Thailand’s National Rubber Policy Committee has approved the purchasing of rubber at three baht above the bidding price at the central rubber market in order to boost prices. The government earlier approved a 15-billion-baht budget to intervene in the market…
Category: Pan-Asia
South and East Asia rubber news
Malaysian rubber market expected to remain firm this week
The Malaysian rubber market is expected to remain firm this week amidst higher oil prices, dealers said. A dealer said sentiment, however, is expected to be cautious this week as buyers await more fresh leads. There is market talk that…
Rubber processing plant to rise in Davao, Philippines
A rubber processing plant will soon rise in Compostela Valley province in Mindanao, Philippines. The plant, estimated to be worth EUR272,140, is said to be the first in Davao region. The plant is a joint project between the Department of…
India’s rubber imports rise
India’s natural rubber imports rose about 11% in June from a year ago to 21,189 tonnes, state-run Rubber Board said in a statement on Monday, reflecting deals signed by local tyre makers earlier this year to cash in on lower…
German hose maker inks deal with India
Frankfurt-based Flowtech Tristone Group together with the Indian automotive company Bony Polymers signed a technical license agreement. In the agreement, Tristone will provide technical support in production and logistics for fluid applications such as engine cooling water, cooling hoses, PA…
NR Production To Reach 10.8 million tonnes
Production of natural rubber by members of the Association of Natural Rubber Producing Countries (ANRPC) will reach 10.8 million tonnes in 2012. This is a 4.9% rise from 10.325 million tonnes produced in the previous year. The new data comes…
Tyre sales spike 14% in Southeast Asia
Demand for replacement car tyre markets in the major cities of four emerging markets of Southeast Asia saw a surge of 14% in demand in Q1 2012 over the previous quarter. GfK retail tracking of replacement car tyres across bustling…
Rubber glove sector thrives on lower costs, stronger US dollar
The research arm of Kenanga Investment Bank Bhd (Kenanga Research) elaborated in a research note yesterday, “These two factors should boost the earnings of glove companies if their trends persist.”
Thailand to cut down on exports
Prices dipped by 26% this quarter, the most since the final three months of 2008, as growth slowed in China, the biggest consumer
Indian rubber skill development centre opens this September
National Skill Development Corporation (NSDC) and the All India Rubber Industries Association (AIRIA) will establish a rubber skill development centre for the rubber industry. The centre is expected to start the pilot project in six to eight institutes by September…