Review of the key figures and data to emerge over the last seven days from leading players worldwide
PROJECTS
Reported over the last two weeks
Reported
Company
Project
Location
Capex
Details
28 Aug
Ceat Ltd
Off-road tire project
Sri Lanka
€147m
Linked to Camso acquisition
27 Aug
Guizhou Tyre
New tire plant
Morocco
n/s
Planned project
27 Aug
Longmarch Tire
Tire plant
Egypt
€163m
Car and truck & bus tires
26 Aug
Inoue Liime, Qingdao Huaqi JV
Rubber chemicals plant
Qingdao, China
n/s
Initially 5ktpa; to Include ZnO
25 Aug
ZC Rubber
5G tire plant
Jintan, China
Yuan672m
Redirect IPO funds from Thai project
22 Aug
Cancarb
Solar power facility
Medicine Hat, Alberta
N/s
To supply carbon black plant
21 Aug
Gummiwerk Kraiburg
Replace rubber mixing line
n/s
n/s
Moderinsation project
20 Aug
Enviro
Project update
Uddevalla, Sweden
n/s
Start-up Q4-25, PAC around mid-2026
19 Aug
Egypt govt. / Sailun Group
New 10m unit/yr tire plsnt
Suez Canal economic zone
€890m
Phase I: 3m PCR, 600k TBR a year
RESTRUCTURING, M&A
ContiTech is selling its Original Equipment Solutions (OESL) business to privately owned industrial holding company Regent, Continental announced 27 Aug. Automotive parts maker OESL employs over 16k people and generated sales of around €1.9bn in fiscal 2024.
Bridgestone plans to cut jobs at its off-road tire plant in Bloomington, Illinois, to align capacity with demand in the “challenging” off-road tire market. The group did not provide further details about the number of jobs to be cut. As of 2020, the factory employed around 450 people.
SKF announced the divestment of its ‘precision elastomeric device’ (PED) operations in the US to Carco PRP Group for €60m. The Elgin, Illinois-based unit generated sales of SEK260m.
Leading rubber product manufacturers’ share-price trends
Company
21-22 Aug
28-29 Aug
Change
Avon Technologies
£19.62
£19.46
-0.8%
Cooper-Standard
$30.50
$36.09
+18.3%
Datwyler
CHF136.00
CHF135.40
-0.4%
Hexpol
SEK84.00
SEK86.15
+2.6%
Semperit
€13.20
€13.22
+0.2%
Trelleborg
SEK350.70
SEK366.10
+4.4%
MATERIALS
Natural rubber
Natural rubber (NR) futures came under pressure from “weak global tire demand, persistent overcapacity and high inventory levels in China,” the Japan Exchange Group (JPX) reported. Prices closed lower across all major exchanges for the week ended 22 Aug, while trading volume was down across the board as “uncertainty and sideways markets kept participants sidelined.” Citing 'a rubber trader', JPX said the market is expected to stay in consolidation mode, though overall sentiment remains relatively stable.
JPX: Selected rubber futures price trends on major trading exchanges