Malaysia will be conducting a massive replanting exercise for rubber trees in order to keep up with the growing global demand for rubber wood-based furniture, worth around RM10 billion. Announcing the revival of the Malaysian rubber industry, Plantation Industries and…
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AIRIA, ICC to hold national rubber conference, ICEP next year
The Indian Chamber of Commerce (ICC) and the All India Rubber Industries Association (AIRIA) will be holding the National Rubber Conference – 2017 along with the International Conference and Exhibition on Polymers (ICEP) at Guwahati from February 23 to 25,…
Cooper Tire, partners complete five-year US$6.9 mn guayule rubber grant
The five-year, US$6.9-million Biomass Research and Development Initiative (BRDI) grant, “Securing the Future of Natural Rubber—an American Tire and Bioenergy Platform from Guayule”, awarded to Cooper Tire & Rubber Company and its consortium partners, including Clemson University, Cornell University, PanAridus…
Myanmar exports 40,000 tonnes of rubber from April to July FY17
Between April 1 to July 28 this fiscal year, Myanmar has exported 10,000 tonnes of rubber via sea route and more than 30,000 tonnes via border trade. This year Myanmar is exporting rubber to six countries, with most of the…
Hankook Tire, two other South Korean tyre firms hit by high rubber prices
South Korea’s largest and the world’s seventh-largest tyre manufacturer, Hankook Tire Co., as well as two other local tyre makers took a hit in the second quarter of 2017 due to higher raw material prices and poor sales of Korean…
The Philippines to invest over Php7.5 mn in rubber clones to up production
The Philippines’ Department of Agriculture (DA) is investing Php7.5 million (approximately more than US$148,000) for the testing of rubber clones from other countries as part of its efforts to increase annual production to three metric tonnes (MT). Philippine Rubber Research…
AkzoNobel, Itaconix bio-based polymer project collaboration
The Specialty Chemicals business of Dutch multinational company AkzoNobel and specialty polymers company Itaconix have finalised a collaboration agreement for the development of bio-based polymers. Announced earlier this year, the joint development agreement involves AkzoNobel’s Performance Additives unit developing applications…
Firestone to stop rubber purchasing for 2 weeks due to oversupply
Firestone Natural Rubber Company, LLC, a subsidiary of American tyre and rubber company Firestone, is suspending rubber purchasing for two weeks from August 10 to August 24 “due to the current extreme oversupply of our rubber inventory”. Firestone Natural Rubber Company,…
India’s domestic NR consumption rises as demand from tyre sector grows
Local consumption of natural rubber (NR) in India has increased from 994,415 tonnes in 2015-16 to 1,044,075 tonnes in 2016-17 due to the growing demand for the commodity from the country’s tyre sector. The country produced 691,000 tonnes (provisional) of…
Business matching event in Thailand sold over 300,000 tonnes of rubber
A business matching event held by Thailand’s Commerce Ministry to help boost the demand for rubber has sold more than 300,000 tonnes of the commodity, with more orders expected to follow soon. Commerce Minister Apiradi Tantraporn said yesterday’s event gathered…