Malaysia’s exports of rubber products reached RM21.7 billion in 2017, compared to RM18.2 billion in 2016. This is an increase of 19.2 %. The Malaysian Rubber Export Promotion Council (MREPC) said the stellar growth was despite the strengthening ringgit against…
Category: Industry News
Halcyon Agri buys crumb factory in Bintan, Indonesia
Natural rubber company Halcyon Agri has bought a factory in Bintan, Indonesia. The group had announced last year that its Indonesian subsidiary PT Hok Tong had entered into a conditional share sale-and-purchase agreement with Global Key Holdings Limited (GKHL) and…
Bridgestone unveiled as the tyre-supplier of the new 2019 Jeep Cherokee
Bridgestone Americas, Inc. (Bridgestone) has announced that both of itsBridgestone and Firestone tyre portfolios are the original equipment of the new 2019 Jeep Cherokee. “We are pleased to have tyres from both of our industry-leading brands selected as original equipment on…
The global styrene butadiene rubber market to see moderate growth at 4.3% CAGR during 2017-2026
The global styrene butadiene rubber market is expected to see moderate growth at 4.3% CAGR during the forecast period of 2017-2026. This is due to the increasing sales of automobiles which spurs the use of synthetic rubbers such as styrene…
Trinseo launches new pilot plant and solution-styrene-butadiene rubber (S-SBR) capacity expansion in Germany
Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, recently launched its new pilot plant and solution-styrene-butadiene rubber (S-SBR) capacity expansion at Schkopau, Germany. Business leaders and dignitaries, including Dr. Reiner Haseloff, Minister-President of…
TFEX to sign MoU to enhance the trading liquidity of ribbed smoked sheet (RSS3) futures
The Thailand Futures Exchange (TFEX) is expected to sign a memorandum of understanding (MoU) soon involving three domestic rubber producers and five securities companies. The MoU is to enhance trading liquidity of ribbed smoked sheet (RSS3) futures. The three major…
ANRPC expects 2.8% growth for natural rubber in 2018
According to the Malaysia-headquartered Association of Natural Rubber Producing Countries (ANRPC), the global outlook of NR (natural rubber) supply is anticipated at 13.784 million tonnes in 2018, up 4.5% from 13.196 million tonnes recorded in 2017. The slower production growth in…
Continental invests in modern technologies in Mexico for various industries
Mexico is one of the key production sites for the automotive industry and supply sector worldwide. Its ideal underlying operating conditions, such as the proximity to the North American market and the availability of skilled labor make the country so…
US$ 95 million sustainability bond issued to finance sustainable natural rubber plantation in Indonesia
The Tropical Landscapes Finance Facility (TLFF), a partnership between UN Environment, World Agroforestry Centre, ADM Capital and BNP Paribas, today announced its inaugural transaction, a landmark US$ 95 million Sustainability Bond to help finance a sustainable natural rubber plantation on heavily degraded…
Global airless tyres market may see double-digit growth from 2017 to 2025
The global airless tyres market is estimated to register double digit growth over the forecast period 2017 to 2025. The overall airless tyres is expected to be majorly driven due to their immense advantages over conventional pneumatic tyres. Eliminating air…