Growing at a compounded annual growth rate (CAGR) of about 32%, import of natural rubber in India in value terms is likely to touch $1,107 million by the end of the ongoing fiscal year (FY) 2014-15 as the country had…
Category: Industry News
Tokyo rubber futures plunges to 5-year low
Rubber sank to its lowest level in more than five years amid speculation that calls to restrain supplies from the world’s two biggest producers wouldn’t be enough to offset slowing demand.An industry group in Thailand asked members not to sell…
Farm and construction tyre panel at ITEC 2014
As the farm and construction markets continue to grow and expand grudgingly after some difficult economic years, industry observers wonder what’s next. During a farm/construction tyre panel at the recent 2014 International Tire Exhibition & Conference (ITEC) — Tire Dealers/Auto…
Goodyear launches new fuel-efficient tyre in North America
The Goodyear Tire & Rubber Co. has introduced what it claims is the “most fuel-efficient long haul drive tyre in North America,” the Goodyear Fuel Max LHD G505D. The premium category tyre will replace Goodyear’s G305 AT LHD, set to…
$1.50 per kg floor price set by Indonesian Rubber Group, Malaysia supports!
As the world’s second largest producer of rubber, Indonesia’s main rubber group has aimed to fix floor prices at $1.50 per kg (RM 4.90). The groups’ intention for setting the price at $1.50 is due to plummeting global prices that…
Wacker raises prices in Americas
Wacker Polymers will raise its prices for Vinnapasvinyal acetate-ethylene and Vinnol ethylene-vinyl chloride-based copolymer dispersions and dispersible powders effective November 1st in the Americas. Alongside the increase, Wacker said a logistics surcharge of 0.02 cents per pound will be effective…
Bridgestone’s Akron tech gains gold level LEED V3 certification
Bridgestone Americas Tire Operations LLC’s Americas Technical Center in Akron, Ohio, has earned LEED V3 (Leadership in Energy and Environmental Design) certification at the Gold level by the U.S. Green Building Council. The center was built to LEED Gold specifications…
Sri Lanka rubber farmers meets President to discuss difficulties
Sri Lankan President Mahinda Rajapaksa Thursday met with the small scale rubber planters in the country at Temple Trees for discussions to address their woes. Representatives from various rubber planters’ associations met with the President to discuss the difficulties faced…
Sumitomo Rubber invests R1.1 billion in local tyre factories
Despite the rise in cheap imported tyres and frequent labour strikes in the industry, Sumitomo Rubber Industries (SRI) is forging ahead with a R1.1 billion investment into its factories in Ladysmith, KwaZulu-Natal to position itself as the leading player in…
Kerala gov’t urges Cochin Refinery to produce more NRBM
The Kerala government has asked the Cochin Refinery to see that they produce more natural rubber modified bitumen (NRBM), Chief Minister Oommen Chandy said Wednesday. NRBM is prepared by adding five per cent natural rubber latex to the bitumen. The…