INDONESIA – Natural-rubber production in Indonesia, the second-largest grower, may increase at a slower pace this year as a moderate La Nina potentially disrupts tapping even as more trees are maturing, an industry group said. Output may rise 6.5 %…
Category: Pan-Asia
South and East Asia rubber news
Sri Lanka’s rubber traders face slow start in 2012
COLOMBO – Traders in the world’s seventh largest natural rubber exporter Sri Lanka fear that volumes for the first quarter may be low after the first auction in the new year failed to brighten prices, an official said here recently.…
M’sia to emerge as world’s No. 1 contraceptive maker, says agency
KUALA LUMPUR, Malaysia – A leading rubber industry agency has predicted Malaysia will emerge as the world’s top condom producer this year, dethroning Thailand as the market leader. The Malaysian Rubber Export Promotion Council said Malaysia has captured at least…
Lanxess teams up with Hwaseung
Lanxess and South Korea’s tier-one automotive supplier, Hwaseung Corporation, have entered into a long-term agreement where Lanxess will supply Hwaseung with EPDM rubber and both companies will focus R&D efforts on speciality rubber applications. Ethylene propylene diene monomer (EPDM) synthetic…
Momentive expands to South Korea
SILICONES supplier Momentive Performance Materials has expanded its marketing and technology operations in Seoul, South Korea, with a new application development centre at the Gasan Digital Complex to meet growing demand for speciality silicone products in the country. The new…
Michelin to sell shareholding in Hankook
FRENCH tyre maker Michelin plans to sell up to 15 million shares it owns of Hankook Tire, representing approximately 9.98% of the share capital of this company, via an institutional private placement by way of an accelerated book building. Michelin…
Reduction of tariffs for Korean tyres into US
THE US-based Tire Industry Association (TIA) reports recently signed Korean-United States Free Trade Agreement will reduce the tariff on the importing of Korean manufactured car and truck radial tyres from 4% (3.4% for non-radial) through a series of graduated step-downs…
Cutting growth of rubber to stabilise prices
THAILAND’S rubber growers in the southern provinces have agreed to reduce supply by at least 25% in an attempt to stabilise prices that have been declining steadily for two months. Planters will reduce tapping to 15 days a month from…
Vietnam adjusts tax tariff on rubber exports
VIETNAM has decided to make adjustments on the tax tariff for export of some rubber commodities. Export of natural rubber products and natural rubber latex, which are either pre-vulcanised or unvulcanised will be subject to a tax of 3%, instead…
RM195 mn allocation for rubber replanting programme
PENAMPANG, Malaysia – The federal government has approved an allocation of RM194.723 million for the rubber replanting programme and new rubber cultivation nationwide for the 2011-2012 period. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said from this amount,…