Green Rubber Global has entered into an agreement to purchase machinery from YMS Process Engineering Pte Ltd in order to strengthen its patented DeLink elastomer recycling facility. The subsidiary of Petra Group signed the agreement which amounted to US$8.3mil (RM325.86mil).…
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Tesla shares fall 6 %
Car maker Tesla Motors Inc saw its share tumble down by nearly 6% on Wednesday. Due to this, they have announced that they will be raising cash as production increases. A recently negotiated credit line can be extended from US$500…
GM to overhaul plant for US$877 million
US$877 million will spent AS General Motors Co overhaul is plant in Flint, Michigan. In the past, GM and its domestic rivals would shut down production for weeks to retool for new models, stockpiling vehicles in advance and then discounting…
Natural rubber imports in India during July drops 15 %
The imports of natural rubber in India fell to 36,828 tonnes from a year earlier. India imports natural rubber from Vietnam, Malaysia, Thailand and Indonesia. In July, tyre makers trimmed imports expecting a further fall in rubber prices, said a…
Rs.300 crore earmarked for rubber procurement
Rs.300 crore has been set aside for the procurement of rubber for this season. The State Cabinet also decided to relax the norms for farmers wanting to join the scheme, but did not have the valid documents such as title…
Czech Republic’s Winter Tyre Market 2015-2019
Forecasts and analysis of the market have been done in terms of volume. The market size is calculated on the basis of the unit sales of winter tires in Czech Republic. The winter tire market in Belgium is expected to…
Kerala to rubberise all roads
Kerala has put a proposal to rubberise all roads in the State, in order to curtail the downward spiral in rubber prices and to jolt domestic demand. There are 32,000 kms of road under the control of PWD in the…
Hyundai slashes price of SUVs
Due to the sluggish market in China, Hyundai Motor has slashed the price of its two SUV’s by nearly 12 %. The South Korean automaker’s shipments in China fell 14 percent in the second quarter, leading it to pledge further…
Toyota hampered by slow growth in China
Toyota Motor Corp is facing slow growth in China. It has been forced to cut prices in order to remain competitive. China auto sales fell each month in the quarter as economic growth crawls at its slowest pace in 25…
10 % profit for Hartalega
Malaysia’s largest glove-market has reported a 10 % increase in profit up to RM 62.7 million for its first quarter which ended in June. The increase was propelled by a weaker Ringgit and cheaper raw materials, Sales volume jumped 15.4%…