The use of cold mix asphalt (CMA) to build and surface roads will benefit about 440,000 rubber smallholders in Malaysia, says Deputy Prime Minister Ahmad Zahid Hamidi. He said the use of the rubber-based CMA would boost the consumption of…
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Versalis/Bridgestone to partner for research into guayule
Versalis, Eni’s chemicals company and a major player in the polymers and elastomers industry, and Bridgestone Americas (Bridgestone), the leading global producer in the tyre industry, have signed a strategic partnership agreement to develop and deploy a comprehensive technology package…
Global natural rubber price increases thanks to reduced supply from exporting countries
Indonesia’s Trade Ministry said that the global natural rubber prices have increased by 5 % in January thanks to reduced supply from exporting countries On Dec. 22, 2017, the International Tripartite Rubber Council (ITRC), which consists of Indonesia, Thailand and…
Natural rubber production rose 14.3 % in December 2017
Natural rubber production rose 14.3 % in December 2017 to 67,125 tonnes from 58,733 tonnes produced in the previous month, said the Department of Statistics. Stocks rose 6.4 % to 230,315 tonnes at the end of December 2017 compared with…
India to release new rubber policy soon – Alphons
India’s Union Minister of State for Tourism K.J. Alphons has announced that the Central government will soon come out with a new Rubber Policy which will ensure remunerative prices for natural rubber. Speaking to media persons on the sidelines of…
Malaysia’s Sabah Rubber Industry Board (SRIB) worried over low rubber prices
Sabah Rubber Industry Board (SRIB) general Manager Datuk Harris Mathews has expressed his concern over the falling rubber prices, adding that this has made many smallholders feel uncomfortable. He said SRIB was very concerned about the current low price of…
Hartalega’s quarterly net profit up 70% to RM113 million
Malaysian glovemaker Hartalega’s net profit for the third quarter ended Dec 31, 2017 jumped 70% to RM113.02mil compared to the previous corresponding quarter, driven by higher sales and improvement in production capacity. The company said in a filing with Bursa…
Bridgestone launches an ethical guideline called the Global Sustainable Procurement Policy
Bridgestone Corporation, the world’s largest tyre and rubber company, today announced a new Global Sustainable Procurement Policy to help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry. The policy…
Goodyear cuts 2020 forecast as raw material costs rise
Goodyear Tire & Rubber Co recently cut its 2020 forecast for combined earnings of its three units amid higher prices for raw materials, overshadowing better-than-expected quarterly profit and revenue. About two-thirds of Goodyear’s raw materials are oil-based derivatives and the…
Malaysia’s rubber industry shone in 2017 with export up 30.2 % to RM32.3 billion – minister
Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong said recently that Malaysia’s natural rubber and rubber-based products were the ‘stars’ in 2017, with export up 30.2 % to RM32.3 billion. He said the other commodities, such as…