The payment from the government to rubber smallholders and rubber tappers should not be considered as compensation but special assistance. It was to help them tide over the current slump in the market price of the commodity, Rural and Regional…
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Two Nexen tyres gains German iF Design award
A milestone achievement has been made by Nexen Tire in terms of design and performance. Both Nexen N’FERA SUI UHP tyre and N9000 tyre have become winners at the 2014 German iF Design Awards. The first award for N9000 product…
TVS Tyres plans to increase manufacturing capacity
Sailing with the growth momentum two-wheeler industry witnessed during last year, the tyre maker, TVS Tyres plans to increase its manufacturing capacity by 12% or 2,00,000 tyres per month this fiscal. The company currently produces 1.7 million tyres per month.…
Conti introduces limited-edition passenger car and bus tyres
To celebrate the 2014 FIFA World Cup™ in Brazil, the official sponsor Continental has added three limited-edition passenger car and bus tyres to its product portfolio. The special design on the side walls of the ContiPowerContact and ContiMaxContact MC 5…
Renovation of Trostel Ltd.’s US facility increases pre-production development
A year-long renovation to rubber molder and compounder Trostel Ltd.’s headquarters has positioned the company to offer a more advanced set of manufacturing capabilities to its customers. The transformation has evolved the legacy manufacturer’s facility into a modern, sophisticated operation…
IISRP head warns of synthetic rubber production overcapacity
Production overcapacity, always an important issue for the global synthetic rubber (SR) industry, will continue to accelerate in the coming years. That’s the assessment of Roxanna B. Petrovic, head of the statistical program at the International Institute of Synthetic Rubber…
Wokha district in India starts prospecting for rubber
While the huge reserve of “black gold” (petroleum) in Wokha district remains untapped due to differences between the state government and land owners, people of this district have already started prospecting for “”white gold” or rubber. And the rush for…
Indian market regulator imposes fine on Apollo due to non-compliance
Market regulator Sebi today imposed a fine of Rs 1.03 crore on Apollo TyresBSE -3.80 % for allegedly failing to comply with buyback regulations. The regulator, in its order, has imposed “a consolidated penalty of Rs 1.03 crore on Apollo…
Japan provides technology to produce high-quality rubber
Japan is providing state of the art technology to process raw rubber and boost local production in a bid to find a new supply for its tyre manufacturing industry. According to an MoU between the Myanmar Rubber Planters and Producers…
Vietnam Ministry of Finance plans to cut rubber export tax to zero
Vietnam Briefing reports, “In an effort to help Vietnamese companies compete in the world market, the Ministry of Finance is considering cutting the rubber export tax to zero from the current rate of one percent. On November 11, 2013, Vietnam’s…