NEW DELHI, India — Continental A.G. plans to invest $71 million through 2013 in its newly acquired tire plant in Modipuram, India, to expand bias-ply truck tire capacity and add capacity for radial car and truck tires. The projects, announced…
Category: Pan-Asia
South and East Asia rubber news
Tyre industry left threadbare
IMPORTS now command the majority of the South African car tyre market, causing inevitable downsizing in the industry and the loss of thousands of jobs. But if the tyre industry wins a case currently before the Supreme Court, it could…
Kumho tyre ordered to move China factory
KUMHO Tire’s Nanjing factory has received an order from the city’s Department of Environmental Protection to move to a new location, Economic Observer News reported on August 20th. The Korean tire maker is among 173 companies across China to receive…
Rubber industry welcomes CP involvement
RUBBER experts have welcomed the move by CP Group to enter the industry extensively, saying the presence of the agribusiness heavyweight would create more competition and benefit the industry as a whole The bright outlook in the next few years…
Latexx’s due diligence on YTY almost over
KUALA LUMPUR – Latexx Partners Bhd is poised to complete a due diligence on YTY Industry Holdings Sdn Bhd by as early as next month, says chief executive officer Low Bok Tek. “It should be completed by the end of…
Vystar Corporation signs LOI to merge with EcoGlove Asia Pacific Sdn Bhd
ATLANTA, GA – Vystar Corporation, the creator of Vytex Natural Rubber Latex (NRL), a patented, all-natural raw material that significantly reduces antigenic proteins found in natural rubber latex, has signed a Letter of Intent (LOI) to merge with EcoGlove Asia…
First harvest from rubber project in Ulu Tongod FMU
TELUPID, Sabah – A rubber planting pilot project in the Ulu Tongod Forest Reserve jointly implemented by the Sabah Forestry Department and TSH Resources Bhd eight years ago has started bearing fruit with the first official harvest made recently. Sabah…
Rubber stocks gain on customs duty abolish news
FINANCE Ministry may abolish customs duty on rubber up to 1 lakh tonne, according to CNBC-TV18. The Commerce Ministry has proposed removal of 20% duty on the commodity likely due to rising domestic rubber prices. Ceat touched an intraday high…
New publication on rubber off the press
MANILA, Philippines – A “Technoguide on Diseases of Rubber and their Management” is off the press. The volume was written by Dr. Noemi G. Tangonan, head of the Plant Pathology Research Laboratory of the University of Southern Mindanao-Crops Research Division…
Rubber tyre scraps custom duty exemption suggested
KARACHI – Cement manufacturing companies have suggested to the National Tariff Commission an exemption from the levied custom duty on rubber tyre scraps. Cement industry sources told that currently 20 custom duties levied on the imported tyre scraps, while the…