An illicit cross-border rubber trade is thriving in Cambodia amid plummeting global prices and is threatening legitimate processing operations in the country, according to business owners and industry experts. The first half of the year saw local rubber prices tumble…
Category: Industry News
Toyo announces safety recall of 175,000 tyres
Toyo Tire Holdings of Americas Inc. has announced a safety recall campaign on approximately 175,000 Toyo and Nitto brand tyres intended for light trucks, SUVs and vans including those used in commercial applications. The recall campaign covers select Toyo Open…
Sentury reveals new Delinte DV2 commercial van tyre
Sentury Tire has introduced the Delinte DV2 Commercial Van Tire to its lineup. The lineup, available for immediate shipment, will have 15 sizes, load range C-designated to fit commercial vans that require higher load-range or European-spec tyres. According to Max…
Younger population, consumer confidence drive India’s tyre market
Germany headquartered research firm, GfK, reveals in a new report that India has a flourishing market for vehicle tyres, with shops numbering over 50,000 across the country to cater to its growing younger population and increasing buying power, backed by…
Wacker opens airbag lab in Japan
Wacker Asahikasei Silicone (AWS), a 50-50% Japanese joint venture of Munich-based Wacker Chemie AG and Japanese chemical group Asahi Chemical Industry, opened a new development laboratory for airbag applications. The Airbag Competence Center of Excellence in Silicones (ACES), will spearhead…
World rubber producers plan regional rubber market
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…
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…