The government of Thailand is said to buy 3 Billion Baht worth of rubber to local farmers to increase the prices of rubber in the rubber market.
Category: Pan-Asia
South and East Asia rubber news
Arunachal districts immensely cultivating rubber
Arunachal districts in India have massively cultivated their lands to increase the production of rubber. The Rubber Industry of India has set up rubber plantations in East Siang, Telam Seren and Dipa, Niglok, Ngorlung, Nari and Bilat and areas to reach their target of production.
RM300m to RM500m to be invested in automation by Glove makers
Malaysia rubber glove makers to increase investment, improve the automation system, reduce the labour cost and boost the employment of locals.
Yokohama Rubber allies with Yokohama Tire Vietnam
Yokohama Rubber Co. Ltd. is winding up with the Yokohama Tire Vietnam Company (YTVC) in the hope of enhancing the tire production and marketing operations of Yokohama Rubber, the subsidiary owner of Yokohama Tire Vietnam Incorporated.
More R&D to stretch Malaysia’s rubber industry further
KUALA LUMPUR – Five new research and development facilities for the rubber production sector are in the pipeline, said Deputy Prime Minister Tan Sri Muhyiddin Yassin. He added that this was a part of the Government Economic Transformation Plan’s efforts…
Ansell and Ramsay Health Care enter global multi-year purchasing agreement
MELBOURNE , Australia – Ansell Limited , a global leader in medical gloves and healthcare safety solutions, has announced it has entered into a multi-year purchasing agreement with Ramsay Health Care , one of the largest private hospital groups in…
Cartel pushes up price of rubber
THE weak global economy has driven down prices for everything from copper to coal, and now the cartel that controls most of the world’s production of rubber, one of the hardest-hit commodities, is fighting back. The three Southeast Asian countries…
Thailand defers spending US$480mil more to prop up rubber prices
BANGKOK, Thailand – The Thai cabinet has turned down a plan to spend another 15 billion baht (US$480mil) on buying rubber to prop up prices but will monitor the situation to see if further intervention is necessary, the deputy agriculture…
Firms record sales in the first half
AFTER almost matching the dynamic level of the strong Q1, German automotive parts supplier Continental foresees hitting another record year, especially with potential increase in consolidated sales of more than 7% to over EUR32.5 billion. Moreover, Continental projects that the…
Thai govt has 15 days to resolve rubber price woe
SONGKHLA, Thailand – Rubber planters in Thailand’s southern provinces on Monday set a 15-day deadline for the government to resolve the declining price of rubber. The planters earlier rallied at the Provincial Administration Office in the southern province of Songkhla…