The BIMP-EAGA (Brunei, Indonesia, Malaysia and Philippines East Asean Growth Area) Malaysia Business Council is in active discussions with a government-linked company (GLC) to embark on a large-scale rubber plantation in Palawan, the Philippines. Its chairman Roselan Johar Mohamed said…
Category: Industry News
November 2013 winter tyre stats indicate a strong season
The winter has been among the worst ones this year, however, not the coldest. While the environmental ministry has announced that following the stormy weather, about 1700 homes have already been flooded, most of the UK is experiencing high temperatures,…
Ryan & Maniskas, LLP announces class action lawsuit against Cooper Tire & Rubber Co.
Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of purchasers of Cooper Tire & Rubber Co. (“Cooper” or the “Company”) (NYSE: CTB)…
World tyre demand continues to inflate, says study
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…
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…