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…
Category: Pan-Asia
South and East Asia rubber news
Soaring rubber prices skids sales of slippers
KOCHI – Rising rubber prices have led to more expensive footwear for the common man. Prices of no-frill rubber slippers and flip flops have doubled in the past 18 months. Higher prices and the use of substitute raw materials have…
M’sian rubber market likely to see steady trading this week
KUALA LUMPUR – The Malaysian rubber market is likely to see steady trading this week on expectation of firm demand for the commodity, dealers said. They said the local mart will also closely look at prices in the regional futures…
China plant set to become Pirelli’s largest
ACCORDING to news from Asia, Pirelli intends to develop its factory in China’s Shandong Province into the largest facility it operates anywhere in the world. Singapore’s The Business Times quotes Pirelli Asia-Pacific CEO Giuseppe Cattaneo as stating “China is going…
Tokyo futures slip as oil prices fall
TOKYO rubber futures slipped 1.7 percent early on Tuesday (June 7), weighed down by losses in oil and a Wall Street slump, while investors nervously watched for signs of a further weakening in Chinese demand and rising supply from producing…
Rubber-glove makers speak up on labour woes
KUALA LUMPUR: Rubber glove manufacturers said their RM30 billion export earnings target by 2020 can only be achieved if they are not bogged by issues like labour and energy. In a dialogue with the International Trade and Industry Ministry yesterday,…
High rubber and pepper prices make for more joyous gawai
PAKAN, Sarawak – It’s going to be a very joyous Gawai Day for the Dayak community of Sarawak, many of them growers of rubber and white pepper now enjoying a price boom. The high prices of rubber and pepper seem…
Rubber exports on the rise in Vietnam
THE Indochinese country expects to make over US$3 billion from rubber exports this year because of rising global demand, says its Ministry of Agriculture and Rural Development. China accounts for 70% of the country’s total rubber exports, while exports to…
Michelin on track in China
FRENCH tyre maker Michelin will set up a joint venture company with Double Coin Holdings and Shanghai Huayi to produce and market Warrior brand passenger car and light truck tyres for the Chinese market. Michelin will own 40% of the…
Indian tyre company sold
GERMAN tyre company Continental has signed an agreement with India-based V K Modi Group to acquire its tyre business, Modi Tyres. Terms were not disclosed. The supplier said the completion of the transaction depends on the fulfilment of several conditions.…