Sri Lanka, the world’s eighth largest natural rubber producing country and is currently the seventh largest rubber exporter, according to Sri Lanka Export Development Board (EDB), has been known for its high quality rubber products. Its rubber sector, which accounts…
Category: Industry News
Audi to double China production in five years
German luxury car manufacturer Audi AG recently announced that it targets to double its China production with local partner FAW within five years. Speaking at the Beijing auto show, Audi head Rupert Stadler said the firm would look to offer…
India’s rubber processing chemicals market grow at a CAGR of 7.5% by 2023
India’s rubber processing chemicals market is projected to grow at a CAGR of 7.5% by 2023 in India thanks to the growing tyre manufacturing base in the country. Strong growth in the country’s industrial and automotive sectors, coupled with declining raw…
Goodyear committed to sustainable natural rubber
The Goodyear Tire & Rubber Company has announced a new natural rubber procurement policy which it says reflects its strong commitment to the responsible sourcing of raw materials. The company believes the implementation and adherence to this policy will help…
RM46.45 million of dividends announced for 9,359 participants of Risda
Malaysia’s Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob announced dividends totalling RM46.45 million for 9,359 participants of the Rubber Industry Smallholders Development Authority (Risda) in Pahang. He said of the total, RM38.44 million was for Commercial Replanting…
Shares of Top Glove rise 3%
Shares of Top Glove Corp Bhdrose as much as 3% in early trade after it announced its bonus issue and US$300mil bond sale. The glovemaker, the second top gainer, rose 30 sen, ot 3% to RM10.30 in early trade. The…
Lonstroff receives EUR4.8 million from Slovenia to construct factory
The government of Slovenia has granted EUR4.8 million in financial incentives for the Swiss-based company Lonstroff to construct a factory. The factory will produce rubber parts for medical applications in central Slovenia. Lonstroff, a subsidiary of Japan’s Sumitomo Rubber Industries,…
Halcyon Agri buys four Indonesian factories
Halcyon Agri Corporation has purchased four Indonesian rubber factories for S$86.75 million. The deal came out of a memorandum of understanding in December between Halcyon Agri and vendors Liauw Chiang Sioe and Sjahrir Iskandar to buy the entire stake in…
China to slap temporary anti-dumping measures on synthetic rubber coming from US, Singapore and the European Union
China announced recently that it would impose temporary anti-dumping measures on synthetic rubber imported from the United States, the European Union and Singapore. The case could stoke the simmering tit-for-tat trade tiff between Beijing and Washington, with each side having…
Global polyisoprene rubber market to grow at a CAGR of 7.29% from 2018-2022
The global polyisoprene rubber market is forecast to grow at a CAGR of 7.29% from 2018-2022. One trend in the market is rising demand for biomass-derived IR. The use of bio-based feedstock in the production of synthetic rubber is one…