The payment, which will be made in cash, is based on dry rubber content and the types of rubber produced.
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Rubber surplus in 2013
The excesses in output will be seen in Thailand, Malaysia, Indonesia, Vietnam and India.
Drought in India affects tyre sales
India’s tyre demand may dwindle as a result of an ongoing drought being experienced across the country, local tyre makers said.
Sumitomo in jv; progresses with Thai facility
SINGAPOREAN tyre and wheel distributor Stamford Tyres has set up a joint venture with Japan-based Sumitomo Rubber Asia, a subsidiary of Sumitomo Rubber Industries, to form Falken Tyre India (FTI). The S$12.3 million joint venture firm will supply Falken tyres…
Russian/Indian jv started up
A JOINT venture between Indian firm Reliance Industries and Russian petrochemical company Sibur has started its operations in Mumbai, India, focusing on constructing a 100,000-tonne/year butyl rubber facility in Jamnagar. Sibur owns 25.1% and Reliance 74.9% of the new business…
Thai govt has 15 days to resolve rubber price woe
SONGKHLA, Thailand – Rubber planters in Thailand’s southern provinces on Monday set a 15-day deadline for the government to resolve the declining price of rubber. The planters earlier rallied at the Provincial Administration Office in the southern province of Songkhla…
Three rubber producing countries move to boost rubber prices
THAILAND, Indonesia and Malaysia, representing about 70% of global natural-rubber supply, agreed steps to boost prices, said Yium Tavarolit, chief secretary of the International Rubber Consortium Ltd. The measured will be announced The measures will be announced by ministers tomorrow,…
Michelin revokes tyres
Michelin North America voluntarily recalled some 841,000 BFGoodrich and Uniroyal tyres produced at its Tuscaloosa and Woodburn plants
Gajah Tunggal to produce TBR tyres
INDONESIAN tyre maker PT Gajah Tunggal (GT) has acquired 100 ha of land for US$108 million to build a tyre proving ground (testing track) and to allow possible future expansion of its manufacturing facility. Located at a new industrial estate…
Hangzhong Zhonge joins ITMA
China’s largest tyre maker Hangzhong Zhonge has joined ITMA, weeks after the tire labeling policy was pitched