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GRI served as silver sponsor of the World Rubber Summit 2018

Monday, May 21, 2018
Colombo, Sri Lanka - GRI was the new silver sponsor of the World Rubber Summit 2018, a premier event held annually by The International Rubber Study Group (IRSG). This year’s event was held in collaboration with the Ministry of Plantation Industries of the Government of Sri Lanka on May 7-8 in Colombo, Sri Lanka. “Taking into consideration that we are a Sri Lankan company, we perceive the World Rubber Summit to be an exclusive opportunity for the worldwide rubber industry to discuss the current challenges the industry is facing, along with future opportunities, and most of all about how we can work in unison to advance this industry.” said Asela Gunawardena, sales and marketing director, GRI. GRI furthermore looks forward to addressing the audience of the World Rubber Summit, as its esteemed found-er and managing director, Prabhash Subasinghe, also the re-elected chairman of the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP), will be chairing the session on The Sustainable Growth Path for the Rubber Industry and What Fast Growing Economies Can Offer, with due attention given to how growth opportunities in tire and general rubber goods in Asia could deliver sustainable growth in the rubber industry globally. GRI commenced its journey in 2002, when Prabhash Subasinghe built a solid tire manufacturing plant in Sri Lanka. GRI’s global outreach expands to over 50 countries worldwide, with a network of sales offices in seven countries covering the United States, Europe and Asia.The Sri Lankan rubber industry has made a tremendous contribution to the country since its inception in 1876, and is a pioneer in the natural rubber industry in Asia. As of now, Sri Lankan natural rubber has become an industrial raw material with global significance. Its economic benefit has been significant in attracting investment, job creation and raising foreign exchange earnings. “Since its inception in 2002, GRI has worked to bring progress and development to its local community and the country,” stated Prabhash Subasinghe, managing director, GRI. January 25 saw GRI open the doors to a world class specialty tire manufacturing facility that will produce radial agriculture tires for the first time in the country, thereby effectively enhancing Sri Lanka’s export portfolio. This new factory will be comprised of approximately 70 percent agriculture tire products, and the remaining output will consist of pneumatic construction tires and fork-lift tires. GRI’s plant will produce the full spectrum of tires used in off-road applications. With an investment of over $ 40 million, GRI’s tire plant is a first in many respects. It is equipped with state-of-the-art technology, and many of the machines are the first of their kind to be commissioned in Sri Lanka. The team at GRI has utilized some of the most advanced technologies available, with globally recognized machines that allow for an increased degree of precision and much greater automation. These factors continue to drive GRI forward and will result in greater efficiency, and reduced cycle times and energy waste. The new factory is also completely self-sufficient and is certified by ISO 9001:2008 and ISO 14001:2004, an environmental management system (EMS) certification stating a set of processes and practices that enable an organization to reduce its environmental impacts and increase its operating efficiency. GRI’s commitment to sus-tainability is also evident throughout in its 1.2-megawatt solar panels, bio-mass boilers and fully recyclable waste and water management systems. This plant is a testament to the pioneering spirit and values embodied by all at GRI. GRI’s values of purposeful action, relentless drive and far-sighted approach, coupled with a discovery mindset, are evident in every aspect of this plant. Looking to the future, GRI will embark on even more ambitious and exponential innovation programs. “In an ever-changing, complex and uncertain world, we rise to the challenge. We understand the importance and implications of major technological shifts in our industry - the prevalence of IOT [Internet of Things], the opportunity that machine learning or AI [artificial intelligence], augmented reality and virtual reality can provide in making better decisions. We are now well into establishing an innovation lab that will harness many of these technologies to drive our business forward. This new frontier is something that I am deeply interested and passionate about,” Subasinghe asserted. When asked for his views on the Sri Lanka rubber industry, Subasinghe, managing director, GRI, had this is say: “Today, the country is recognized as the world’s leading solid tire exporter with over 60 percent of global market share. The center of gravity of the rubber industry has shifted steadily from growing rubber to value-added product manufacturing. This indicates an exceptional promise and a bright future for the rubber industry in Sri Lanka, and is undeniably a positive development.” Sri Lanka is the world’s sixth largest rubber exporter and eighth largest natural rubber producing country in the world. Over 70 percent of global rubber production is accredited to the tire industry. The turnover of Sri Lanka’s rubber industry today stands at $1 billion, with the rubber industry playing the part of a vital contributor to our national economy, all while being an environmentally sustainable industry that assists hundreds of thousands of rubber producers. Sri Lanka aims to make the rubber sector a $3 billion industry in 2020. - * Email

