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…
Category: Industry News
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…
Construction of Malaysia’s Rubber City start in 2016
Construction of Malaysia’s “Rubber City” in Padang Terap is set to begin next year, said Datuk Dr Ku Abdul Rahman Ku Ismail, state Industry and Investment, Domestic Trade, Cooperatives and Consumer Affairs Committee Chairman. The city would be an industrial…
Malaysian Rubber Exports to hit RM16bn mark
Malaysian exports of rubber products had a strong six months, at RM8.46bn. That’s a big leap considering that the export value was RM10.7bn for the whole of 2014. If trade keeps going at the same pace, experts say that the…
Oshawa assembly line of GM to be extended till 2017
General Motors Co (GM.N) will keep its Oshawa assembly line in operation. GM said it would invest C$12 million to increase Chevrolet Equinox production and make related changes at the separate CAMI Assembly, extending production on its consolidated line to…
Asian rubber futures end diversified
Asian rubber futures ended the session mixed Tuesday. Benchmark Tokyo rubber futures for January delivery ended down 6.2 yen at Y168.7($1.40) a kilogram. The benchmark futures have fallen 31% since June and markets were expecting little recovery in demand. “The…
Medline expands Honea Path, S.C. Plant
In order to cater to the 18 % of healthcare workers who are allergic to latex, Medline is expanding its Honea Path, S.C plant. This plant produces a synthetic polyisoprene material called Isolex ™ by 30 percent. The company is…
New Roadmaster RM230 WH Waste-Haul tyre by Cooper Tire launched
Cooper Tire & Rubber Company has unveiled its New Roadmaster RM230 WH Waste-Haul tyre. This adds to the company’s line of commercial tyres, and can withstand the demands of sanitation truck. “We designed this tire specifically with the steer position…
Natural rubber market consumption: report
Despite the fall of output of natural rubber in 2014, its consumption saw a year-on-year growth of 6.8 % to 12.16 million tons, fuelled mainly by the global tyre market. Global natural rubber market (consumer) is primarily concentrated in China,…