Malaysia’s natural rubber (NR) production in May 2015 dropped 11.3% to 38,923 tonnes compared with the same period last year, the Statistics Department said. Month-on-month, however, saw an increase in rubber production by 8.6%. The department, in a statement today,…
Category: Industry News
Ivory Coast’s Sifca 2014 profit plunges 75 % on rubber, cedi
Ivory Coast agro-industrial group Sifca’s 2014 net profit plunged to 6 billion CFA francs (US$10.1 million), from 24 billion the previous year, the company said in a statement. Sifca, part-owned by Singapore’s Olam International and Wilmar International, said turnover slid…
Tyre collection effort battles Waco mosquitoes, litter
In an effort to combat mosquitoes, as well as littering, the city of Waco held a rare midsummer Waco scrap tyre collection day Saturday. “The height of summer is the prime breeding season for mosquitoes, and one of their favorite…
China market rout, slowing economy sap demand for luxury cars
Prices for German luxury cars in China are tumbling as the country’s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. At Mercedes-Benz stores operated by…
Coastal States Automotive Group Purchases Volkswagen Dealership in Savannah
Coastal States Automotive Group President and CEO Warner Peacock has announced another new acquisition. The company purchased the Volkswagen franchise in Savannah, Ga., on July 7, 2015. The new Savannah Volkswagen is located on Abercorn and Eisenhower Drive, at the…
California to study health effects of ‘crumb rubber’ in artificial turf
SACRAMENTO — California officials have authorized spending US$2.9 million to study the health effects of using recycled tyre pieces on artificial turf fields, hoping to put to rest a simmering debate over their safety. But even as the health effects…
Tyre unit sale in offing: Kesoram Industries shares surge nearly 8%
Shares of Kesoram Industries flared up nearly 8 % in early trade Monday, defying the weak broad market sentiment, on reports the flaghsip company from the BK Birla Group is likely to sell Birla Tyres to JK Tyre for a…
Continental Announces Tyre Safety Recall of Approximately 3,800 tyres in U.S.
Continental today announced a voluntary recall program involving approximately 3,800 passenger vehicle tyres. The tyres involved in the recall are Continental ContiProContact P205/65 R15 95T XL, produced in February 2015 and sold in the replacement market only. The tyres may…
Court tosses Cooper Tire lawsuit over failed deal
A federal judge has dismissed a lawsuit filed by a group of Cooper Tire & Rubber Co. shareholders that alleged company officials had not been honest about the risks of a US$2.5 billion 2013 merger agreement that ultimately fell apart.…
Sarawakian smallholders suffering with low rubber price
The Opposition in Sarawak has warned that the rubber price, at average RM2 per kilo, is too low and the smallholders are suffering. The rubber price, it has estimated, should be at least RM4 per kilo. “To get a kilo…