The Month in Review - Past 30 Days

Tuesday, June 19, 2018
Zeon announces global price increase for thermoplastic elastomer and hydrocarbon resin
Global chlorinated polyethylene market forecast to reach $890 million by 2025
Rubber additives processor PPS/Chempac acquired by Connecticut-based Rose Mill Company
Goodyear announces retirement of Laura Thompson, chief financial officer
Kraiburg TPE responds to increasing demand for flame-retardant thermoplastic elastomers

Monday, June 18, 2018
Technobiz announces USA Rubber Training Week 2018 - 5th Edition
Trelleborg keeps robots on the move
Momentive launches next generation of thermally resistant silicone PSA
Myers Industries announces quarterly dividend
Albemarle to attend Citi's Chemical Conference in London

Friday, June 15, 2018
Dow Performance Silicones adds two RTV silicone adhesives to the Dowsil line
Clariant completes Phase 3 of the EU regulation REACH
Book of the Day - Rubber Extrusion Technology Short Course Notes
Continental unveils Port Plus compound for V.ply tires
Cabot increases prices on carbon black for the EMEA region
Kraton announces price increase for all Kraton HSBC polymers

Thursday, June 14, 2018
BASF invests in carbon recycling company LanzaTech
Arkema completes its third registration phase under REACH
DuPont to showcase Vamac ethylene acrylic elastomers at DKT 2018
China approves TSR 20 rubber futures on Shanghai futures exchange
Covestro LLC celebrates startup of thermoplastic polyurethane expansion in New Martinsville, WV
Hankook Tire partners with Arlanxeo to develop high-performance synthetic rubber grades and applications

Wednesday, June 13, 2018
Global silicone adhesives and sealants market projected to reach $6 billion by 2022
Sears expands list of stores to service tires purchased on Amazon
BFGoodrich hires Salesforce for digital marketing services
Hankook presents all-weather tire Kinergy 4S²
Asia's largest rubber expo to be held in Mumbai next year
Nitrile butadiene rubber powder market forecast to reach $600 million by 2024

Tuesday, June 12, 2018
Huntsman Tecnoelastomeri unveiled new hot-cast elastomer machines at Utech
Toledo Molding & Die plants to remain open after acquisition by Grammer AG
Plastikos announced the construction of a new medical molding facility
Falken Tyre to launch all season tire for vans and light trucks
Global market for liquid silicone rubber forecast at $ 7.9 billion by 2026

Monday, June 11, 2018
Toyo Tire & Rubber develops technology for the simulation of tire aerodynamics
Continental Trackman XP rubber track has been awarded the German Innovation Award
NuSil expert to speak at the 2018 Silicone Elastomers U.S. Summit
Orion is increasing prices for all rubber carbon black grades sold in the EMEA region
Regional tire manufacturing associations convene in Washington, D.C.
Desma USA integrates process automation with robotic systems for injection molding machinery

Friday, June 08, 2018
Arkansas tire cord manufacturers request exemption from steel tariffs
Engel to demonstrate three applications in elastomer processing at the German Rubber Conference in Nuremberg
Smithers Rapra expert to share medical elastomers knowledge at U.S. summit
AAA study reveals worn tires put drivers at risk
Book of the Day: USA Rubber & Tire Industry Patents 2015-2017
Nokian Tyres breaks ground on test center in Spain

Thursday, June 07, 2018
Goodyear blimps to provide aerial coverage of NBA finals in Cleveland and Oakland
Liberia opens first wholly-owned rubber processing plant
Kuraray raises prices on elastomers for all regions
Saint-Gobain Seals begins production of Rulon 123 stamped fluoropolymer parts at its Bangalore, India, facility
Denka develops high-performance elastomer Evolmer as an alternative to hydrogenated nitrile rubber
International Institute of Synthetic Rubber Producers elects Kuraray's Brian Chapman as President International

Wednesday, June 06, 2018
BASF to increase prices for certain polyalcohols, diols and derivatives in North America
PolyOne Corporation announced the acquisition of PlastiComp
Lewis-Goetz, EVCO House of Hose and Valley Rubber & Gasket rebranded as Eriks
Maplan exhibits rubber injection molding combined with robotics and automation at Days of Technology N.A.
Global market for synthetic rubber forecast to reach $45 billion by 2023
Worldwide styrenic block copolymers demand expected to grow 3.9 percent annually through 2022

Tuesday, June 05, 2018
Sun Tyre & Wheel Systems acquires STARCO Lanka Private Limited
Carnegie Mellon University researchers develop a new approach to optimize thermoplastic 3D printing
BFGoodrich introduces its next-generation off-road tire, the Mud-Terrain T/A KM3
Michelin targets 2048 for tires to be made with 80% sustainable materials with 100% recyclability
Bayer to complete acquisition of Monsanto, eliminate brand name
Bridgestone HosePower acquires hydraulic and industrial hose distributor Industrial Rubber Co.

