquisition of Kleen expands Preferred’s mixing capability in ultra-clean colour, high-performance compounds. Terms were not announced for the deal, which came in effect on September 25, 2017. Kleen has significant expertise in colour compounding of high-performance elastomers. The Kleen compounding business will be integrated into Preferred’s North American operations and the plant will operate as Preferred Compounding – Kleen Polymers. Rick Marefka, principal at Kleen Polymers, will remain with the company and join the Preferred management team. “Kleen is a high-value-added company that shares our commitment to consistent quality, technical excellence and high levels of customer service,” said Ken Bloom, Preferred president and CEO. “This acquisition is a perfect fit for us to expand our product capabilities and our ability to comprehensively serve our customers. We are excited to have Rick join our organisation and look forward to working together to bring our customers a broader offering of high-quality colour compounds.” Preferred is the second largest custom rubber compounder in North America with mixing operations in Ohio, Georgia, Tennessee, Mexico and Wisconsin. Other recent growth initiatives include signing a lease for a second building in San Luis Potosi, Mexico, and bringing online a second Farrel F-270 at its Tennessee operation in February, doubling capacity at that plant. Preferred and Kleen supply proprietary and custom mixed rubber compounds and components for automotive, industrial, oil and gas and other markets. Source: rubberjournalasia (27/09/2017

Earnings from Malaysia’s rubber and rubber products exports is expected to grow 10% more than last year’s RM24.79 billion and go beyond RM27 billion this year due to higher global demand, according to Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong. “We’re experiencing good rubber exports this year. In the first seven months of this year, we’ve already shipped out RM19.1 billion (worth of rubber),” he said. “It’s not because of the weakening of the ringgit against the US dollar. As you can see, the ringgit has been steadily strengthening and is currently trading at around RM4.20 to the dollar,” said Mah, speaking after presenting scholarships from the Malaysian Rubber Export Promotion Council (MREPC) to 29 students pursuing their tertiary education at local universities. Present at the scholarship award ceremony was Supermax Corp Bhd group managing director Datuk Seri Stanley Thai. Representing medical glove exporters at the award, he said the increase in exports was due to the fact that big buyers in the United States were buying more natural rubber and nitrile variants from Malaysia, instead of vinyl gloves from China. Earlier, Mah launched the MREPC Industry Linkage Fund (ILF) at an event themed “Enhancing Competitiveness through Research Collaboration”. The fund is to support the development of high-value rubber products by nurturing talents in market promotion and product development. The ILF funds either research or a matching grant. A full research grant will be awarded to projects which offer industry-wide solutions, while a matching grant that caters to specific projects that will benefit individual companies, especially small and medium enterprises, will also be awarded. On the upcoming 2018 Budget, scheduled to be tabled in Parliament on October 27, Mah said his ministry had written to the Finance Ministry to extend the reinvestment allowance for manufacturers beyond next year. “We hope that the allowance will be extended as manufacturers have long-term plans for their businesses, and they need some time to implement them,” he said. Under the 2016 Budget, the government has accorded the reinvestment allowance to manufacturers, with up to 60 per cent of the allowed capital expenditure for the years 2016, 2017 and 2018. Medical glove, catheter and condom manufacturers have and will continue to pump in a lot of money to automate many processes along their production lines. Source: rubberjournalasia (27/09/2017)

Taiwanese tyre manufacturer Hwa Fong Rubber Industry Co is planning to spend 1.53 billion Baht (US$46.22 million) for the construction of a new tyre plant in Thailand to expand its capacity in the country as it works to meet the growing demand in Southeast Asia. The firm, which operates its Thai business through Hwa Fong Rubber (Thailand) PCL, is to build a new plant to produce motorcycle and bicycle tyres. The first phase is scheduled to be completed by the end of next year, Hwa Fong said. The company’s two existing plants in Samutprakarn, Thailand, produce 25,000 motorcycle tyres and 32,000 bicycle tyres per day. Through collaborations with Japanese conglomerate Sumitomo Corp, the company sells its Thai products to Japanese motorcycle brands such as Yamaha Motor Co Ltd and Honda Motor Co Ltd. Hwa Fong, which set up an Indonesian subsidiary at the beginning of this year, said it is also considering building new plants in that nation as it eyes strong business potential in Southeast Asian nations. The company’s two major Taiwanese competitors — Cheng Shin Rubber Industry Co and Kenda Rubber Industrial Co— have both announced plans to expand their presence in Indonesia this year. Last month, the company secured a NT$1.65 billion (US$54.69 million) syndicated loan from seven domestic banks led by Bank of Taiwan. From January through last month, the company posted sales of NT$3.93 billion, down 5.23% from NT$4.15 billion the previous year. Source: rubberjournalasia (27/09/2017)

