China-based tyre manufacturer Guizhou Tyre recently broke ground on two new production plants near the company’s headquarters in Guizhou, Guiyang Province. Once constructed and fully operational, the US$307 million plant is expected to generate nearly US$426 million annually from its…
Tag: vietnam
Vietnam, China pip India to 5th place in natural rubber production
Giving a shock treatment to the Rubber Board and the policy makers, recent data released by Association of Natural Rubber Producing Countries (ANRPC) shows that India has slipped down to the fifth spot in production, below Vietnam and China in…
Rubber exports on the rise in Vietnam
THE Indochinese country expects to make over US$3 billion from rubber exports this year because of rising global demand, says its Ministry of Agriculture and Rural Development. China accounts for 70% of the country’s total rubber exports, while exports to…