The Thai government has bought around 10,000 tonnes of rubber sheet from farmers in an intervention scheme to prop up prices, the deputy agriculture minister said. “Now we have around 10,000 tonnes of rubber in stocks and I will be…
Category: Pan-Asia
South and East Asia rubber news
Daikin builds fluoro-rubber project in Changshu
Daikin Industries is building new fluoro-rubber capacity in Changshu, China. It was originally scheduled to come on stream in January 2013 but local reports suggest that it may be delayed until mid-year. The company said in July 2011 that it…
Philippine rubber farmers seek probe on falling prices
Owners of rubber farms in North Cotabato, Philippines urged the Department of Agriculture to look into the continuing decline of prices of their products. Datu Boy Imba, a senior official of the Free Rubber Tappers’ Association in the province, said…
Apollo opens component prep unit in South Africa
Apollo Tyres announced that it has opened a new state-of-the-art Component Preparation Unit at its Ladysmith tyre manufacturing facility in South Africa. The 6,500 sqm unit has the potential for further expansion to facilitate future growth. The US$35 million investment…
Rubber & metal drive Sri Lanka’s Q1 exports
Sri Lanka’s first quarter exports remained strong desite volatile global oil prices and global downturn. Appearing unaffected, the country reported only a marginal 1.4% export drop (US$2.63 billion) compared to last year’s first quarter at US$2.67 billion. Minister Rishad Bathiudeen…
Thai Government buys 4,300 tonnes Rubber in Intervention
Under its intervention programme, the government of Thailand has bought only 4,300 tonnes of rubber sheet from farmers ar below the target of 200,000 tonnes, and it has had minimal impact on prices, government and industry official said on Tuesday…
Rubber clings on China stimulus
Rubber advanced, reversing earlier losses after Chinese policy makers pledged new spending, boosting speculation that demand from the world’s largest consumer may weather Europe’s debt crisis and keep expanding. November-delivery rubber gained 0.6% to settle at 271.9 yen a kg…
China to consume 3.5 million tonnes of recycled rubber
In a revelation which may cause some economists to adjust their models, China’s CRIA said the country will consume around 3.5 million tonnes of recycled rubber in 2012. This figure represents over 10 percent of the total global rubber consumption,…
Mitsui Chem prepares for restoration activities
After the explosion of the company’s resorcinol plant in Iwakuni and Ohtake, Mitsui Chemicals announced that it is currently working with local authorities in the investigation and is preparing for some restoration activities. For safety measures, the company is clearing…
Continental takes over Malaysian Joint Venture
German firm Continental has purchased the remaining 30% interest from its Continental Sime Tyre joint venture in Malaysia from partner Sime Darby. Continental paid US$31 million in 2003 for a 30% in the unit, then increased its share to 51%…