THAILAND is set to propose another year extension on reduction in shipments from top suppliers to prevent price shortfalls. Thailand, along with Indonesia and Malaysia , represent about 70% of global output. According to Thailand’s Deputy Farm Minister Yuttapong Charasathien,…
Category: Pan-Asia
South and East Asia rubber news
Qingdao warehouses ordered to clear rubber stocks
NATURAL rubber prices in Asia has dropped to the lowest levels in four to six months, after Chinese authorities ordered local warehouses in Qingdao, Shandong province, to clear some of their rubber stocks within 10 days for safety reasons, according…
India: an emerging automotive hub and a growth centre for rubber
WITH a CAGR of over 15% during the last five to seven years, the automotive sector is aptly described as the next sunrise sector of the Indian economy. Thus, the country’s growing rubber industry and its contribution to the transportation…
Thailand is not renewing rubber-buying scheme
The Deputy Agriculture Minister, Yuthapong Charassathien stated that the scheme is no longer necessary since prices have reached the levels that are satisfactory for the farmers.
JK Tyre to expand domestic tyre capacity
An investment proposal of Rs.160 crore for the expansion is given a green light from the company’s board.
India tops in rubber delivery in January
AN estimated 1,606 metric tonnes of rubber delivery was accounted in January, an 80.45% increase from the previous year’s 890 metric tonnes.
Philippine investments board sets new roadmap for auto industry
The new road map aims to develop local manufacturing as well as make locally produced cars more affordable without reducing the excise taxes imposed on these vehicles.
RP labour agency halts city tyre plant operations
THE Philippine’s Department of Labour and Employment (DOLE) has issued a work cessation order on a rubber tyre plant in Valenzuela City, Metro Manila due to a recent mishap that killed a mechanic working for the plant. Based on investigations…
Kumho sponsors autosport series in China
The South Korean tyre manufacturer will become the race’s official tyre supplier, outbidding Yokohama and Michelin in the deal.
High cost, tight supply support Asia butyl glycol
Demand for BG from the downstream solvents sector in China is low amidst a weak global economy.