BANGKOK, Thailand – The Thai cabinet has turned down a plan to spend another 15 billion baht (US$480mil) on buying rubber to prop up prices but will monitor the situation to see if further intervention is necessary, the deputy agriculture…
Category: Pan-Asia
South and East Asia rubber news
Firms record sales in the first half
AFTER almost matching the dynamic level of the strong Q1, German automotive parts supplier Continental foresees hitting another record year, especially with potential increase in consolidated sales of more than 7% to over EUR32.5 billion. Moreover, Continental projects that the…
Thai govt has 15 days to resolve rubber price woe
SONGKHLA, Thailand – Rubber planters in Thailand’s southern provinces on Monday set a 15-day deadline for the government to resolve the declining price of rubber. The planters earlier rallied at the Provincial Administration Office in the southern province of Songkhla…
Three rubber producing countries move to boost rubber prices
THAILAND, Indonesia and Malaysia, representing about 70% of global natural-rubber supply, agreed steps to boost prices, said Yium Tavarolit, chief secretary of the International Rubber Consortium Ltd. The measured will be announced The measures will be announced by ministers tomorrow,…
Declines in butadiene price to benefit Hartalega next year: MIDF
THE easing of the price of butadiene, a key material of nitrile, will boost the profitability of Hartalega Holdings Bhd next year, says MIDF Research Sdn Bhd. According to a research by the MIDF, nitrile latex makes up 50% of…
Glove maker Ansell expects to lift earnings next year
MEDICAL gloves and condoms maker Ansell, which has a factory in Malaysia, says it expects to lift its earnings in the 2013 financial year and remains on the hunt for more acquisitions. Ansell recently reported a 6% rise in net…
Indonesia beckons Indian rubber investments with availability of resources
INDONESIA, the second largest rubber producer in the world, has invited Indian rubber industry to invest in that country and benefit from ample natural rubber resources. In a meeting with All India Rubber Industries Association (AIRIA), Dickey Fabrian, Consul-General of…
Latex prices continue to dip
Top Glove chairman shares his views as well as industry forecast; Global rubber demand to increase 15% this year
Govind Rubber to build tyre plant in India
The plant will have a production capacity of 225 tonnes/day
Michelin slows down truck tyre plant construction in India
French and Indian non-governmental organizations finally got the attention of the OECD in Paris last Wednesday about the construction of a Michelin tyre factory in India. They believe the plant violates the rights of a community of ‘untouchables.’ The construction…