The Department of Trade and Industry (DTI) in Quezon is collaborating with a private group that will invest in a rubber tree plantation within the province. Pablito Budoy of DTI-Quezon said at present, a rubber tree plantation in Gen. Nakar and Real, Quezon can be expanded with the aim of supplying the local and world market with raw materials for car tires, rubber slippers and other items made of rubber.
Category: Pan-Asia
South and East Asia rubber news
China tyre imports increase
Imports of car tyres from China doubled in October and November 2012, according to the Global Trade Information Services Inc. (GTIS) data.
Imports from China surged to 3.56 million units in October last year from 1.74 million a year earlier; whilst in November, the imports hiked up to 3.19 million units from the previous 1.64 million.
Thai Government mulling on rubber scheme
The government of Thailand is still deciding whether or not it will extend its rubber intervention scheme when it expires in March; stocks in the world’s biggest producer of the commodity are likely to rise until then, a senior official said.
Bridgestone to open Thai technology centre
Bridgestone Corp. plans to establish a US$42 million technical centre in Bangkok this year to cover development work for the firm’s activities throughout Asia Pacific. The centre will be operational by July under the direction of Bridgestone Asia Pacific Pte. Ltd.
Cambodia rubber exports climb 17% in 2012
Cambodia recorded a 17% rise in rubber latex exports in 2012; however, the revenues from the exports went down by 21% due to declining rubber prices in the international market, a recent government statistics showed.
China’s auto rubber hose market expands, says report
Demand has reached 387.03 million metres in 2011, valued at RMB14.514 billion; and capacity is expected to surge up to 487.41 million metres valued at RMB 18.278 billion by 2015.
Indian Rubber Board provides financial assistance to smallholders
Funds of up to Rs25 lakh will be extended to various groups in the smallholder sector.
Top Glove to hike up prices by 5%
Following the new wage law, raising glove prices is a solution the company is taking to maintain profits.
Capexil to promote export opportunities at Tyrexpo India
The council represents 3,500-member companies across India, many of whom are involved in the export of tyres, rubber materials and associated products.
Global demand for natural rubber still positive in 2013
Bustling industrial activities in emerging economies; and fiscal stimulus in Japan and the US are likely to drive demand.