Industry News

Michelin launches updated Latitude SUV tyre

March 19, 2014
Michelin launches updated Latitude SUV tyre

Michelin has introduced a new, updated version of its Latitude on-road SUV tyre, which is designed to improve fuel efficiency and improve braking performance while lasting for longer than its predecessor. The updated Michelin Latitude 3 tyre is available to…

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Evonik opens silica plant expansion in Thailand

March 18, 2014
Evonik opens silica plant expansion in Thailand

With growth driven by the demand for fuel saving tyres and life science applications in Southeast Asia, German chemicals firm Evonik has expanded production for precipitated silica in Rayong, Thailand. With this investment, Evonik has increased its capacity for precipitated…

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Russian Rosneft to acquire indirect stake in Italian tyre maker Pirelli

March 18, 2014
Russian Rosneft to acquire indirect stake in Italian tyre maker Pirelli

Russia’s largest crude producer Rosneft has agreed to take a 50% stake in a consortium that will control 26.19% of Pirelli, following a reorganization of the Italian tyre producer’s ownership structure, bank Intesa Sanpaolo said in a statement Monday. “Nuove…

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Malay firm gets partner JV for new rubber plant

March 18, 2014
Malay firm gets partner JV for new rubber plant

Malaysian agribusiness firm Felda Global Ventures Holdings Berhad Co and locally based Pho La Min Trading Ltd (PLM) have entered into a joint-venture agreement to build a rubber processing plant in Taninthar­yi Region, the two firms announced last week. The…

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Hartalega presses on as competition intensify

March 17, 2014
Hartalega presses on as competition intensify

OVERCAPACITY is a term used very much in the glove industry these days. That and rising costs of production. In fact, the industry has been wrought by more negativity than “positivity” in the past couple of years, a different scenario…

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Public unrest against another Hayleys factory

March 17, 2014
Public unrest against another Hayleys factory

Just under seven months to the incident which led to the closure of the Weliweriya glove manufacturing plant, another Hayleys group factory, Hanwella Rubber Products Ltd located in Hanwella has taken public to the streets, interestingly for the same contamination…

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Top Glove not giving up on China

March 17, 2014
Top Glove not giving up on China

Top Glove Corp Bhd, the world’s largest rubber glove manufacturer by capacity, has no plans to exit the Chinese market, despite the group incurring an operating loss of RM5.23 million in China during the first quarter ended Nov 30, 2013…

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Tokyo rubber faces tough resistance, sugar premiums may rise

March 17, 2014
Tokyo rubber faces tough resistance, sugar premiums may rise

High rubber inventories will weigh on Tokyo rubber futures this week, but sugar premiums could edge up after New York futures fell on easing day weather concerns in main producer Brazil, dealers said on Monday. In the coffee market, higher…

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Imports to remain as peak season rubber output falls

March 14, 2014
Imports to remain as peak season rubber output falls

Serious drop in the production of natural rubber (NR) during the peak season (Sept– Feb) of the current financial year has raised concern over its domestic availability. While the the peak season production dropped to 518,000 tonne as against 546,500…

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Lanxess said to hire Macquarie to explore rubber options

March 14, 2014
Lanxess said to hire Macquarie to explore rubber options

Lanxess AG (LXS) has hired Macquarie Bank Ltd. to advise on the potential sale of a rubber-chemicals business, according to people with knowledge of the matter. The process to explore options for the asset is still in the early stages,…

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Rubber Prices
(Last Updated: 16 Aug 2018)

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


Source: Latex India

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