The nearly US$50 million worth venture is said to be established for 30 years, but may still be extended later on.
Category: Top News
Nigerian rubber group seeks recovery of ailing sector
Rubber used to be the fourth largest foreign exchange earner for Nigeria after crude oil, hide and skin and cocoa. Bur the Government has shifted its focus to crude oil – neglecting rubber.
Continental invests on R&D extension centre in Singapore
The project is expected to be completed over a year. The new extension building will accommodate around 450 employees and provide a total floor space of 5,000 square metres.
Surplus rubber and weak demand take toll on prices
With surpluses reaching 179,000 metric tonnes this year and curving down to 153,000 metric tonnes by next year, based on an earlier forecast by a rubber group, Commerzbank said that shortage is unlikely..
Expert talks about the domination of the Asia Pacific region and innovations of the rubber industry
In an exclusive interview, Rapra asked one of the conference presenters , David Hill of UK-based David Hill & Associates, International Latex Consultancy, to share his insights on the industry.
Tyre industry offsets low rubber supply with heavy importation
ATMA proposes for an intensified natural rubber (NR) importation to offset its limited supply, which is already affecting production schedules and prices in the domestic market.
Affin highlights healthy profit margin for Kossan rubber
This outlook has placed Kossan in a good standing amidst a potential pricing competition in the gloves industry resulting in lower average selling prices.
Styrenics growth to come from Asia Pacific with SBR in tyre market
Polystyrene (PS) is the major polymer which is largely consumed, followed by Acrylonitrile Butadiene Styrene (ABS) and Expanded Polystyrene (EPS).
EU truck tyre market shows slow recovery in 2013 H1
The markets with weaker economies in Southern Europe are performing better than DACH or Scandinavia, says ETRMA
Myanmar rubber still short of EU quality standard
The Myanmar Rubber Planters and Producers Association said that the country’s rubber suffers from quality that is too low to profit from the EU markets.