The long-running problem of drooping natural rubber output continues. October–January is the peak season for production in India but output in November for the RSS-4 grade was 64,000 tonnes, against 85,300 tonnes in the same month of 2013. According to…
Category: Industry News
TechSci reports Saudi Arabia tyre market to boost
According to the recently released TechSci Research report, “Saudi Arabia Tyre Market Forecast & Opportunities, 2019”, tyre market in Saudi Arabia is forecast to grow at a CAGR of 17.19% in value terms during 2014-19. Prominent factors driving the market…
Faster product delivery as Nynas launches Singapore hub
Specialty oils provider Nynas recently launched a hub in Singapore, making it faster to deliver its naphthenic specialty oils to customers and increasing their availability in the Asia Pacific region. Now, customers in Shanghai, Indonesia, Thailand and surrounding countries can…
Top Glove reports revenue decline in Q1
Top Glove Corporation Bhd’s earnings fell 3.1% to RM48.68mil in the first quarter ended Nov 30, 2014 from RM50.27mil a year ago due to an increase in natural gas and electricity prices, together with their knock-on inflationary effects. The world’s…
Malaysia reports NR exports upsurge
Malaysia’s natural rubber (NR) exports in October 2104 rose 0.5 per cent, or 260 tonnes, to 54,723 tonnes compared with September 2014, the Statistics Department said. In a statement today, the department said, however, on a year-on-year (y-o-y) basis, the…
Goodyear to relocate regional office in Brazil
Goodyear Tire & Rubber Co. will relocate its Latin America regional headquarters in Sao Paulo, Brazil, to Akron, Ohio, the tyremaker said. Roughly 30 to 50 positions at the regional office will move to Goodyear’s corporate headquarters starting in…
Mitsui and Sinopec establishes jv to construct EPT rubber plant
Mitsui Chemicals and China Petroleum & Chemical have announced the startup of one of the world’s largest EPT (ethylene-propylene-dieneterpolymer) plant for a single train under their joint venture, Shanghai Sinopec Mitsui Elastomers. EPT, which has superior resistance to heat and…
New incentives to be proposed to assist Malaysian rubber smallholders
The Rural and Regional Development Ministry will propose to cabinet several new incentives soon to assist the rubber smallholders who were affected by the intensive decline in the commodity’s prices. Its Minister Datuk Seri Mohd Shafie Apdal said the incentives…
Thai rubber industry urges gov’t to set farmers compensation for price below Bt60
The rubber industry will today ask the government to compensate farmers for a market price below Bt60 per kilogram after initially seeking compensation for prices below Bt80. The news comes as the government has revealed that it believes a planned…
Goodyear Dunlop inaugurates new winter tyre testing facility in Finland
The Goodyear Tire & Rubber Co.’s Goodyear Dunlop (EMEA) group opened its new winter tyre testing facility, deemed the “Arctic Center,” in Ivalo, Finland, on Dec. 8. The track is leased from Action Park, a company that specializes in winter…