Category: Pan-Asia

South and East Asia rubber news

Malaysian state opens more land for rubber plantation

MALAYSIA’s Modernisation of Agriculture Minister and Rural Development reported that another 20,000 ha of land had been opened for rubber plantations in Kuching, Sarawak this year to produce high quality rubber for the China market. Minister Datuk Patinggi Tan Sri…

Sumitomo projects US$7.62 billion sales growth in 2013

SUMITOMO Rubber Industries Ltd. forecasts strong sales and earnings this year for its tyres, sporting and industrial business units. Based on the company’s fiscal 2012 financial summary report, this year, the company projects a 7% to US$7.62 billion sales growth,…

Truck sales in China can benefit rubber

CHINA has posted a 7.7% to 320,300 units rise in truck sales in March from a year earlier, according to a data released by China Association of Automobile Manufacturers (CAAM). According to Orient Futures Co. analyst Yan Xinbin, the positive…

Rubber demand in Vietnam seen to rise

ACCORDING to Tran Thi Thuy Hoa, General-Secretary of the Vietnam Rubber Association (VRA), demand for natural rubber in the country is likely to increase. Hoa said, during a recent conference on sustainable rubber development held in southern Binh Phuoc Province,…

VRG to initiate rubber project in Cambodia

CAMBODIA welcomes the Vietnam Rubber Group’s (VRG) initiative for implementing rubber projects in the country. The group is set to plant 100,000 hectares of rubber trees in the country by 2014. At a reception for VRG General Director Tran Ngoc…

Japan-China tiff affects Toyota sales

JAPANESE automaker, Toyota Motor Corp disclosed that March sales of the company and its China joint ventures reach 75,900 units in the country , an 11.7% drop from a year earlier. From January to March, Toyota’s total sales in China…