Today's News

Cambodia’s latex exports rise as values fall 10 percent for 2023

From January to August 2023, the total latex export to international markets was 205,167 tons, up 6,354 tons or three per cent compared to the same period in 2022 but its value dropped 10.2 per cent year-on-year from $304.4 million. The average global latex price for the period was $1,327 per ton, which is 15 per cent or $230 lower than last year.

Hyundai recalls 1.6 million vehicles due to faulty O-ring rubber formulation

In an update provided on September 6, 2023, third party engineer firm Exponent confirmed to Hyundai that certain material formulations used in the O-ring rubber could lose hardness over time. Additionally, the material could be affected by foreign contaminants in the brake fluid, potentially impacting sealing performance.

LANXESS Corporation announces the retirement of President Antonis Papadourakis

LANXESS Corporation announced the retirement of President and Chief Executive Officer, Antonis Papadourakis. Frederique van Baarle, member of the Board of Management and Labor Director of LANXESS AG, assumed the role of President & CEO for the company’s Americas region on Oct. 1.

Automotive Mats market forecast at $51.7 billion by 2033

Expanding at a steady CAGR of 4.4% from 2023 to 2033, the global Automotive Mats Market is forecasted to reach a valuation of US$ 51.7 billion by 2033-end. This study by Fact.MR, a market research and competitive intelligence provider, suggests that more companies will make a move to manufacture automotive mats with sustainable materials in the future.

Yokohama Off-Highway Tires names Lawrence Harmon as President of Global OE business

Yokohama Off-Highway Tires (YOHT) announced the appointment of Lawrence Harmon as President – of Global OE Business and Growth segments. He will also be a member of the YOHT Executive Committee.

Global airless tires market is expected to grow at a 5.4 percent CAGR

The global airless tires market is expected to grow at a 5.4% CAGR and reach a value of US$ 85 million by 2033, up from US$ 50 million in 2023 according to Fact.MR. Airless tires, despite their pneumatic appearance, are constructed from solid polyurethane with a distinctive saw-toothed tread. They deliver the same bounce and load-bearing capabilities as air-filled tires but eliminate the need for frequent inflation maintenance. Unlike foam-filled alternatives, the solid rubber composition of airless tires provides a quiet, smooth roll with added shock absorption. These tires can traverse obstacles like glass, nails, and stones without deflating, as they lack tubes. Furthermore, their chemical and heat resistance surpasses that of pneumatic tires, ensuring durability. Airless tires excel in noise reduction, rollability, and floor protection compared to their counterparts.

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Featured Articles

   

High molecular weight functionalized batch SSBR for EV tires

In December 2015, the United Nations Climate Change Conference was held in Paris. The conference negotiated the Paris Agreement, which is a global agreement on the reduction of climate change. At the follow-up climate change conference in Marrakech (COP22) in November 2016, the member states of the Kyoto Protocol agreed to set the goal of limiting global warming to a still acceptable level of less than 2°C compared to pre-industrial levels. This target requires that the zero emission of CO2 is achieved soon.

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