Akron, OH - The Goodyear Tire & Rubber Company was selected as one of the Defense Logistics Agency’s (DLA) Superior Suppliers for the fiscal year 2017. The award recognizes military industry partners who demonstrate exceptional performance supporting DLA, America’s combat logistics support agency, and deliver high-quality products to the U.S. military and its contracted agencies. It is part of the Department of Defense’s Superior Supplier Incentive Program. Awardees were selected based on their level of business with DLA and scores in DLA’s Contractor Performance Assessment Reporting System. “Goodyear has been partnering with the U.S. military dating almost as far back as our company’s inception,” said Steve McClellan, president, Goodyear Americas. “We are honored to receive this award, and we are privileged to continue to supply the U.S. military with tires that equip their vehicles to help keep military men and women safe while they’re in the line of duty.” Goodyear has more than 100 years of history building innovative tires and equipment to help support and protect U.S. troops and is the largest producer of military tires in the country. The tire manufacturer helped build more than 150 blimps for the U.S. Navy during World War I and II and more than 5,000 Corsair fighter planes for the U.S. Army. Last year, Goodyear was recognized with the 2016 Secretary of Defense Employer Support Freedom Award, the nation’s highest honor given to employers for exceptional support of Guard and Reserve employees. Goodyear was recognized for the honor based on its commitment to hiring veterans, as well as providing its military associates and their families with programs and support resources to enable them to work for the company and serve their country simultaneously. In addition to the Freedom Award, in past years, Goodyear received the Pro Patria and Above and Beyond Awards, two similarly-judged awards from the Employer Support of the Guard and Reserve, and has also been recognized multiple times as a Military Friendly Employer by G.I. Jobs magazine for its leadership in hiring and supporting veterans. Source: rubbe world (27/09/2017)

Kuala Lumpur, Malaysia - Bernama reports that Malaysia's Ministry of Plantation Industries and Commodities expects rubber and rubber product exports to hit this year’s RM 20 billion $4.75 billion) target due to buying support mainly from the US, Europe, China and India. Its Minister, Datuk Seri Mah Siew Keong, said between January and July 2017, rubber and rubber product exports rose by 38.5 percent to RM 19.1 billion from RM 13.8 billion during the same period last year. In 2016, exports of rubber and rubber products stood at RM 18.1 billion. He said this was partly due to the decision by some importing countries to switch to natural rubber (latex/nitrile-based) gloves from vinyl gloves, noting that the former was produced in Malaysia. Mah said this to reporters after launching the Malaysian Rubber Export Promotion Council (MREPC) Industry Linkage Fund (ILF), themed ‘Enhancing Competitiveness Through Research Collaboration.’ He said the ILF was an effort to create a complete eco-system to support the development of the rubber products industry in terms of market promotion, research and development and human capital. MREPC’s ILF started with an initial fund of RM 3 million, to be awarded either as a full research fund or as a matching grant. The full research grant would be awarded to projects which offer industry-wide solutions, while the matching grant would cater to specific projects that would benefit individual companies, especially small and medium enterprises. Meanwhile, Mah said, for the coming budget, his ministry had sent a proposal to the government to extend the reinvestment allowance for manufacturers beyond 2018. “We hope it will be extended as the manufacturers have long-term plans for their businesses, and they need some time to implement them,” he said. Previously, under the 2016 Budget, the government had accorded reinvestment allowance of up to 60 percent of the allowed capital expenditure for manufacturers for the 2016-2018 period. - Source: rubber world (27/09/2017)

Hanoi, Vietnam - State-run Vietnam Rubber Group (VRG) has approved a plan to sell 25 percent of the company in an initial public offering, worth an estimated 12.8 billion dong ($563 million). The sale is part of Vietnam's plans to trim stakes in state-owned enterprises, which picked up pace after a new government took office last year. The government aims to sell holdings in 135 state-owned companies in 2017, it said in late August. VRG plans to sell 11.88 percent of the company to the public and another 11.88 percent to a strategic investor, according to its share sale plan published on the company's website. The group has not chosen a strategic investor yet. The company also plans to sell 1.21 and 0.03 percent to its employees and trade union, respectively. Vietnam's government would own the remaining 75 percent of the shares. VRG has not finalized a listing plan. In Vietnam, listing and an IPO are separate processes. The group aims to complete the IPO process in three months once the share sale plan is approved by the government. VRG is a state-owned producer and manufacturer of rubber and rubber products. It expects a net profit of 3,060 billion dong ($134.62 million) in 2017, up 9.4 percent from 2,797 billion dong in 2016. Source: rubber world (27/09/2017)

