Yaroslavl Tyre Plant OJSC Concludes one-year loan agreement with Kordiant for up to 1 billion roubles ($17.7 million) at no more than 25 pct per annum.
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Indian tyre makers to help local farmers offload stock
Around 17 tire companies in India have agreed to buy raw rubber from within India at international prices plus the prevalent import duty to help farmers offload their stock and continue tapping. Rubber prices in India have been on a…
Thai Prime Minister to establish central rubber market
The Prime Minister of Thailand has ordered the establishment of a central rubber market within January 2015 while addressing other agendas in the cabinet’s meeting, said a spokesman. According to the Deputy Spokesman of the Prime Minister’s Office Maj. Gen.…
Dubai Sustainable City contract awarded to RWI
Rubber World Industries (RWI) will supply more than AED2.4mn-worth of building materials to Dubai’s new Sustainable City. The closed-cell rubber insulation manufacturer was awarded the contract by Diamond Developers for the AED1.1bn project in Dubailand. The development will be composed…
Zimbabwe reports downturn in NTS tyre units
National Tyre Services (NTS) has recorded a decline in units of new tyres during the year ended September 20 2014 due to the decline in consumer demand. In a statement accompanying the group’s results, NTS said the liquidity constraints, declining…
Michelin Air X tyres fitted to new Airbus A350-900 aircraft
Michelin Aircraft tyre has announced that its tyres were fitted for the first flight of the new Airbus A350-900 aircraft. And Airbus has delivered the first A350 XWB to Qatar Airways equipped with Michelin Air X tyres, featuring “Radial NZG…
Kumho obtains approval to resume Georgia rubber plant construction
Kumho Tires (CEO Kim Chang-kyu) obtained approval from its creditors to resume the construction process of its manufacturing plant in Macon, Georgia. The company is planning to invest US$413 million in the facilities to create an annual production capacity of…
Increase in rubber prices expected due to flooding in Malaysia and Thailand
Bloomberg reports, “Palm oil and rubber advanced as flooding in Malaysia and Thailand disrupted supplies from Southeast Asia, and forecasters said that further heavy rain over the next few days will probably exacerbate the situation. Palm oil for March delivery…
Vietnam rubber giant inaugurates rubber facility in Cambodia
Vietnam Rubber Group has inaugurated its first latex processing plant in Cambodia, according to Vietnamese media reports. The plant, which cost $5.2 million after two years of construction, was reportedly inaugurated in Ratanikkiri’s O’Yadav district on December 23 in a…
Thai gov’t requested to utilize local rubber in road construction
The government should draw up an alternative strategy to ensure sustainable growth in the rubber industry by establishing a downstream industry instead of relying solely on exports, which has caused farmers to suffer from price swings and manipulation, a seminar…