State-run Vietnam Rubber Group (VRG) is putting 25% of its stakes up for sale in an initial public offering (IPO), which is worth an estimated US$563 million (12.8 billion dong), the company said. The sale is part of Vietnam’s plans…
Category: Pan-Asia
South and East Asia rubber news
Kerala to go for more rubberised roads, Sudhakaran says
The Indian state of Kerala is pushing for the construction of more rubberised roads in order to increase the state’s use of natural rubber, said Minister for Public Works K. Sudhakaran. The discovery that waste plastic could be used to…
Finnish tyre firm to launch feasibility study for PH tyre plant
Finnish tyre maker Black Donuts Engineering Inc. will be launching its feasibility study for the construction of a US$200-million rubber tyre factory in Mindanao, Philippines after the signing of a memorandum of agreement (MOA) in September with the country’s Department…
Yokohama Rubber to increase tyre output capacity in China
Japanese tyre company Yokohama Rubber will increase its production capacity in China for passenger car tyres to 13.6 million units a year by 2020, up nearly 50% from 9.35 million units in 2016, as it looks to boost business with…
India’s rubber sector structural reforms worry farmers
The current structural reforms that India’s Rubber Board is going through combined with the possible changes in rubber plantation policy perspectives have the country’s more than 1 million rubber farmers worried. The immediate reason for alarm has been the decision…
Thai government partners with Deestone produce high-rubber content tyres
Thailand’s Ministry of Agriculture and Cooperatives (MOAC) has partnered with the Rubber Authority of Thailand to produce its own tyre brand called TH-Tyre in the hopes of stimulating the use of locally grown and tapped natural rubber. The two bodies…
Petronas/Aramco to expand product base at Rapid: elastomers/SR on the cards
Malaysia’s state-owned oil company Petronas and its partner in the Rapid (Refinery and Petrochemical Integrated Development) project in Johor, Saudi Aramco, are studying the feasibility of building other petrochemical plants to make full use of raw materials from the Rapid…
India retracts promised National Rubber Policy
India’s Ministry of Commerce & Industries has taken back its promise of declaring a National Rubber Policy, refusing to make an exception for rubber alone among the other commercial crops. The expert committee that studied the need for a policy…
India’s RSDC, BSA Crescent University tie up for rubber tech programmes
Rubber Skill Development Council (RSDC), India’s rubber skill sector council, is teaming up with B.S. Abdur Rahman Crescent University in Chennai to help bridge the skill gaps in the fast growing rubber and tyre sector in the country. The partnership…
Thailand’s NRPC extends loan programme to stabilise rubber industry
Thailand’s Natural Rubber Policy Committee (NRPC) is extending a 1-billion Baht loan programme for another year to stabilise the rubber industry. The Natural Rubber Policy Committee meeting, chaired by Prime Minister Gen Prayut Chan-o-cha, has agreed to give rubber farmers…