The Malaysian government has imposed a moratorium on the Malaysian Rubber Board (MRB) in regards to its property and real estate development activities. Primary Industries Minister Teresa Kok announced the news in an interview session in Putrajaya recently. In the…
Category: Industry News
Malaysian government to allocate RM42 mn for rubber smallholders
The Malaysian Finance Ministry, after being alerted by the Sabah Government and the Sabah Rubber Industry Board (LIGS), has announced a welfare aid totaling RM42 million for rubber smallholders in Sabah following the monsoon season. The sum will be distributed…
Cambodian rubber exports increase despite declining global prices
The Cambodian General Directorate of Rubber under the Ministry of Agriculture, Forestry and Fisheries reported a 23% increase in rubber exports with an average price of US$1,279 per tonne for the first quarter of 2019–about US$61 million in revenue. The…
Oqema acquires chemical distributor EVS
German chemical distribution company Oqema Group has acquired Italian chemical firm Elettrochimica Valle Staffora (EVS). EVS’s business line covers the full organic and inorganic product ranges in the following business lines: industrial, food, pharmaceuticals and cosmetics, water treatment, and rubber…
Global automotive tyre market to be valued at $645bn by 2027
The global automotive tyre market expects an overall robust growth rate during the forecast period with a CAGR of 6.3% and will have an anticipated value of about US$645 billion by end-2027. Passenger vehicles are expected to lead the global…
Retread tyres market sales projected to increase by US$9 mn
The global retread tyres market value is expected to increase by a CAGR of 4.6% during the 2018-2028 forecast period as reported by Future Market Insights (FMI) – the global sales of retread tyres are estimated to be valued at…
Continental to add production to its South Carolina plant
Continental Tire the Americas is expanding its Sumter, US plant to accommodate production of the ContiSeal puncture-sealing and ContiSilent noise-absorbing passenger tyre lines. As Continental produces the ContiSeal and ContiSilent tyre lines at two plants in Europe, the US production…
NR output falls by 10% in January; but demand picks up
The world production of natural rubber (NR) experienced a fall at 10.1%, amounting to 1.080 million tonnes in January 2019 on a year-to-year basis, says the latest report from the Malaysia-basedAssociation of Natural Rubber Producing Countries (ANRPC). It says that this…
Sumitomo Rubber tyre plant begins operations in Brazil
Following a three-year factory expansion project worth USD$133 million, Sumitomo Rubber Industries (SRI) has started production of commercial truck and bus tyres in Fazenda, Brazil; the installation of new production equipment will augment the production capacity from 500 to 1,000…
Tyre materials market to grow by USD$100 bn by 2028
The global tyre materials market has been envisaged by Future Market Insights (FMI) to approach the valuation of USD$100 billion by 2028, after an analysis that offers decisive insights pertaining to the related market and extensive information through organized market…