GLOVE makers are continuing to ramp up production of nitrile gloves as they compete for market share in the high-margin product in order to satisfy European demand and offset the recent hike in energy prices. The “big four” glove makers…
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SGX proposes changes to benchmark SICOM Rubber
Singapore Exchange (SGX) celebrates the 20th Anniversary of its global benchmark SICOM Rubber Futures this year, on the back of multiple records achieved in 2013. From production to trading, rubber had its roots firmly planted within Singapore from the early…
New Continental Tire plant in Sumter, South Carolina now officially open
Continental Tire the Americas, LLC (CTA) today celebrated the grand opening of its all-new plant in Sumter, South Carolina. The ceremony marked the completion of the construction process and the beginning of tyre manufacturing. The tyres produced at the Sumter…
Rubber futures slip into bear market as China’s inventory rises
Rubber futures in Tokyo fell into a bear market as stockpiles in China swelled to a nine-year high, signaling weakening demand from the largest consumer of the commodity used in tires. Rubber for delivery in June on the Tokyo Commodity…
Hankook Tire’s operating profit up 14.6 pct in Q4
Hankook Tire Co., South Korea’s leading tyre maker, said Tuesday its fourth-quarter operating profit moved up 14.6 percent from a year earlier, helped by growth in sales of high-value added products. Operating profit, a key indicator of business performance, came…
Bridgestone’s Innovative ‘Large and Narrow’ EP500 Tyre Fits on BMW i3
BMW’s newest i3, with its Li-ion battery offering an 80 to 100 mile range, is ideally suitable for urban driving, says BMW’s UK division. The car maker says that every feature and every…
Continental embarks on TPMS function production – Further development on the cards
The leading tyre maker, Continental Tyres, has declared that it has begun series production of a novel feature – ‘Filling Assistant’ – pertaining to its TPMS system. This new feature will ensure that tyres run only on correct pressure always,…
‘Smart rubber’ to be produced in Kazakhstan
The first recycling plant for used tyres has been opened in Kyzylorda city in southern Kazakhstan on January 27, 2014, Tengrinews reports citing the press-service of the Oblast Akimat (Regional Authorities). Tyres will be recycled into ‘smart rubber’ in the…
Rubber glove shares rise on bird flu, weaker ringgit
Shares of Malaysian rubber glove manufacturers rose as much as 3% on news of bird flu outbreaks in China and South Korea. Stocks like Supermax Corp Bhd, Kossan Rubber Industries Bhd and Hartalega Holdings Bhd have also gained as the…
Kerala mulls rubber procurement
Kerala plans to procure rubber from the open market to meet the demand from its production units, Chief Minister Oommen Chandy informed the state assembly Tuesday. Responding to a calling attention motion, Chandy told the assembly that fall in rubber…