Green Rubber Global has entered into an agreement to purchase machinery from YMS Process Engineering Pte Ltd in order to strengthen its patented DeLink elastomer recycling facility. The subsidiary of Petra Group signed the agreement which amounted to US$8.3mil (RM325.86mil).…
Category: Industry News
Tesla shares fall 6 %
Car maker Tesla Motors Inc saw its share tumble down by nearly 6% on Wednesday. Due to this, they have announced that they will be raising cash as production increases. A recently negotiated credit line can be extended from US$500…
GM to overhaul plant for US$877 million
US$877 million will spent AS General Motors Co overhaul is plant in Flint, Michigan. In the past, GM and its domestic rivals would shut down production for weeks to retool for new models, stockpiling vehicles in advance and then discounting…
Natural rubber imports in India during July drops 15 %
The imports of natural rubber in India fell to 36,828 tonnes from a year earlier. India imports natural rubber from Vietnam, Malaysia, Thailand and Indonesia. In July, tyre makers trimmed imports expecting a further fall in rubber prices, said a…
Rs.300 crore earmarked for rubber procurement
Rs.300 crore has been set aside for the procurement of rubber for this season. The State Cabinet also decided to relax the norms for farmers wanting to join the scheme, but did not have the valid documents such as title…
Czech Republic’s Winter Tyre Market 2015-2019
Forecasts and analysis of the market have been done in terms of volume. The market size is calculated on the basis of the unit sales of winter tires in Czech Republic. The winter tire market in Belgium is expected to…
Hyundai slashes price of SUVs
Due to the sluggish market in China, Hyundai Motor has slashed the price of its two SUV’s by nearly 12 %. The South Korean automaker’s shipments in China fell 14 percent in the second quarter, leading it to pledge further…
Toyota hampered by slow growth in China
Toyota Motor Corp is facing slow growth in China. It has been forced to cut prices in order to remain competitive. China auto sales fell each month in the quarter as economic growth crawls at its slowest pace in 25…
Import and export of rubber and timbre will have new standard
A new set of standards will be set for the import and export of timbre and rubber. The standard, to be announced by the Plantation Industries and Commodities Ministry by year-end includes plywood and SMR 20 rubber grade. Its Minister,…
Subsidy for Kerala rubber farmers approved
The Kerala government will be allocating 300 crores for farmers who will get up to 300 kg a month. The difference between the price published by the Rubber Board for RSS 4 and 150, will be the subsidy credited to…