Chinese companies are investing in Middle Eastern country Azerbaijan – representatives from both sides have signed memorandums of understanding (MoUs) worth US$821 million in total. A notable project will be the construction of a Chinese tyre plant in Azerbaijan’s Sumgayit…
Category: Pan-Asia
South and East Asia rubber news
Singapore’s Olam International to sell off rubber business and others to reel in US$1.6 billion
Singapore-based agriculture and food major Olam International plans to sell off four of its businesses, including rubber, over the next six years to yield an income of US1.6 billion; and to invest a further US$3.5 billion in its agriculture and…
Philippine province latches on new technology to boost production
The Philippine province of North Cotabato, the country’s second largest rubber producer after Zamboanga Sibugay, is introducing a new technology to the local farmers to boost yield and ensure early maturity of rubber crops. Under the Serbisyong Totoo Rubber Development…
NR up by 35% due to fall in output, rise in demand
Due to fall in production and rise in consumption, natural rubber (NR) imports to India increase by 35%. For nine months, imports rise at 4,490,088 tonne from a year ago according to Rubber Board data. Rubber import stood at 4,790,670…
Cambodia faces revenue losses even with higher rubber exports
Cambodia lost 4% year-on-year from dry rubber exports despite an increase in shipments. The Khmer nation reportedly increased 15% of exportation of dry rubber amounting to 217,500 tonnes, However, because the price of the commodity fell to US$1,319 per tonne…
China synthetic rubber leaps in bounds in 2023 – report
China’s synthetic rubber sees growth in 2023, according to an industry report. The Global and China Synthetic Rubber (BR, SBR, EPR, IIR, NBR, Butadiene, Styrene, Rubber Additive) Industry Report, 2018-2023 said that a growth rate of around 6% for synthetic…
Vietnam inaugurates new rubber processing plant in Son La
The Viet Nam Rubber Group opened its new US$4.8 million-rubber latex processing plant, in the northern province of Son La. The plant, which started construction in early 2018, and spanning 16 hectares in Thuan Chau’s Tong Lenh commune, has two…
China, Sri Lanka in talks for rubber based FTZ
The Vice Governor of China’s Hainan province, Shen Danyang and Minister of Plantation Industries Navin Dissanayake in Colombo have recently discussed China’s plans to establish a rubber based Free Trade Zone (FTZ) in Sri Lanka. Likewise present were officials of the Chinese…
Vietnam rubber export’s wins and losses in 2018
According to reports, quoting the Vietnam Rubber Association, Vietnam has shipped an estimated 1.6 million tonnes of rubber or over US$2 billion in 2018, up 14.5% in volume but down 6.1% year-on-year in value. In December, the country exported 190,000…
New tyre plant to rise in Thailand for Prinx Chengshan
Chinese tyre maker Prinx Chengshan is acquiring land plots in Thailand worth an estimated US$25 million for its new plant. The transaction involves purchase of 2,250 acres of land in Tambon Nong Suea Chang, Amphur Nong Yai and Tambon Klong-Kew,…