The three major world rubber producers of Thailand, Indonesia and Malaysia are targeting to set up a regional rubber market within the next 18 months. Malaysia’s Plantation Industry and Commodities Minister Datuk Amar Douglas Uggah Embas said the framework for…
Category: Industry News
Myanmar’s rubber exports drop
Myanmar exported more than 30,000 tonnes of rubber in the first seven months (April-October) of the present fiscal year 2014-15, down 238 tonnes from 30,238 tonnes a year earlier, according to the country’s Ministry of Commerce. The average price of…
Indonesian gov’t decided to augment rubber price
The price of natural rubber, which is one of the countrys major export earners, has been on the decline in the past three years. After peaking at US$4 per kilogram in 2011, the price of natural rubber shrank to as…
Indian rubber prices may not rise in short term
Rubber prices have softened despite the decision of top producers Thailand, Indonesia and Malaysia to cut exports from next year, leading to expectations that the prices may not rise in the short term as the coming New Year holidays may…
BKT inaugurates American OTR tyre headquarters
BKT Tires Inc., a subsidiary of Balkrishna Industries Limited (BKT) is opening a new Americas headquarters for its American OTR tyre sales and services in Brentwood, Tenn. The offices are located at 12 Cadillac Dr., Suite 240. “The new offices…
Michelin Premier A/S tyre gains best innovator award
The editors of Popular Science have selected the Michelin Premier A/S tyre as one of the Top 100 innovations of 2014. Named to the magazine’s annual Best of What’s New list in the Automotive category, the revolutionary Michelin Premier A/S…
Conti reveals new range of premium passenger car tyres
The international tyre manufacturer and automotive supplier, Continental, has officially launched the newly developed Conti Max Contact MC5 and Conti Comfort Contact CC5 premium passenger car tyre lines in the Indian market. These tyre lines are designed using German engineering…
TechSci Research reports UK tyre market to boost
According to recently released TechSci Research report, “United Kingdom Tyre Market Forecast & Opportunities, 2019”, tyre market in the United Kingdom is estimated at around US$ 5 billion (GBP 3.1 bn) in 2014. Key factors driving the market include growing…
Inch Kenneth Kajang Rubber reports profit increase in Q3
Inch Kenneth Kajang Rubber PLC Monday said it swung to a pretax profit in the third quarter of its financial year, after last year’s results were hit by a number of impairments. The rubber company, which operates in Malaysia, posted…
Rubber producers plans regional exchange to allow physical rubber trading
Top Asian rubber producers Thailand, Indonesia and Malaysia are planning a regional exchange that will allow physical trading of the commodity, an official with the Malaysian ministry said on Friday. The exchange, targeted to be set up within 18 months,…