Rana Motors, an automobile firm in the country, has gone to the aid of rubber growers by providing them with various financial packages to acquire trucks for carting their produce. Under the package, a farmer pays 20 per cent of…
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Indag Rubber sales declined
Net profit of Indag Rubber declined 3.21% to Rs 6.34 crore in the quarter ended March 2014 as against Rs 6.55 crore during the previous quarter ended March 2013. Sales declined 0.50% to Rs 55.64 crore in the quarter ended…
Top Glove founder motivates Malaysian rubber glove makers
Malaysia may be home to the world’s top two glove makers, but Top Glove Corp Bhd founder and chairman Tan Sri Lim Wee Chai (pix) has cautioned against taking its position for granted. Malaysia is the world’s largest producing country…
European tyre market set to inflate
The state of various European economies varies significantly, there are signs that the tyre markets are picking up and – if some of the large tyre makers’ recent financial reports are anything to go by – premium tyre sales are…
Pirelli announces progress with 2015 experimental tyres
Pirelli has confirmed it made ‘useful progress’ in the Bahrain tests this week after accumulating over 100 laps of testing with experimental tyres for next season. Overall eight new constructions and six new compounds were tested during the two days,…
Porsche Macan gets Continental tyres
Porsche places its trust in Continental tyres for its new compact SUV Macan. To this end, the manufacturer of sports cars has now approved both 18″ and 21″ summer tyres…
GAIL to build PBR rubber plant
Public sector unit GAIL (India) is gearing up to spend about R2,600 crore to set up a poly butadiene rubber (PBR) plant in Gujarat. Currently, Mukesh Ambani-promoted RIL is the only producer of this rubber — highly elastic and stress-resistant…
Rubber farmers in Ghana to form groups to gain support
The Minister of Food and Agriculture (MoFA), Mr. Clement Kofi Humado, on Saturday entreated rubber farmers in the country to form farm groups in order to access technological support to enhance production. He said Ghana has a high potential of…
Indian rubber market stays neutral
Spot rubber finished unchanged on Saturday. The week-end session was almost inactive and the market remained neutral amidst scattered transactions. Sheet rubber was quoted steady at Rs.145.00 a kg by traders and the Rubber Board. The grade finished flat at…
Egypt’s Ministry of Industry to retread old tyres
The Ministry of Industry and Foreign Trade will start refurbishing and reusing heavy truck tyres, Minister Mounir Fakhry Abdel Nour announced Wednesday in an official statement. The project, a joint effort of the Industry Council for Technology and Innovation, the…