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Top Glove petitions against U.S. import ban

  7/31/2020 - Kuala Lumpur, Malaysia - Reuters is reporting that Top Glove Corporation has submitted information to prove it did not use forced labor, a U.S. Customs official said following an import ban on the company. The U.S. Customs and Border Protection (CBP) placed a detention order on imports from two subsidiaries of Top Glove two weeks ago, an action taken on firms suspected of operating with forced labor. "Top Glove submitted an initial petition to CBP. CBP responded by identifying additional information needs. Dialogue between CBP and Top Glove is ongoing," the CBP said in an email to Reuters. It said it could not specify a timeline for resolving the concerns and will not modify or revoke a "Withhold Release Order" until it receives proof that establishes the admissibility of the affected merchandise. Banned importers have three months to submit proof, including a detailed statement demonstrating that the detained goods were not produced with forced labor, the CBP says. Top Glove did not respond immediately to a request for comment on the petition. "Extensive reporting by non-governmental organizations and the media has documented the existence of forced labor in the rubber glove industry in Malaysia," CBP said, adding that it continues to receive and investigate allegations of forced labor in industries connected to U.S. supply chains. The ban on Top Glove's units did not dampen investor appetite in the company, whose share price rose to historical highs in the week after the Customs' detention. Top Glove's shares have climbed 456 percent this year, driven by demand associated with the COVID-19 pandemic.

Thursday, August 6, 2020

Right Lane Industries acquires Belt Concepts from Contitech - click to expand

Continental expands research and development operations in northeast Indiana - click to expand

Cooper Tire announces 194th consecutive quarterly dividend - click to expand

Latin American & Caribbean Tyre Expo postponed until 2021 - click to expand

Apollo Tyres reports record June sales for replacement tires in India - click to expand

Wednesday, August 5, 2020

Davis-Standard markets elastomer solutions at RubberTech China - click to expand

Magna Tyres opens Czech Republic office - click to expand

Morgan Polymer Seals designs capless refueling seal for General Motors Cadillac CT6 - click to expand

Global liquid silicone rubber market to reach $3.5 billion by 2027 - click to expand

Bridgestone names Charlie Rule president of Latin America operations - click to expand

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Tuesday, August 4, 2020

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

Cooper Tire reports $6 million loss for second quarter - click to expand

BASF opens distribution center for Colors & Effects brand in Germany - click to expand

TBC Corporation donates 200 computers to local schools - click to expand

Sterling Systems & Controls introduces customized system for rubber compounding applications - click to expand

Shin-Etsu Chemical develops improved silicone emulsions - click to expand

Monday, August 3, 2020

Siempelkamp adds two executives to management team - click to expand

Electronic adhesives market size projected at $4.9 billion by 2025 - click to expand

ACE Products & Consulting acquires GEOAnalytical - click to expand

Goodyear reports second quarter sales results - click to expand

Continental partners with CoxReels to provide hose management solutions - click to expand

Arkema reports second quarter 2020 results - click to expand

Friday, July 31, 2020

Dow honored with two awards at 2020 Ringier Technology Innovation Awards - click to expand

Global agricultural tire market projected to reach $15 billion by 2030 - click to expand

Orion Engineered Carbons to present at Jefferies Virtual Industrials Conference - click to expand

Impressio and MedShape awarded National Science Foundation grant to develop liquid crystal elastomer - click to expand

Top Glove petitions against U.S. import ban - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

Thursday, July 30, 2020

Rubber Division, ACS, takes 2020 International Elastomer Conference virtual - click to expand

Dow reports lower second quarter 2020 results, announces 6 percent reduction in workforce - click to expand

Global silicone market forecast with a CAGR of 6 percent through 2024 - click to expand

International Rubber Study Group estimates sharp decline in global rubber demand - click to expand

Global OTR tire market size projected to reach $26 billion by 2027 - click to expand

Michelin moves export supply chain distribution center to Inland Port Greer, SC - click to expand

Market Reports

Global automotive rubber molding components market forecast at $57 billion by 2026 - click to expand

Global Liquid Silicone Rubber Market to Reach $3.5 Billion by 2027 - click to expand

USTMA projects U.S. tire shipments will decrease to 279.4 million units in 2020 - click to expand

Global automotive aftermarket forecast at $638 billion by 2027 - click to expand

International Rubber Studies Group estimates sharp decline in global rubber demand - click to expand

Global agriculture tire market is projected to reach $15 billion by 2030 - click to expand

Global silicone market forecast with a CAGR of 6 percent through 2024 - click to expand

Electronic Adhesives Market size for electronics is projected at $4.9 billion by 2025 - click to expand

Global OTR tire market size is projected to reach $26 billion by 2027 - click to expand

Global fluorine silicone rubber market forecast at $232 million by 2027 - click to expand

Global industrial rubber products market forecast with a CAGR of 6 percent through 2027 - click to expand

Global low rolling resistance tire market is anticipated to record a CAGR of 12.3% - click to expand

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