World demand for tyres is forecast to rise 4.3% a year to 2.9 billion units in 2017, according to the ‘World Tires’ study from industry market research firm Freedonia. Growth in the tyre market will continue to be led by…
Category: Industry News
Indian tyre industry to grow by a muted 2-4% for 2013-14: ICRA
The tonnage growth is likely to be a shade weaker as the larger T&B OEM tyre segment posts declines ICRA scales down its earlier estimates for total tyre volume growth for 2013-14 to 2-4% due to the higher than anticipated…
Tyre event in China to focus on “real” issues
Against the backdrop of increasing sales of passenger and commercial vehicles in China and India (in China automotive sales were up nearly 14% in 2013 to 21.98 million) and also a strong demand for replacement tyres, the third in the…
Risda targets RM4,000 monthly income for rubber tappers by 2020
KUALA LUMPUR – The Rubber Industry Smallholders Development Authority (Risda) has targeted a monthly income of RM4,000 per household by 2020 for rubber tappers. Risda chairman and director general Datuk Wan Mohamad Zuki Mohamad said it was to encourage the…
Supportive government policies and fuel-efficient tyres to drive Malaysian tyre market says TechSci research
Growing demand for hybrid cars as a result of government initiatives to drive the tyre market in Malaysia over the next five years Malaysia’s favorable government policies, coupled with political and economic stability, and the presence of well-developed infrastructural facilities,…
Tyre industry divided over how to handle toxic waste
Australia’s tyre industry is split over the best way to tackle the problem of discarded tyres, with a new federal government stewardship plan getting only lukewarm support from some of the largest retailers and environmental groups. Federal Environment minister Greg…
Rubber drops for second day as Yen gains, China stockpiles swell
Rubber in Tokyo declined for a second day, to the lowest level in almost a week, as a stronger Japanese currency cut the appeal of yen-denominated futures and stockpiles swelled in China. The contract for delivery in June on the…
RM14b bonanza for M’sian glove makers
Malaysian rubber glove makers are confident of cementing their position as the world’s largest producer, backed by robust growth forecasts of 8% to 10% in volume. This is expected to generate about RM13 billion to RM14 billion this year. Most…
ITC backs SI Group in intellectual property raps
NEW YORK-headquartered SI Group, a global developer and manufacturer of chemical intermediates, specialty resins, and solutions, has won ts case in a landmark intellectual property lawsuit before the International Trade Commission (ITC). SI Group had filed a complaint with the…
Sustainability, theme of forthcoming Rubber Summit in Singapore
THE World Rubber Summit (WRS) 2014, promised to be the biggest gathering of business and policy makers for the rubber industry will be held at the Marina Bay Sands Expo & Convention Centre in Singapore on May 19-21, The summit…