Thailand, Indonesia and Malaysia, the rubber-producing countries which make up the International Tripartite Rubber Council (ITRC), could soon be implementing another round of the Agreed Export Tonnage Scheme (AETS) to steady market price of natural rubber (NR) and address unforeseen…
Author: admin
Pakistani/Chinese jv to set up tyre plant in Pakistan
Pakistan’s Service Industries Ltd. and China’s Chaoyang Long March Tyre Co. Ltd. have set up a joint venture in Pakistan for the construction of a radial truck/bus tyre plant. Service Industries has a 51% stake in the joint venture. Located…
GRI acquires Aussie forklift tyre company
Sri Lankan tyre maker GRI has acquired Australian industrial tyre specialist Axis Tyres. The acquisition is focused on the forklift segment of Axis Industrial Tyres Pty Ltd and includes the four branches of Axis in Altona and Braeside in Melbourne, the…
India to close down non-compliant pyrolysis units in Bihar, Tamil Nadu, etc.
India’s central pollution authority has ordered the shutdown of nearly 270 tyre pyrolysis plants in 19 States across the country on the grounds of “disregarding environmental norms and causing high levels of pollution.” These include notices to the state pollution…
Myanmar to ban rubber seed imports to protect against fungal outbreak
Myanmar will ban the import of rubber seeds, seedlings and saplings from Thailand, where rubber plantations have been ravaged by the Pestalotiopsis fungal outbreak, as well as such imports from other countries, as it moves to protect its precious rubber…
Goodyear Tire starts online sales in Germany; soon to include rest of Europe
US-based tyre major Goodyear has recently launched online sales of its tyres in Germany as the pilot market on European shores. German consumers can now choose to purchase tyres and schedule installation by a trusted local retailer through Goodyear’s official…
Hubner sells auto segment to Gotec
German mobility supplier Hubner will be divesting itself of its automotive segment as of 1 April 2020. The business with injection-moulded plastic components will be sold to automotive supplier Gotec Gorschlüter GmbH located in Wülfrath, Germany, close to Wuppertal. Gotec…
Trelleborg restructures; cuts back on business units
As part of a restructuring programme, Sweden’s Trelleborg A.B. is reducing the number of its business areas from five to three to target further strengthening of what it says are “already well-performing and well-positioned business areas” while highlighting areas where…
Minister claims MYR 41b value for Malaysian rubber industry in 2020
Malaysia’s rubber industry, including the rubber glove sector, is expected to contribute almost MYR 41 billion (US$9.8 billion) in 2020 – according to rubber glove industry projection, export revenue could likely hit MYR 20.7 billion in 2020,upwards from the MYR…
Apollo Tyres set to enter Saudi Arabia market after tie-up with tyre distributor
Indian tyre manufacturer Apollo Tyres (Apollo) will ease into the rapidly expanding Saudi Arabian tyre market following its partnership with local tyre distributor Al-Jomaih Tyres. Sheikh Abdullah Al-Jomaih, CEO, Al-Jomaih Tyres, said Apollo could provide quality products for local customers…