In 2018, world production of natural rubber (NR) accounted for 13.960 million tonnes, an increase of 4.6% from 13.350 million tonnes on a year-to-year basis, says the Association of Natural Rubber Producing Countries (ANRPC) in its latest report for December…
Category: Industry News
Acquisition forms North American distribution platform for industrial, rubber products
Mid-America Fittings (MAF), a manufacturer of customised, high quality, industrial fittings and valves in Kansas has been acquired by Chicago-headquartered middle market private equity investment firm, Wynnchurch Capital. With the takeover, MAF will become part of a growing distribution platform…
Philippine province latches on new technology to boost production
The Philippine province of North Cotabato, the country’s second largest rubber producer after Zamboanga Sibugay, is introducing a new technology to the local farmers to boost yield and ensure early maturity of rubber crops. Under the Serbisyong Totoo Rubber Development…
Indonesia’s APK seeks institutionalised mechanism for NR importation
Indonesian planter’s body, Association of Planters of Kerala (APK) expressed their concern over uncontrolled imports of natural rubber (NR). PK suggested that an institutionalised mechanism must be made to regulate shipments to protect local farmers. APK said that the draft…
India unfurls national policy draft for NR stakeholders
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,…
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…