Cambodia’s rubber rush burned out quickly. High world rubber prices in 2011 encouraged investors to clear thousands of hectares for rubber plantations, but the price of natural rubber plummeted the following year and has bottomed out at around $2,000 per…
Category: Industry News
Mitsubishi Motors production hubs will be Japan, SE Asia, Russia
The president of Mitsubishi Motors Corp (7211.T) said Japan, Southeast Asia and Russia will become the automaker’s principal production hubs after it quits making cars in the United States later this year because of dwindling sales there. “Japan, ASEAN (countries),…
U.S. regulators impose record US$105 million fine on Fiat Chrysler
The U.S. auto safety watchdog, toughening its stance against manufacturer defects, on Sunday fined Fiat Chrysler Automobiles NV (FCHA.MI) a record US$105 million over lapses in safety recalls involving millions of vehicles, according to documents obtained by Reuters. Under a…
Global Styrene Butadiene Rubber Market by Application, by Geography – Analysis and Forecast to 2019
The report covers the important styrene butadiene rubber global markets. It further divides the market on the basis of applications and geography. The market data for these types has been provided with respect to volume (thousand tons) and value ($million).…
EU Approves EUR 117 Mln. State Aid For Czech Tyre Plant
The European Commission Thursday said it has approved regional investment aid aggregating about EUR 117million to Nexen Tyre Corporation Czech s.r.o. for the construction of a tyre production plant in Zatec, Czech Republic. The Commission found that the aid granted…
Lotus blame bank transfer for tyre delay
The Lotus Formula One team blamed a banking technicality for a delay in Pirelli releasing tyres to them ahead of first Hungarian Grand Prix practice on Friday. The team received their tyres less than an hour before cars went out…
In Monday’s SMEBiz: Rubber entrepreneurs, China Silk Road
Monday’s SMEBiz highlights the rubber entrepreneurs, new uses for containers and the huge opportunities in the China Silk Road. Two friends overseas glimpsed an opportunity in rubber-cushioned flooring. Eighteen years, many ups and downs later, and their company Fairmont Ventures…
Kerala govt to include latex in stimulus package
The Kerala government is expected to give a reprieve for the rubber growers who are struck by a steep fall in latex price. Finance Minister K.M. Mani said he had directed officers to form a formula to include latex in…
Desma inaguarates new facility in China
This year is a special one, because Desma is not only celebrating the 50th corporate anniversary but also the inauguration of a new and larger facility at the gates of Shanghai. Around 150 visitors participated in the opening festivities at…
JK Tyre launches RANGER – The premium range of SUV tyres
The all new Ranger Series is a multi-terrain, high performance SUV tyre series, setting a new benchmark for the future of SUV tyre segment in India · Available in two variants, Ranger Series’ design ensures best in class braking in most…