Industry News

The Philippines to invest over Php7.5 mn in rubber clones to up production

August 9, 2017
The Philippines to invest over Php7.5 mn in rubber clones to up production

The Philippines’ Department of Agriculture (DA) is investing Php7.5 million (approximately more than US$148,000) for the testing of rubber clones from other countries as part of its efforts to increase annual production to three metric tonnes (MT). Philippine Rubber Research…

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AkzoNobel, Itaconix bio-based polymer project collaboration

August 8, 2017
AkzoNobel, Itaconix bio-based polymer project collaboration

The Specialty Chemicals business of Dutch multinational company AkzoNobel and specialty polymers company Itaconix have finalised a collaboration agreement for the development of bio-based polymers. Announced earlier this year, the joint development agreement involves AkzoNobel’s Performance Additives unit developing applications…

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Firestone to stop rubber purchasing for 2 weeks due to oversupply

August 8, 2017
Firestone to stop rubber purchasing for 2 weeks due to oversupply

Firestone Natural Rubber Company, LLC, a subsidiary of American tyre and rubber company Firestone, is suspending rubber purchasing for two weeks from August 10 to August 24 “due to the current extreme oversupply of our rubber inventory”. Firestone Natural Rubber Company,…

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India’s domestic NR consumption rises as demand from tyre sector grows

August 8, 2017
India’s domestic NR consumption rises as demand from tyre sector grows

Local consumption of natural rubber (NR) in India has increased from 994,415 tonnes in 2015-16 to 1,044,075 tonnes in 2016-17 due to the growing demand for the commodity from the country’s tyre sector. The country produced 691,000 tonnes (provisional) of…

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Business matching event in Thailand sold over 300,000 tonnes of rubber

August 4, 2017
Business matching event in Thailand sold over 300,000 tonnes of rubber

A business matching event held by Thailand’s Commerce Ministry to help boost the demand for rubber has sold more than 300,000 tonnes of the commodity, with more orders expected to follow soon. Commerce Minister Apiradi Tantraporn said yesterday’s event gathered…

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Sabah Rubber Industry accused of pushing costs to rubber smallholders

August 4, 2017
Sabah Rubber Industry accused of pushing costs to rubber smallholders

The Sabah Rubber Industry Board (LIGS) in Malaysia has been accused by political party Parti Warisan Sabah (Warisan) of pushings its costs to rubber smallholders. The argument started when Warisan questioned how LIGS made a profit of RM100 million in…

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Philippines tests rubber nanosensor technology in Zamboanga Peninsula

August 4, 2017
Philippines tests rubber nanosensor technology in Zamboanga Peninsula

The Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development of the Department of Science and Technology (DOST-PCAARRD) and the De La Salle University (DLSU) tested the rubber nanosensor technology recently in the Zamboanga Peninsula in Mindanao. The…

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Goodyear, USW sign tentative labour agreement for five US plants

August 2, 2017
Goodyear, USW sign tentative labour agreement for five US plants

Goodyear Tire & Rubber Company, a multinational tyre manufacturing company based in Akron, Ohio, has signed a five-year master labour contract with United Steelworkers (USW), North America’s largest labour union. The tentative labour agreement covers nearly 7,000 workers at five…

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Asahi Kasei to increase S-SBR output capacity in Singapore plant

August 2, 2017
Asahi Kasei to increase S-SBR output capacity in Singapore plant

Global Japanese chemical company Asahi Kasei is increasing its production capacity for solution-polymerized styrene-butadiene rubber (S-SBR) in its Singapore plant. Demand for tyres that provide enhanced fuel-efficiency has been growing rapidly and is forecasted to continue to do so as…

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VMI wins tyre building drum patent infringement case in China

August 2, 2017
VMI wins tyre building drum patent infringement case in China

VMI Group has won a patent infringement case in China for its tyre building drum against Shuangjun Plastic and Rubber Machinery Ltd. Shuangjun has been ordered by the Chinese Intellectual Property Office (IPO) to stop manufacturing, offering for sale, and…

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International Rubber Prices
(as of 10, August 2017)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: India Rubber Board

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PRA ELECTRONIC ISSUE 2017
August 2017 Issue

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