Milan, Italy - Italy sees sustained growth in foreign trade for manufacturers of rubber and plastic processing machinery, equipment and molds. Amaplast stated in a press release that Italian imports are up by 9.1 percent and exports by 14.6 percent: these are the results of the first half of 2017 with respect to the same period in 2016 based on the analysis of ISTAT foreign trade data by the Amaplast Statistical Studies Center. The two trends point to further improvement in the positive balance of trade for the sector (by more than 1.1 billion euros), with an increase of seventeen percentage points compared to January-June 2016. While imports have slightly slowed down with respect to year-end 2016 and the first months of 2017, sales abroad confirm the robust double-digit growth that has characterized the entire first half of 2017. As regards exports, the main outlet for national production in the sector, Italian manufacturers may consider themselves satisfied both as regards the range of products and in terms of the geography of sales. With the exception of negative performance in plants for mono- and multi-filament, blow molding machines and machines for foamed materials, all machine types have recorded marked improvement in foreign demand, and particularly extrusion lines (+17 percent over the previous year), flexographic printers (+23 percent), thermoforming machines (+37 percent) and molds (+18 percent), just to mention some of the principal customs codes. As for outlets, Europe remains the principal destination market. Sales within the EU have increased by over twenty percentage points with respect to the first six months of 2016, and a similar upsurge is recorded across the rest of Europe generally. It is worth underscoring the positive performance in Russia, where the value of sales more than doubled from approximately 21 to nearly 50 million euros. The Americas absorbed a fifth of Italian exports in the sector, with an increase on the order of ten percentage points, imputable mainly to growth in Latin American markets, with Brazil in the lead (+73 percent). The NAFTA countries, on the other hand, recorded more modest growth, due to a slowdown in sales to Mexico. Sales to Asian countries remained rather stagnant, conditioned by a drop in exports to the Middle East in general, and specifically to Saudi Arabia and Iran. Sales to the Far East did not fare much better, dragged down by the -12 percent recorded for China, which was certainly not offset by the +1% to India (just looking at the two principal markets in the area). While the aggregate sales to Africa are modest in value, Mediterranean countries and Sub-Saharan countries both recorded an increase approaching 20 percentage points. “It should be noted,” points out the satisfied president of Amaplast Alessandro Grassi, “that the recovery in supplies to important historical markets such as Russian and Brazil, which were sputtering in the recent past due to their respective, well publicized economic and political problems, gives a quite significant boost in confidence for companies in our sector.” “The end-of-June statistics highlighting continuing growth in exports for the sector,” continues Grassi, “are an important signal for Italian manufacturers of plastics and rubber processing machinery, equipment, and molds, who thus have a more tangible perception of recovery in their market and can look forward to a new record in production and exports at year end. Companies also note a parallel recovery in the domestic market, sustained in part by the stimulus measures implemented by the Italian government to support investment by manufacturers within an “Industry 4.0” approach. Italian manufacturers of plastics and rubber processing machinery are ready to contribute to the process by providing cutting-edge, competitive systems.” Confirming the above foreign trade statistics, the mid-year survey conducted at the end of July among Amaplast member companies, comparing the first half of 2017 with the same period in 2016, revealed a positive trend both in turnover (rising for 45 percent of the interviewees and stable for 51 percent) and current orders (improving for 51 percent of those surveyed and stable for 35 percent). Source: rubber world (27/09/2017)

PETALING JAYA: Malaysia’s rubber exports for this year is set to surpass RM27 billion, 10 per cent more than last year’s RM24.79 billion, thanks to higher global demand, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong. “We\’re experiencing good rubber exports this year. This is due to higher global demand. So far, in the first seven months of this year, we’ve already shipped out RM19.1 billion,” he said. “It\’s not because of the weakening of the ringgit against the US dollar. As you can see, the ringgit has been strengthening and it is trading at around RM4.20 to US$1.00,” the minister explained. Mah was speaking to reporters, here today, after presenting scholarship awards from Malaysian Rubber Export Promotion Council (MREPC) to 29 deserving students pursuing their tertiary education at local universities. Also present was Supermax Corp Bhd group managing director Datuk Seri Stanley Thai. Representing medical glove exporters, he said there had been increased exports as big buyers in the US are buying more natural rubber and nitrile variants from Malaysia, instead of vinyl gloves from China. Earlier, Mah had launched the MREPC Industry Linkage Fund (ILF), themed ‘Enhancing Competitiveness Through Research Collaboration’. It supports the development of the high value rubber products by nurturing talents in market promotion and product development. The ILF award funds either a full research or in the form of a matching grant. The full research grant would be awarded to projects which offer industry-wide solutions, while the matching grant would cater to specific projects that would benefit individual companies, especially small and medium enterprises. On the upcoming Budget 2018 to be tabled in Parliament on 27th October 2017, Mah said his ministry had written to Finance Ministry to extend the reinvestment allowance for manufacturers beyond 2018. “We hope it will be extended beyond 2018 as the manufacturers have long-term plans for their businesses, and they need some time to implement them,” he said. Under the 2016 Budget, the government has accorded reinvestment allowance to manufacturers, with up to 60 per cent of the allowed capital expenditure for the years 2016, 2017 and 2018. Medical gloves, catheters and condom manufacturers have and will continue to pump in a lot of money to automate many processes along its production lines. Source: – NST(27/09/2017)