News from Notch Consulting, Inc.

September 26, 2008

Thai Carbon Black Experiences Shut Down

Filed under: Carbon Black — Notch @ 10:43 am

According to The Nation (Thailand), Thai Carbon Black’s plant in Angthong Province, Thailand was partially shut down on August 21 due to the accidental release of carbon dust. Carbon dust from the furnace was released after a short circuit that led to the automatic opening of a valve on the furnace. Water pumps intended to spray water on the dust failed to function.

The partial shutdown followed an inspection by industrial official Suraphon Chamat and Angthong governor Suthana Theeveerapanya. Under the Industrial Plant Act, the governor could have shut down this unit until September 15. I am awaiting word on how long the shut down actually lasted.

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Update: Sources at Thai Carbon Black report that the problem was minor and immediately repaired. The shutdown affected only one of the plant’s 15 reactors (divided amongst five production lines) and lasted less than a day.

SRF Plans Tire Cord Expansions

Filed under: Tire Cord — Notch @ 10:30 am

According to Fibre2fashion, SRF Ltd plans to spend Rs. 5 billion for capacity expansions, including the establishment of India’s first plant to produce polyester tire cord. Other expansions include packaging film. SRF, which is a leading Indian producer of tire cord and chemicals, made two major acquisitions this year, including a tire cord company in Thailand and a belting fabric producer in South Africa. Through a combination of acquisitions and internal growth, SRF plans to nearly double its revenue by the end of its fiscal year March 31, 2012.

SRF is building a plant at its factory in Gummidipoondi in the southern Tamil Nadu state to produce 4,000 tonnes of polyester cords a year. Production is expected to start as early as February 2009.

Lanxess Raising Rubber Chemical Prices

Filed under: Rubber Chemicals — Notch @ 9:34 am

Lanxess AG plans a worldwide price increase for rubber chemicals effective October 1. The increase will offset higher costs for raw materials, transport and energy.

The increase will be as follows:

  • Vulkacit accelerators: $150 to $1,300 per tonne
  • Vulkanox antioxidants: $100 to $2,500 per tonne
  • Specialty materials (Vulcuren, Vulkalent G, Cohedur, Silica Additive, Vulkanol and colloidal sulfur): price increase varies depending on the product and the region.

India is Reviewing Anti-dumping Duty on Nylon Tire Cord

Filed under: Tire Cord — Notch @ 8:59 am

According to the Yarns and Fibers Exchange, India has initiated a sunset review of the anti-dumping duty on nylon tire cord fabric imported from China. India’s domestic tire cord industry has requested the review and seeks to have the current anti-dumping duty both continued and enhanced. Notification of the review, released by India’s Department of Commerce on September 16, states that “dumping has continued in spite of imposition of anti-dumping duty on import of the subject goods from China PR and the domestic industry continues to suffer injury on account of dumping from the subject country.” The imposition of anti-dumping duty on nylon tire cord fabric imports originating or exported from China was recommended in March 2005, following which the Department of Revenues imposed a provisional duty and definitive anti-dumping duty.

Cooper Suspends NA Tire Production Due to Material Shortages

Filed under: General, Tires — Notch @ 8:41 am

Tire Business (subscription required) is reporting that Cooper Tire & Rubber has suspended production at all its North American plants from September 23-28 due to continuing raw materials shortages in the aftermath of Hurricane Ike. According to Curtis Schneekloth, Cooper’s director of investor relations, the company expects production to resume on September 29 at some of its facilities.

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