Thailand, Indonesia and Malaysia, the rubber-producing countries which make up the International Tripartite Rubber Council (ITRC), could soon be implementing another round of the Agreed Export Tonnage Scheme (AETS) to steady market price of natural rubber (NR) and address unforeseen…
Category: Industry News
Pakistani/Chinese jv to set up tyre plant in Pakistan
Pakistan’s Service Industries Ltd. and China’s Chaoyang Long March Tyre Co. Ltd. have set up a joint venture in Pakistan for the construction of a radial truck/bus tyre plant. Service Industries has a 51% stake in the joint venture. Located…
GRI acquires Aussie forklift tyre company
Sri Lankan tyre maker GRI has acquired Australian industrial tyre specialist Axis Tyres. The acquisition is focused on the forklift segment of Axis Industrial Tyres Pty Ltd and includes the four branches of Axis in Altona and Braeside in Melbourne, the…
India to close down non-compliant pyrolysis units in Bihar, Tamil Nadu, etc.
India’s central pollution authority has ordered the shutdown of nearly 270 tyre pyrolysis plants in 19 States across the country on the grounds of “disregarding environmental norms and causing high levels of pollution.” These include notices to the state pollution…
Myanmar to ban rubber seed imports to protect against fungal outbreak
Myanmar will ban the import of rubber seeds, seedlings and saplings from Thailand, where rubber plantations have been ravaged by the Pestalotiopsis fungal outbreak, as well as such imports from other countries, as it moves to protect its precious rubber…
IRSG calls for papers on rubber-related research
Singapore-based International Rubber Study Group (IRSG) has launched #IRSGforResearch, a call for papers for rubber-related economic research. All submissions should be sent to IRSGforResearch@rubberstudy.comnot later than 20 February 2020, it said. The aim of the award is to promote high-quality…
Toyoda Gosei to restructure operations shares in German production subsidiary
Japan’s Toyoda Gosei Co. (Toyoda Gosei) is to transfer ownership of Toyoda Gosei Meteor (TGM), based in Bockenem, Germany, to Munich-based AEQPH, which recently changed its name from Scur-Alpha 1123. The sale is part of a global restructuring plan at…
ATMA, Indian Oil to push nationwide tyre safety programme; pilot exercise started in South
India’s Automotive Tyre Manufacturers Association (ATMA) has recently partnered with energy major Indian Oil (IOCL) to raise the awareness amongst motorists about tyre safety. Indian Tyre Technical Advisory Committee (ITTAC) will lead the nationwide initiative as ATMA-IOCL runs through a…
Hainan Rubber to invest US$300mn into two rubber trade zones in Sri Lanka
Chinese company Hainan Rubber Industry Group (Hainan Rubber) will collaborate with Sri Lanka’s Plantation Industries Ministry to set up specialised rubber-based free trade zones in 2020 in Sri Lanka’s Kegalle and Kalutara districts. Hainan Rubber expects to purchase a significant…
Faurecia and Michelin formalise EUR140 mn hydrogen mobility jv
French tyre maker Michelin and automotive technology company Faurecia have formalised the creation of Symbio, a joint venture combining all their hydrogen fuel cell dedicated activities, with the aim of becoming a world leader in hydrogen mobility. Built around a…