The parliamentary standing committee on commerce will tour West Bengal, Tripura and Kerala January-February to analyse the situation of the rubber and tyre industry in the country, its head Chandan Mitra said Thursday. “We will be visiting Dunlop India in…
Category: Industry News
Pakistan tyre makers hesitant to invest more due to smuggling
Tyre manufacturers have voiced their frustration over unchecked smuggling and the practice of under-invoicing. This the biggest reason, according to the distraught manufacturers, why they are performing below par and are reluctant to pump more investment into the industry. In…
Indian tyre makers to help local farmers offload stock
Around 17 tire companies in India have agreed to buy raw rubber from within India at international prices plus the prevalent import duty to help farmers offload their stock and continue tapping. Rubber prices in India have been on a…
Michelin Air X tyres fitted to new Airbus A350-900 aircraft
Michelin Aircraft tyre has announced that its tyres were fitted for the first flight of the new Airbus A350-900 aircraft. And Airbus has delivered the first A350 XWB to Qatar Airways equipped with Michelin Air X tyres, featuring “Radial NZG…
Increase in rubber prices expected due to flooding in Malaysia and Thailand
Bloomberg reports, “Palm oil and rubber advanced as flooding in Malaysia and Thailand disrupted supplies from Southeast Asia, and forecasters said that further heavy rain over the next few days will probably exacerbate the situation. Palm oil for March delivery…
Federal run flat tyres wins Good Design award
Federal Corp. has received a Good Design 2014 Award in the transportation category for its high performance Formoza AZ01 and Formoza AZ01 FRF (Federal Run Flat) tyres. Federal says it is the first tyre company in Taiwan to win the…
Vietnam tyre market grows at a CAGR of over 8%
According to recently published TechSci Research report “Vietnam Tyre Market Forecast & Opportunities, 2019′, the tyre market in Vietnam is forecast to grow at a CAGR of over 8% during 2014-19. Prominent factors driving the market include growing automobile sales,…
AITDF requests ministry of road transport to reduce tyre prices
The All India Tyre Dealers’ Federation (AITDF) is pleading with the ministry of road transport to take up the cause of road transporters who have been asking for a reduction in tyre prices due to the fall in raw material,…
Malaysian rubber market expected to improve in 2015
The natural rubber (NR) industry is expected to recover next year, supported by increased demand from consuming countries amid low supply, says Malaysian Rubber Board (MRB) director-general Datuk Dr Salmiah Ahmad. She said the brighter prospects would be supported by…
Indonesian NR exports to remain dormant in 2015
Indonesia’s natural rubber exports are expected to remain stagnant at this year’s level as production is set to stay low due to poor weather and weak prices in the international rubber market. The association of Indonesian Rubber Producers Association (Gapkindo)…