A draft for a National Rubber policy has been written by the Ministry of Commerce & Industry to address the needs of all stakeholders and promote national economic progress. The policy will oversee manufacturing of tyres, NR production and processing,…
Category: Industry News
Indonesian government to aid rubber growers with subsidy
Rubber growers will receive subsidy from the Indonesian government this March 2019, as per President Joko Widodo’s directives, according to Governor Herman Deru of South Sumatra. The subsidy aims to help the rubber growers to improve the quality and price…
Vietnam anticipates vigorous rubber production in 2019
Vietnam’s rubber industry welcomes 2019 with a robust sales of US$220 million from 175,000 tonnes of rubber shipping. Rubber exports of Vietnam made a 10.8% increase in value and 28.9% increase in volume compared last year. Further growth is expected…
Sri Tang to acquire Thai glove plant; eyes production increase
Thailand’s rubber firm Sri Trang Agro-Industry will acquire a glove factory in Thailand this year. In addition to the two new factories which will be completed by 2020, Sri Tang plans to acquire the factory to increase its medical gloves…
SBR market to witness upsurge of sales by 2026 – study
Styrene butadiene rubber (SBR) is expected to have a healthy compound annual growth rate (CAGR) of 4.3% by the end of 2026, according to report. The Future Market Insights forecast that SBR will have a sales increase of US$ 8.2…
SoKor rolls out high-tech tyres to catch up with car market
Korean tyre manufacturers are catching up with the fast-changing car market by developing innovative and high-tech tyre products. Currently, Kumho Tire is developing plastic tyres which will not become flat. The futuristic tyres are made up of special plastic materials which will…
Cambodia faces revenue losses even with higher rubber exports
Cambodia lost 4% year-on-year from dry rubber exports despite an increase in shipments. The Khmer nation reportedly increased 15% of exportation of dry rubber amounting to 217,500 tonnes, However, because the price of the commodity fell to US$1,319 per tonne…
China synthetic rubber leaps in bounds in 2023 – report
China’s synthetic rubber sees growth in 2023, according to an industry report. The Global and China Synthetic Rubber (BR, SBR, EPR, IIR, NBR, Butadiene, Styrene, Rubber Additive) Industry Report, 2018-2023 said that a growth rate of around 6% for synthetic…
GPSNR paves way for sustainable NR platform
More than 50 natural rubber stakeholders met in Singapore for a workshop featuring founding members of the Global Platform for Sustainable Natural Rubber (GPSNR), an independent platform to improve the natural rubber value chain, to align the organisation to a…
Kerala’s Rubber Industrial Park to aid farmers vs rubber price “crisis”
A first-of-its-kind Industrial park for rubber products manufacturer will be set up in Kerala, India. During the presentation of 2019-2020 state budget, Finance Minister Thomas Isaac announced that the Kerala Government plans to set up an integrated park for rubber…