In a bid to boost prices of natural rubber, farmers are holding back their supplies , which has adversely caused rubber futures to dip and tyre makers scout overseas for their rubber requirements to avoid surging local prices.
Category: Feature
Competition watchdog to penalise tyre makers in cartel
The Competition Commission of India (CCI) will be imposing stiff penalty to tyre manufacturers involved in cartel and will be charging thrice the profit of the ‘erring’ company.
US, China to boost natural rubber production
Opportunities for production and growth in demand for natural rubber are encouraging in view of the improvement in the economic indicators of the US, China, Japan and Europe.
Tyre labeling in EU encourages materials innovation
The the new tyre labeling will affect not only the European market but also the entire global tyre industry, says Lanxess’s Dave Hardy
Malaysian rubber prices expected to remain strong
This extended strong performance is partly brought about by Malaysia as well as Indonesia’s moves to reduce production.
Muffed duty structure hits Indian rubber sector
The duty on input rubber is higher than on tyre and non-tyre rubber products, making it cheaper to import finished products than raw materials.
More tax incentives for gloves sector in the 2013 Budget – Margma
The Malaysian Rubber Glove Manufacturers Association looks forward to seeing more tax incentives including reinvestment allowance and pioneer status for the rubber glove industry in the 2013 Budget.
Synthetic tyre regulations encourage green support
The new regulations in tyre production of some countries that uses synthetic rubber encourages the use of eco-friendly tyres.
Lanxess discloses goal by one year
The German specialty chemicals company Lanxess has announced its mid-term goal to achieve its target earning by one year.
Lanxess jumpstarts the world’s largest Nd-PBR plant in SG
Speciality chemicals firm Lanxess has recently broken ground for its 140,000 tonnes per annum Nd-PBR facility worth EUR 200 million (S$ 317 million) on Jurong Island in Singapore