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HAGL Agrico set to sell rubber firm to Thadi

  7/11/2019 - Pleiku, Vietnam - Hoang Anh Gia Lai Agrico (HAGL Agrico) plans to sell 100 percent of its stake in Dong Duong Rubber Investment and Development Co. Ltd. to Thadi Agriculture Production and Processing Joint Stock Company. Dong Duong Rubber is a subsidiary of HAGL Agrico, with charter capital of 1.46 trillion dong ($63.8 million) as of the end of last year. Dong Duong Rubber operates mainly in the fields of processing rubber products, afforestation and forest conservation, construction, trading industrial machinery and transporting goods. Since the end of last year, global rubber prices have been skyrocketing. Rubber price in Vietnam is currently at an eight-month peak at 51,000 dong per kg, up 27 percent from the beginning of this year. The rising prices were attributed to rising oil prices in the first few months of the year (up 35 percent) and unfavorable weather conditions affecting production and storage, especially the tropical storms in Thailand, early winter in some Southeast Asian countries and drought in Yunnan province in China. HAGL Agrico maintains 47,100 hectares of rubber production, of which 20,300 hectares are in Laos, 4,900 hectares in Vietnam and 21,800 hectares in Cambodia. HAGL operates a rubber latex processing factory with a capacity of 25,000 metric tons per year in Laos. Thadi is an agricultural production arm of Truong Hai Auto Corporation (Thaco), specializing in research and development of agricultural materials and fruit processing equipment, as well as the distribution and export of fruits to foreign markets.

Friday, July 19, 2019

Goodyear to report second quarter results July 26 - click to expand

Continental wins design complaint against Heuver Bandengroothandel B.V. - click to expand

Tire Industry Association elects Mason Hess of Purcell Tire & Rubber as board secretary - click to expand

Global liquid silicone rubber market forecast to reach $3.83 billion by 2026 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

PPG announces a $0.03 per share increase in the company’s dividend - click to expand

Thursday, July 18, 2019

Lubrizol Corporation announces acquisition of Bavaria Medizin Technologie GmbH - click to expand

Tire Industry Association appoints David Zielasko as vice president of marketing and communications - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

Continental begins construction of motorcycle tire factory in Thailand - click to expand

Maxxis to open distribution facility near Indianapolis, Indiana - click to expand

Wednesday, July 17, 2019

Career fair to be held during the Rubber Division's International Elastomer Conference - click to expand

Goodyear to invest $180 million in North Carolina tire plant - click to expand

Rep International names Jim Wirtz president - click to expand

NBR latex market size is forecast to exceed $2.4 billion by 2025 - click to expand

German RepRap launches 3D printing platform that can print liquid silicone rubber - click to expand

Wacker to showcase novel silicone laminate with electroactive properties at K2019 - click to expand

Tuesday, July 16, 2019

Toyo Tire to increase capacity at U.S. tire production facility in Bartow County, Georgia - click to expand

Nitrile butadiene rubber production in North America anticipated to reach 50,000 tons in 2023 - click to expand

Hillenbrand to acquire Milacron in cash-and-stock trade valued at $2 billion - click to expand

Goodyear declares quarterly dividend - click to expand

The International Rubber Study Group (IRSG) announces a call for rubber-related economic research papers - click to expand

Global green tire market forecast with a 20.63 percent CAGR through 2023 - click to expand

Monday, July 15, 2019

Goodyear sends silica science package to the International Space Station - click to expand

Wacker sets benchmarks in multimaterial printing and precision with ACEO technology - click to expand

GRI hires senior industry executive as head of global sales - click to expand

Tokai Carbon CB to increase prices in North America - click to expand

Bridgestone to launch new Blizzak studless winter tire - click to expand

Market Reports

Global farm tire market size is expected to reach $7.01 billion by 2025 - click to expand

Global silicone gel industry forecast at $2 billion by 2025 - click to expand

Asian and Pacific nitrile butadiene rubber market forecast at 820 thousand tons By 2023 - click to expand

Global liquid silicone rubber market is forecast to reach $3.83 Billion by 2026 - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

NBR Latex Market size is forecast to exceed $2.4 billion by 2025 - click to expand

Global green tire market forecast with a 20.63% CAGR through 2023 - click to expand

Nitrile Butadiene Rubber production in North America anticipated to teach 50 thousand tons in 2023 - click to expand

Global silicone solutions for leather & textiles market to expand to $760 million by 2025 - click to expand

Global isoprene market is expected to reach $3.97 billion by 2025 - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Shape memory polymer market forecast with at a CAGR of more than 25% through 2025. - click to expand

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