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NR shortage may cross 100,000 tn this year, rubber industry fears

Expressing fears that rising shortage of natural rubber may impact the growth of rubber industry, the industry asked for initiating urgent measures for securing future availability of rubber. Speaking at…

Apollo Tyres to lease land abroad to grow rubber

Faced with a shortage of natural rubber and high prices in the domestic market, Apollo Tyres is acquiring land abroad to grow rubber. The company has acquired 10,000 hectare on lease…

RIL and Russia’s Sibur to set up butyl rubber JV in India

Setting its sights on the rapidly growing Indian tyre market on the back of rising automobile sales, Reliance Industries Limited has entered into a deal with Russian petrochemical giant Sibur…

Castle Harlan to acquire two plastic container firms for $200 million

Private equity investment firm Castle Harlan yesterday agreed to acquire two plastic container makers, Pretium Packaging and rival PVC Container Corporation, in deals at a combined valued of $200 million.…

US FDA expresses concerns over possible BPA health risks

In a shift of position, the US Food and Drug Administration (FDA) has expressed concerns about possible health risks from bisphenol-A, or BPA, a widely used component of plastic bottles…