Pan-Asia

South and East Asia rubber news

Sheet rubber prices drop in India while production rises

November 22, 2018
Sheet rubber prices drop in India while production rises

Sheet rubber prices have fallen 5% in November so far following an increase in production amid slowing demand. On Wednesday, the RSS-4 variety, used in tyre manufacturing, was priced at Rs119 per kg. “In October, our production should be close…

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Toyoda Gosei begins operations at Indian plant

November 12, 2018
Toyoda Gosei begins operations at Indian plant

The Gujarat Plant of Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), started operations in October 2018. The plant is the Indian subsidiary of Toyoda Gosei Co. Ltd. India is a key market for Toyoda Gosei, and the company has been…

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Bridgestone becomes worldwide Paralympic partner; nets marketing rights in tyres, sports equipment

October 19, 2018
Bridgestone becomes worldwide Paralympic partner; nets marketing rights in tyres, sports equipment

Tokyo-headquartered tyre and rubber manufacturer Bridgestone has become the International Paralympic Committee’s (IPC) seventh Worldwide Paralympic Partner. Already a Worldwide Olympic Partner through to 2024, Bridgestone now has global rights to promote and support the Paralympic Movement over the same…

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Kumho enters Pakistan’s market through tie up with Century

October 2, 2018
Kumho enters Pakistan’s market through tie up with Century

Under a deal touted as the first of its kind in the country, South Korea’s second largest tyre maker Kumho Tire Co has signed a ten-year technology transfer agreement with Pakistan’s Century Engineering, which is essentially involved in producing car…

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India cracks down on China’s FKM imports; countervailing duty probe ongoing

September 18, 2018
India cracks down on China’s FKM imports; countervailing duty probe ongoing

India has initiated a countervailing duty probe into increased imports of fluoroelastomer (FKM), a fluorocarbon-based synthetic rubber from China, following a complaint from Gujarat Fluorochemicals (GFL),  a part of the $3 billion INOX Group of Companies, and India’s largest producer…

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Sharp dip in India’s natural rubber output

September 14, 2018
Sharp dip in India’s natural rubber output

India is forecasting a decline in natural rubber output by 18 to 20% this year that will negatively impact the tyre industry, says ICRA Ltd., an investment information and credit rating agency. The floods in Kerala, due to unusually high…

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Continental opens first 3D blow moulding plant for hoses in China

September 4, 2018
Continental opens first 3D blow moulding plant for hoses in China

Technology firm Continental has opened a EUR10 million 3D blow moulding plant for hoses in Changshu, China. The new plant is Continental’s fourth production site featuring 3D blow moulding technology across the world, following previous plants in Germany, the US…

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Zeon to set up Thai subsidiary for the production of acrylic rubber

September 4, 2018
Zeon to set up Thai subsidiary for the production of acrylic rubber

Tokyo-headquartered Zeon Corporation will establish a new subsidiary in Thailand, Zeon Chemicals Asia, for acrylic rubber manufacture and sale. The subsidiary will be located in Rayong province, Thailand and will have a capital of US$38.13 million. Acrylic rubber (ACM) is…

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Kerala floods to affect tyre companies; India’s rubber prices remain firm

August 28, 2018
Kerala floods to affect tyre companies; India’s rubber prices remain firm

Tyre stocks have been making the news in India after the floods in the southern state of Kerala. Shares of industry majors like Apollo Tyres, JK Tyre, MRF and Goodyear are down by 10% so far, according to analyst Moneycontrol…

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Chandra Asri/Michelin jv synthetic rubber plant completed in Indonesia

August 23, 2018
Chandra Asri/Michelin jv synthetic rubber plant completed in Indonesia

Indonesia’s PT Chandra Asri Petrochemical and French tyre maker Michelin have completed construction at the new synthetic-rubber manufacturing site owned by the companies’ joint venture PT Synthetic Rubber Indonesia (SRI). The companies invested US$435 million into SRI. Michelin has a…

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Rubber Prices
(Last Updated: 10 Dec 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

Automotive

PRA ELECTRONIC ISSUE
PRA Nov/Dec 2018 issue

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