Monday, June 04, 2018
Goodyear expands mobility work with leading research center
AkzoNobel sells Specialty Chemicals business to The Carlyle Group and GIC for €10.1 billion
Global rubber processing chemicals market forecast to reach $7 billion by 2026
USTMA releases statement on Trump administration decision to impose tariffs on steel and aluminum
Michelin completes acquisition of Fenner PLC
Cooper Tire unveils the Discoverer AT3 family of tires

Friday, June 01, 2018
Nordson Asymtek receives Innovation and Vision awards at Nepcon China
TARRC and Rubber Consultants announce Open Day on Wednesday, July 18
Green, low rolling resistance tires market is projected to reach $104.23 billion by 2022
Specialty Silicone Products supplies a nickel-aluminum silicone that provides EMI shielding, resists galvanic corrosion
Hyundai to invest $388 million to build a plant in Alabama
Book of the Day: Rubber & Tire Technology, Volume 1

Thursday, May 31, 2018
Continental celebrated one million tires measured with its Bluetooth-enabled digital inspection tool, ContiTrack2
Cooper Tire awards annual Roy V. Armes and Centennial scholarships
Arlanxeo's Keltan business hosts successful 2018 Innovation Challenge
Elastomers World Summits abstract deadline is tomorrow
Global high-temperature elastomers market forecast to reach $14.9 billion by 2023
Goodyear engages workforce through annual Global Week of Volunteering

Wednesday, May 30, 2018
Global butyl rubber market forecast to reach $4.2 billion by 2025
Huntsman to build a new polyurethanes systems house in Dubai
Continental Tire the Americas recalls 655 Conti Hybrid HS3 tires
Industrial rubber market projected to grow at a CAGR of 4.6 percent through 2022
Swiss researchers develop elastic fiber filled with electrodes set to revolutionize smart clothes

Tuesday, May 29, 2018
U.S. Naval Research Laboratory has developed and patented a transparent thermoplastic elastomer armor
Mitsui Chemicals increases market development efforts for metallocene-based EPDM
Coloplast U.S. launches silicone wound dressing for the health industry
Lubrizol held a ribbon-cutting ceremony to celebrate the start-up of its TPU capacity expansion in Avon Lake, Ohio
BASF is exhibiting at UTECH Europe 2018
Grammer AG acquires Toledo Molding & Die Inc.

Monday, May 28, 2018
Higher oil prices boost natural rubber in India
Ford restarted production of F-150 after fire destroyed supplier facility
Ashland to increase the price of maleic anhydride sold in North America
Elastomix to increase carbon masterbatch production in China
Bridgestone combines rubber and resin to create a high strength rubber

Friday, May 25, 2018
Sea-Land Chemical and Chevron Phillips expand distribution relationship to include normal alpha olefins
Global polyurethane trends and innovations to be unveiled at UTECH Europe
Goodyear recognized by Subaru with the Excellent Performance Award
Book of the day: Thermoplastic Elastomers
Bio-based polymers production capacity forecast to grow at 4 percent annually

Thursday, May 24, 2018
International Rubber Conference 2019 announces call for papers
Global demand for industrial rubber products is forecast to climb 6 percent through 2021
SPE Extrusion Minitec to be held Thursday, June 14, in Detroit, MI
Dow Polyurethanes opens a systems house in the state of Maharashtra in India
Smithers expands testing for rubber infill material commonly used in artificial turf

Wednesday, May 23, 2018
Cabot Corporation to expand global carbon black capacity by over 300,000 metric tons
Denka develops elastomer for sealing and fiber processing
Global aircraft tire market forecast to expand at a CAGR of 4 percent through 2026
Goodyear is encouraging drivers to check their tires during National Tire Safety Week
USTMA, legislators urge Ohio House to pass unsafe used tire bill

Tuesday, May 22, 2018
Global butyl rubber market is forecast to grow at a 4.7 percent CAGR through 2025
Cooper kicks off National Tire Safety Week with Tread Wisely campaign for teens
Carnegie Mellon researchers develop electrical conducting, elastomer based self-healing material
USTMA: #KnowYourRoll is the National Tire Safety Week theme
Kuraray America's Pasadena, TX, facility fire sends 21 employees to hospital

Monday, May 21, 2018
Global polyols market forecast to reach $34 billion by 2022
Redwood Plastics and Rubber appoints Angela Rodenburgh vice president of sales and marketing
GRI served as silver sponsor of the World Rubber Summit 2018
Denka to increase chloroprene rubber production by 10,000 tons
Toyo Tire to launch premium tire for SUVs

Todays Headlines

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