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…
Category: Pan-Asia
South and East Asia rubber news
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…
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.…
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…