The Rubber Product Manufacturing industry offers a range of goods, including nontire rubber automotive parts, construction materials and office supplies. Industry growth was depressed during the global economic recession, with revenue declining 14.7% in 2009. Weakened demand for rubber product…
Category: Feature
Cooper posts record sales in 2012
The company has reported record sales for the fourth quarter and full year of 2012, with the fourth quarter net sales record of US$1.1 billion, an increase of 2%.
India’s rubber sector seeks cut on raw materials import duty
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.
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.
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.
Thailand is not renewing rubber-buying scheme
The Deputy Agriculture Minister, Yuthapong Charassathien stated that the scheme is no longer necessary since prices have reached the levels that are satisfactory for the farmers.
Global Bioenergies gets new funding of EUR1.17 million
The payment, which is part of the initiated partnership with Synthos, follows the EUR 1.5 million received for the successful completion of the first phase of the butadiene programme in December 2012.
JK Tyre to expand domestic tyre capacity
An investment proposal of Rs.160 crore for the expansion is given a green light from the company’s board.
Cooper tyre branding aims at young males
The company has rehashed its marketing strategy for Europe by increasing brand awareness amongst the male 18 to 35 age group, even launching its first ever targeted consumer lifestyle campaign via advertisements on FHM.
Toyo tyre sales rebound
Tyres for new vehicles have rebounded from decreased production after the earthquake disaster; production volume of domestic cars has increased.