Rubber industry investors in Cambodia are calling on the government to revise rubber export taxes as they face falling natural rubber prices, decreasing demand, and global economic slowdown. Hean Mean Investment Co. chairman, Lim Heng, asks for consideration to bring…
Category: Industry News
ANRPC: Natural rubber demand outlook in 2016 remains weak
According to the July report of the Association of Natural Rubber Producing Countries (ANRPC), there is a weak possibility of natural rubber (NR) demand gaining strength in 2016 or 2017. The ANRPC accounts for 90% of the world’s NR supply.…
Firestone Liberia to dismiss 500 employees
Firestone Libera, an indirect subsidiary of Bridgestone Americas Inc., recently announced that it will cut its workforce at its Harbel facility by approximately 500 employees or roughly 7% of its regular workforce. This is a result of the company’s ongoing…
World’s first neoprene-free natural rubber wetsuits
California-based clothing company Patagonia launches the world’s first and only neoprene-free wetsuits that are made from natural rubber sources that are Forest Stewardship Council certified by the Rainforest Alliance. The company entered the natural rubber industry in 2014 and this…
Indian tyre-makers looking to increase rubber imports
Tyre-makers in India may raise their natural rubber imports to take advantage of the global fall in prices and to counter the supply crunch at home. Natural rubber production in India fell to its lowest in a decade last year…
Kal Tire expands tyre service operations in Australia
Kal Tire, a Canadian company that provides mining tyre management and supply, has acquired the tyre services business of Klinge and Company in Australia. The company has been operating in Australia for about six years and it has been Kal…
Sri Lanka’s rubber R&D needs more support from local government
Sri Lanka’s Minister of Plantation Industries, NavinDissnayake, said that the government is giving the research and development sector a ‘step motherly’ treatment and it should be corrected soon. Speaking at the annual general meeting of the Sri Lanka Rubber Traders…
Continental considering Thailand as new tyre plant site
German tyremaker Continental is planning to build a new tyre plant in Asia as all of its existing plants in China, India and Malaysia have reached full production capacity. According to Sirivan Koo-amphorn, general manager of Continental Tires Thailand, the…
Cost-saving natural rubber lining developed for mining industry
A natural rubber lining designed for mining called EnduraflexVE210TN has been recently released by Blair Rubber Co., the world’s leading supplier of high performance, corrosion-resistant rubber linings. The company understands the demands of the mining industry, and know that mine…
Kesoram to invest Rs6 bn towards tyre, cement business
Kesoram Industries Limited, under the B K Birla Group of Companies, plans to invest Rs6 billion during the current fiscal year into the tyre business and to acquire mining land. “We are planning to invest Rs 600 crore in 2016-17.…