With the US imposing anti-dumping duty on Chinese tyres, imports of such tyres into India has surged over the past several months, adding to pressure on Indian tyre makers. At a basic custom duty of just 10%, Chinese tyres have…
Category: Industry News
Introducing guayule
Guayule is an little-known desert shrub, largely unremarkable except for one thing: It’s full of latex. That’s right, the stuff used to make rubber. Big tyre manufacturers like Bridgestone are now betting on guayule as the next big thing. But…
Tokyo futures rise in thin trade as oil prices climb
Benchmark TOCOM rubber futures inched up on Monday, helped by higher oil and metals prices at the end of last week, but trade was thin as investors looked for clues on the economic outlook in top buyer China and plans…
India’s rubber import reaches all-time high
India’s rubber imports touched an all-time high of 415,000 tonnes in 2014-15 owing to lower international prices and fall in domestic production. In the previous fiscal 2013-14, the rubber imports stood at 360,000 tonnes, which was also the highest ever…
Tyremakers oppose demand to hike import duty
Rubber consuming industries have opposed any move to raise import duties on natural rubber and contested Kerala Finance Minister KM Mani’s figures on production-consumption gap. Gap much higher The industries say that the gap between domestic production and consumption of…
Dow Corning Receives Pinnacle Award from Delphi
Dow Corning today received the 2014 Pinnacle Award from Delphi Automotive PLC – its most prestigious supplier honor – during its Global Supplier Conference & Pinnacle Awards event in Shanghai, China. The award recognized Dow Corning for its contribution to Delphi’s Excellence…
GMG Global Q1 profit plunges 93.8% on low rubber prices
Vertically integrated rubber producer GMG Global’s net profit for the first quarter of 2015 plunged 93.8 % to S$0.16 million. Over the same period, its revenues fell 33 % to S$150.7 million. In a statement, GMG said the decline in…
Rubber produces come together to boost prices
Producers and industry bodies said they were set to charge a significant premium over the exchange-traded futures contract from the second half of 2015, a move that would mark a radical change in an industry where plunging prices have hit…
Rubber material based on bio-renewable polymer developed
An ethylene propylene diene monomer (EPDM) rubber compound from a polymer produced from sugarcane-based feedstock has been developed by Freudenberg-NOK Sealing Technologies. The bio-renewable rubber is created from a polymer that is made via a process that begins with the…
Czech Republic sees expansion of Semperit facility
EUR 15 million will go into the expansion of Semperit’s hose production facility in Odry, Czech Republic. This will increase production capacities of industrial hoses by about 40 % by the second quarter of 2016. Even after the recent coming…