LANXESS sells chrome chemicals business

Specialty chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. The transaction is still subject to approval by the relevant antitrust authorities. LANXESS expects to complete the planned...

JK Tyre’s Q1 profit down

JK Tyre has announced a consolidated net profit of Rs16.12 crore in the April-June 19 period compared to RsRs64.24 crore in the same period of last fiscal. However, revenues grew by 6% to Rs2581 crore in Q1FY19-20 against Rs2446 in inQ1FY18-19. Dr. Raghupati...

Birla Carbon changes North America price index

Birla Carbon will change all North America contract price formulas from August 1, 2019. The long-used index up to this date, U.S. Gulf Coast High Sulfur Fuel Oil, will change to U.S. Gulf Coast 0.5 percent Sulfur Fuel Oil. Feedstock to make carbon black is sourced...

Tyre labelling more legislation, on safety improvement

By John Stone It is disappointing to see that the main concern of the tyre retailers in Europe ‘still’ is to sell tyres at the highest price possible without bothering to explain the merits of tyre labels Over the past seven years since tyre labelling legislation was...

Tyre production eyes to the east

By Peter R Taylor Europe has been witnessing a seismic shift in tyre production with a huge relocation of capacity from the West to the East, especially in car tyres. The reasons: Rising car owner-ship in Eastern Europe, lower wages, generous investment grants etc....