The country”s Zamboanga peninsula accounts for 43% of the country’s total natural rubber production in 2009, according to a data from the regional agricultural office.
Category: Top News
Thailand’s agriculture ministry sets rubber price
Deputy Agriculture Minister Yuthapong Charas-sathian and the Thai Rubber Association agreed to set this year’s rubber price at 110 per kilogramme.
Rhein Chemie opens 170k capacity-bladder unit in Brazil
German speciality firm Lanxess’s subsidiary Rhein Chemie has opened a new production facility at the Porto Feliz site in Brazil, to produce 170,000/year Rhenoshape high-performance curing bladders, which are used in tyre manufacture.
India’s Rubber Board and RSDC to train rubber planters
Vinod Simon, Chairman RSDC said the programme could benefit an estimated 1 million planters who are involved in NR plantation in the country.
Tyre and auto sectors push down Lanxess sales; Asia Pacific still holds firm
Lanxess says that additional measures are planned in the Performance Chemicals segment and it will reduce its capital expenditure budget as well.
EU court junks Eni’s appeal on rubber cartel fines
Eni SpA (ENI) and its subsidiary Polimeri Europa, now Versalis S.p.A, have appealed to the court to cut the EUR181.5 million fine for conniving with other companies to fix prices of synthetic rubber. In 2011, a lower court reduced Eni’s EUR272.2 million to EUR181.5 million.
China’s SR capacity reaches close to 4 million tonnes in 2012
Of the 23 SR producing companies, major players Sinopec and China National Petroleum Corp account for 59.5% of the country’s SR capacity.
Styron to downscale SB latex capacity in Europe
Due to declining demand in the European paper-coating market and current market conditions, the company sees the reduction vital to regain a healthy supply/demand balance.
Demand for nitrile rubber gloves to surge
Kenanga Research says that demand for rubber gloves, with incline towards the nitrile-based ones, will be pegged at an annual average of 10%.
Rubber prices likely to drop amidst inventory buildup
Rubber inventories in the warehouses monitored by the Shanghai Futures Exchange (SHFE) increased to 0.2% to 122137 tonnes.