Fuji Heavy Industries (the parent company of automaker Subaru) has demanded of its suppliers to uphold “human rights and international standards of behavior.” “Our supply chain network has been made aware of our policy and expectations,” it said in a…
Category: Industry News
India poised for more natural rubber import
India is set to import more natural rubber as automobile sales rebound and local production dips. Director-general of the Automotive Tyre Manufacturers’ Association Rajiv Budhraja said that output may fall 5% to 7 %, thus increasing imports. The increase in…
Toyo Tires signs three-year partnership withFC Zenit Saint Petersburg
Toyo Tires and FC Zenit announced the signing of a three-year partnership contract. Part of this partnership includes: advertisement at Zenit’s home stadium and major mutual co-operation for the two partners. To kick start the partnership, a new online game…
Global Nitrile Gloves Market 2015-2019 report
Research and Markets has included the “Global Nitrile Gloves Market 2015-2019” report to their offering. The global nitrile gloves market to expected to grow at a CAGR of 8.02% between 2014-2019. As wearers are facing latex allergies, consumers are moving toward the…
Dr Mohd Akbar Md Said is now new Director General of The Malaysian Rubber Board (MRB)
Dr Mohd Akbar Md Said is now new Director General of The Malaysian Rubber Board (MRB). Previously, he was the Deputy Director-General (Research & Innovation) responsible for MRB’s direction, planning and strategies of research and innovation. He also worked closely…
Strong U.S sales help increase Honda’s profit
Honda’s profit is up 20 % following strong U.S sales and weak Yen. In total, the April-June net profit of the carmaker is 186.04 billion yen (US$1.50 billion), compared to 155.60 billion yen a year earlier. That result beat an…
Kerala government announces latex subsidy
The Kerala government ha announced that it will provide latex subsidy. This is a part of its Rubber Production Incentive Package. The additional amount being given to rubber for ensuring Rs.150 per kg for rubber would be given as subsidy…
Vietnam’s rubber industry hit by oversupply
The Viet Nam Rubber Association has warned that the country’s rubber supply will see an oversupply in the next few years. Its chairman Tran Ngoc Thuan said that the total rubber export amount to 1 million tonnes, a year-on-year decrease…
Price cuts threaten Michelin’s earnings
Increasing competition in the Asian region is posing a threat to the earnings of tyre manufacturer Michelin, pulling its shares down. “We’re encountering pressure on prices, especially in markets like China and Southeast Asian markets where the Chinese export,” Chief…
Saudi Arabia to see new tyre regulations
The Saudi Standards, Metrology and Quality Organisation has announced that new tyre regulations will come into effect in November in Saudi Arabia in November this year, There are six classifications to this effect: excellent, very good, good, average, bad and…