The price of rubber declined to Rs 110/kg and the rubber growers are incurring loses just to produce the product. The production cost is Rs 140/kg, so growers are losing money rather than gaining it. If the prices keep going…
Category: Industry News
Sempermed to open new glove factory in Malaysia next year
Sempermed, a subsidiary of the Semperit Group, invested EUR50mn to build a new glove factory in their Kamunting plant in Malaysia. This is the largest investment the Semperit group has ever made. Construction has been ongoing since 2014, and Sempermed…
Valley Launches Airless Irrigation Tyres
Tyre company Valley introduces an airless tyre specifically-made for farm vehicles—the Valley Revolution. The Valley Revolution is designed to avoid having flat tyres and changing them in muddy cornfields. The tyre has an aperture style, the same style on forklifts.…
Freudenberg-NOK offers globally compatible materials
Freudenberg-NOK Sealing Technologies offers sealing materials that meet all global regulations. Further, as a global materials expert, the company invests heavily in research and technology that will keep it on the leading edge of generating solutions that will meet diverse…
Carmakers scramble to boost sales in India
International carmakers are scrambling to boost sales in India. Automakers like General Motors, Nissan Motor Co and Renault SA has seen over the past weeks hundreds of job losses. Some have already reduced output, and industry analysts expect more to…
Volkswagen sees 3. 7 % drop in July sales in China, Russia
Weak markets in China, Russia and Brazil led to a decrease of 3.7 % in the July sales of the German carmaker Volkswagen. “The overall economic situations in China, Russia and Brazil remain difficult. As before, the Volkswagen group has…
Australia tyre market report
The TechSci Research report, “Australia Tyre Market Forecast & Opportunities, 2020”, has announced that the tyre market in Australia is predicted to reach around US$ 2.8 billion in 2015. This is due to several reasons, including: increase in industrialization, increasing…
Dealers angry of demand to restrict import of radial tyres
The fall in rupee has made the import of radial tyres costlier. This in turn has made the local tyre industry to demand for a restriction on radial tyres, angering dealers in the process who say that the demand is…
RSS-4 Rubber price on a six-year low
At Rs 112 per kg, India’s RSS 4-grade rubber price has skidded to a six-year low. The price drop is still an effect of China’s decline in demand of Indian rubber. The decline dampened the festive mood of the Onam…
India rolls out Rubber Production Incentive Scheme
In light of the declining rubber prices, Indian rubber farmers will surely take the brunt. That’s why the Indian government launched the Rubber Production Incentive Scheme (RPIS). The scheme ensures that farmers will always be paid Rs 150/kg for their…