Prime Minister General Prayuth Chan-ocha yesterday claimed success in curbing a planned protest by rubber farmers in the South, after pledging to raise the minimum price of the commodity to Bt50 per kilogram, which is the current global rate. Prayuth…
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Kumho reports income growth in second quarter
Kumho Tire Co. posted net profit of 52.6 billion won on net sales of 895 billion won for the second quarter ended June 30, 2014. That compares to income of 50.8 billion won on sales of 1 trillion won for…
Goodyear expands premium mixed-service truck tyre range
The Goodyear Tire & Rubber Co. has broadened its line of premium mixed-service truck tires with the addition of a new size for its G741 MSD extreme traction drive tire. Following the introduction of its G731 MSA and G751 MSA…
Polymax Elastomer inaugurates North American production facility
Chinese materials maker Polymax Elastomer Technology Co. Ltd. has opened a North American production site and headquarters in Waukegan, Ill. The Chicago-area location will provide additional resources for manufacturing, distribution, research and development and technical sale and service, officials said…
Kerala gov’t sought Modi’s help to resolve rubber growers crisis
The Kerala government asked the Centre to hike the import duty on rubber and restrict its import with a view to extend relief to growers in the state who are facing crisis due to sharp fall in prices. In a…
Bridgestone embarks rubber production in the US
Nearly all the world’s natural rubber comes from Hevea brasiliensis, immortalized by Cole Porter as the rubber tree plant. Relying on one plant for this critical raw material makes many companies nervous—especially tire companies, which account for nearly 60 percent…
Phil private investor to build rubber processing facility in region 2
A private investor and advocate of rubber tree farming in region 2 envisioned to have more latex production to be able to establish a processing plant in the region. Frederick Yang, proprietor of the Mabuhay Integrated Farm and owner of…
Nokian plans to regulate production output to meet market situation
Nokian Tyres will start statutory negotiations on 25 September 2014 at its Nokia car tyre production plant to adjust the production to meet the market situation. With the negotiations the company aims to adjust the utilization of the production capacity…
Apollo conducts business rescue in South Africa
Apollo Tyres has decided to undergo business rescue proceedings in South Africa due to labor unrest, related issues and an uncompetitive cost structure, the tiremaker said. “Apollo Tyres Africa Ltd. has voluntarily initiated the business rescue proceedings, and has appointed…
China and Malaysia intensifies rubber research to increase production
Malaysia will increase its collaborative efforts with China in rubber research and technology as part of the overall strategy to market more rubber products, said Minister of Plantation Industries and Commodities Datuk Amar Douglas Uggah Embas. Speaking at a seminar…