After taking into account all the present economic crises, the export of rubber products is expected to grow 10% again this year, said the Malaysian Rubber Export Promotion Council chief executive officer Datuk Teo Suat Cheng. Last year, the country’s…
Category: Pan-Asia
South and East Asia rubber news
Satellite spots areas of natural rubber cultivation
The Indian Rubber Board, in association with the Indian Space Research Organisation (ISRO) has been conducting satellite imagery surveys to find out potential areas of natural rubber cultivation in India. “The year-long satellite-based imagery study being conducted jointly by the…
China’s car sales losing steam despite 9.9% growth in June
The world’s biggest car market is losing steam. Auto sales in China were up 9.9 percent year-on-year in June – a strong showing but lower than the previous month’s numbers. Total vehicles sales for June stood at 1.58 million units…
IRSG forecasts NR surplus
Singapore-basedInternational Rubber Study Group (IRSG) has forecast a surplus production of natural rubber (NR) in 2012. The group expects it to rise 7.8% to 11.8 million tonnes this year as consequence of new production available from trees planted in the…
Gevo to build plant in Malaysia
American renewable chemicals and biofuels firmGevohas inked a collaborative agreement with the Malaysian government’s East Coast Economic Region Development Council, Malaysian Biotechnology Corp (BiotechCorp) and the Terengganu state government to build the world’s first bio-isobutanol plant in Kerteh, Terengganu. It…
China focus for Sibur and Synthomer
Sinopec and Russian petrochemicals group Sibur are setting up a joint venture to produce synthetic rubber in Shanghai. It will use patents and technologies from Sibur to produce nitrile butadiene rubber and isoprene rubber. Sinopec andSiburhave also set up a…
Saudi tyre market to grow
Saudi Arabian tyre sales are forecast to surge over US$10 billion by 2014, according to TechSci Research. The tyre sales have three major components: OEM, replacement and exports, including re-exports. The used car market was valued at more than US$800…
Thailand approves NR price support
Thailand’s National Rubber Policy Committee has approved the purchasing of rubber at three baht above the bidding price at the central rubber market in order to boost prices. The government earlier approved a 15-billion-baht budget to intervene in the market…
Malaysian rubber market expected to remain firm this week
The Malaysian rubber market is expected to remain firm this week amidst higher oil prices, dealers said. A dealer said sentiment, however, is expected to be cautious this week as buyers await more fresh leads. There is market talk that…
Rubber processing plant to rise in Davao, Philippines
A rubber processing plant will soon rise in Compostela Valley province in Mindanao, Philippines. The plant, estimated to be worth EUR272,140, is said to be the first in Davao region. The plant is a joint project between the Department of…