The prevailing international price of NR is at Rs160/kg, whilst the import duty is at Rs20 or about 12.5%, which is higher than the 10% import duty for finished products.
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4G equipped GM cars to hit the road in 2014
MICHIGAN-headquartered GM has announced that it is equipping most of vehicles with 4G LTE connectivity by 2014, via a tie-up with AT&T. The faster in-car technology, pegged to be 10 times faster than the current 3G systems, will be fitted…
GM Motors to boost automotive recycling in southeastern US
The Suppliers’ Partnership for the Environment Southern Network project is launched to also increase the number of non-landfill facilities from 104 to 125 by 2020, through exchange of best practice in recycling and reuse.
Semperit introduces energy-saving conveyor belts
THE Semperit Group has launched a new energy-saving conveyor belt developed by its unit, Sempertrans. The product is characterised by a new rubber compound, featuring reduced frictional drag. System operators can save up to 25% of the energy typically used…
Loss of THB1 billion from abandoned raw rubber
An estimated 10,000 tonnes of rubber were found decaying in warehouses located in three northeastern provinces, under the government’s buying scheme to stabilise rubber prices across Thailand.
India: an emerging automotive hub and a growth centre for rubber
WITH a CAGR of over 15% during the last five to seven years, the automotive sector is aptly described as the next sunrise sector of the Indian economy. Thus, the country’s growing rubber industry and its contribution to the transportation…
Bridgestone’s Shenyang plant to build a new manufacturing facility
Bridgestone Corporation’s subsidiary in China, Bridgestone (Shenyang) Tire Co., Ltd. (Shenyang Plant), will build a new manufacturing facility as part of its relocation project and is expected to be operational in 2014. The Shenyang Plant, currently located in Shenyang City…
Reliance Sibur builds butyl rubber plant in India
RELIANCE Sibur Elastomers Pvt Ltd, a joint venture between Mumbai-headquartered Reliance Industries Ltd and Russian gas processing and petrochemicals company Sibur has commenced construction of its butyl rubber plant in Jamnagar, which is expected to come on stream by 2015…
Meeting the world’s need for liquid gold through old tyres
Analysts say that escalating oil prices are a prelude to oil shortages. It is for this reason that the industry is seeking ways of deriving oil from varied, even unlikely, ways like tyre pyrolysis.
Production kicks off at Hankook’s Chongqing plant
Hankook Tire’s plant located in Chongqing Municipality Liangjiang District Yuzui industrial park has been officially put into operation after several months of trial production. The US$954 million-worth plant, covering an area of 796 acres, will be producing tyres for passenger…