Indian rubber growers slam what they allege as a breach of contract committed by the Kerala government and tyre firms. In a statement issued recently, rubber growers’ associations, including UPASI (represented by its Vice President N Dharmaraj), Association of Planters…
Category: Industry News
Automotive sales in South Korea to rise until 2020, report says
According to a recently released TechSci Research report “South Korea Tyre Market Forecast & Opportunities, 2020”, the tyre market in South Korea is forecast to touch around US$5 billion in 2017. Major drivers for tyre sales in the country include increasing automobile exports coupled with growing…
Semiconductor and rubber glove makers win from weaker Ringgit
The decline of the ringgit is generally viewed as a problem for the economy but there are always two sides to the story. Exporters with high local ringgit-denominated content and strong external demand are the obvious winners as they are…
Honda possibly guilty of deaths by exploding airbags
At least 5 people were killed in the US when the airbags in their vehicle exploded, causing Honda to investigate whether their company is to blame. The unidentified driver of a 2002 Honda Accord died in a crash last week…
Informal European lab network launched
European Research and Rubber Laboratories (ERRLAB) was recently launched on the 26th of January. ERRLAB is a European informal network which is made up of laboratories for research and testing in rubber applications. It is established by France, Germany and…
Mitsubishi launches plant in Philippines, plans to up output by 6 %
Mitsubishi unveiled its plant in Manila, Philippines on Thursday, saying that it is capable of producing up to 50,000 cars annually. “The transfer is a strategic move that will enable us to adapt better to our growing industry,” Hikosaburo Shibata,…
Cooper Tire & Rubber reaches peak of $35.81
It has been a positive week for CTB. On January 27 they hit a new 52-week high reaching a peak of $35.81 after opening at $35.47 and closing at $35.50 for a move of $-0.59%. Hitting a new 52-week high…
Outlook for automotive coating positive, report says
The new APAC Automotive OEM Coatings Market report says that the outlook for automotive coating manufacturers remain bright, chalking it up to strong government backing and favourable macroeconomic indicators. Although the surge of smaller cars is expected to considerably affect…
World Rubber Week 2015 Casts Spotlight on three key events
Singapore– Leaders, stakeholders and experts from the global rubber industry will congregate in Singapore at the World Rubber Week 2015, to be held at the Singapore EXPO Convention & Exhibition Centre and MAX Atria @ Singapore EXPO from 24 –…
Butadiene prices drop further
Butadiene prices are dropping. This is due to sharp declines in crude oil prices, continued soft demand for synthetic rubber and new butadiene capacities led to prices for the monomer touching a new low in FY15, the Indian petrochemicals group…