The Malaysian rubber market ended lower for the first time in four days this week over weak economic data from China which raised fears of falling demand for the commodity. A dealer said the negative sentiment was also felt in…
Category: Industry News
Ships and ports dictate tyre developments
While most trucking fleet discussions talk about roads and highways, at Continental Tire, they’re thinking about ports and ships. Paul Williams, Continental’s executive vice-president told reporters at a press conference, that shipping and intermodal practices make a difference in trucking…
JK Tyre releases India’s first ever truck racing tyre
JK Tyre released India’s first ever truck racing tyre -Jet Racing – during the just-concluded T1 Prima Truck Racing Championship at Budh International Circuit in Greater Noida. JK Tyre developed and designed the new truck racing tyres especially for this…
LANXESS announces price increase for EPDM Rubber
The Keltan Elastomers business unit of specialty chemicals group LANXESS will globally raise its prices for all of its Keltan EPDM grades (Ethylene Propylene Diene Monomer), effective April 1, 2014. The price adjustment for EPDM is USD 150 per metric…
ITRC aims to stabilise rubber prices
The cooperation between three major rubber producers — Malaysia, Indonesia and Thailand — in the form of International Tripartite Rubber Council (ITRC) is expected to stabilise the declining prices of natural rubber. Plantation Industries and Commodities Minister Datuk Seri Douglas…
Toyo to unveil three new tyres at MATS
Toyo Tire U.S.A. Corp. is introducing two steer tyres and an all-season drive tyre at the 2014 Mid-America Trucking Show (MATS) in Louisville, Ky., March 27-29. The company says the tyres feature its proprietary e-balance technology to deliver improved tyre…
Passenger car segment to continue its domination in Kuwait tyre market
High purchasing power along with continuous increase in automobile sales are contributing to the growth of the tyre market in Kuwait. Around 95% of the country’s population resides in urban areas. This high rate of urbanization is also supporting the…
Kenanga overweights on rubber gloves sector
Kenanga Research & Investment says maintaining OVERWEIGHT rating for the rubber gloves sector, despite unjustifiable sell-off of rubber glove maker stocks. “Rubber glove stocks under our coverage suach as Top Glove, Supermax, Hartalega and Kossan have performed poorly. But we…
Rubber procurement ‘stretched’ too far
The rubber procurement scheme launched by the Kerala Government fails to bring any benefit to the growers as the commodity remains under pressure with the decline of spot rubber prices. The delay in implementation of the scheme, coupled with the…
Increased demand for tyres could inflate Goodyear’s stock price
The global marketplace is showing concerns over the Chinese economy’s possible slowdown. A manufacturing report known as the Flash PMI showed a drop in orders to 48.1 – below the 48.7 expected by analysts. Even if China’s economy cools down,…