Thousands of hectares of rubber trees in the eastern and central regions have been eliminated since the price of latex rubber, once described as “white gold”, has plummeted on the world market. According to Vuong Quoc Thoi, Director of the…
Rubber Association of Canada announces name change
The Rubber Association of Canada (RAC) will soon be the Tire and Rubber Association of Canada/L’Association canadienne du pneu et du caoutchouc, thanks to the unanimous vote of the RAC membership at the association’s annual general meeting June 19. When…
TIA denied USW request on Chinese tyre duties
The Tire Industry Association (TIA) has come out in opposition of the United Steelworkers (USW) union’s June 3 petitions to the International Trade Commission requesting antidumping and countervailing duties against passenger and light truck tyres imported from China. “TIA is…
Indian carbon black producer builds facility in Egypt
“India’s biggest producer of raw carbon black, RP-Sanjiv Goenka Group plans to build a $170 million carbon black plant in Alexandria, according to a board member at the Egyptian Indian Polyester Company (EIPC). “The project will be located at Borg…
Apollo shares more details on company’s new plant
Earlier this year, Apollo Tyres Ltd. announced it was going to build a greenfield plant in Eastern Europe. At the global launch of two Vredestein tires in Edinburgh, Scotland, on June 23, company executives shared more details with the media…
Hankook joins Singapore-based organization
Hankook Tire Co. Ltd. has joined the International Rubber Study Group’s (IRSG) Panel of Associates. Singapore-based IRSG, according to its website, is an inter-governmental organization “composed of rubber-producing and -consuming stakeholders.” The organization was established in 1944. Hankook was established…
Teijin to establish automotive rubber company in Thailand
Teijin Limited and Teijin Frontier Co., Ltd., the Teijin Group’s fibre product converting company, jointly announced today that they will accelerate their automotive rubber materials business in Thailand by establishing Teijin FRA Tire Cord (Thailand) Co., in partnership with Ayaha…
China rubber stocks decline linked to Qingdao port fraud investigation
Rubber stocks in bonded warehouses in China’s Qingdao port have fallen about a tenth from a peak in May, partly on reduced demand for the commodity as a loan collateral after a fraud investigation at the port, industry sources said.…
Kumho resumes plan to open US tyre plant
A spokesperson for Kumho Tire USA. Inc., the US subsidiary of South Korea-based Kumho Tire Co. Ltd., said the company has resumed its plan to open a production plant in the United States that had been suspended for six years.…
Tokyo rubber futures attains two-month high due to oil gains
Benchmark Tokyo rubber futures snapped a five-session rally to head lower on Tuesday, pulling back from a more than two-month high in the previous day, as profit-taking and a decline in crude oil market pressured prices. The benchmark rubber contract…