The increasing global car production triggering rising demand for tyres does not curb the glut caused by farmers expanding output by 18% in three years after prices more than doubled since the end of 2008.
Category: Top News
Taiwan’s major tyre firms to upscale output
Stable raw material prices, natural rubber and synthetic rubber costs are expected to remain low this year and manufacturers benefiting from the cost savings.
Mediobanca to sell off equity in Pirelli?
The Milan-based bank will present a new business plan to focus on its banking business and break with years of meddling in Italy’s top corporate developments.
Indian rubber exporters subject to US anti-piracy law
As per the law, “the US buyers/importers are prevented from buying any product manufactured out of pirated versions of software or hardware used anywhere in its systems.
Thailand to create fund for stabilising rubber price
The fund can procure 50,000 tonnes of rubber, which reports say is enough to sustain rubber price.
Lanxess to increase prices for rubber chemicals
The price increases, which are needed to offset higher production costs, will impact the Vulkanox (antidegradant) and Vulkacit (accelerator) product groups.
India imports rubber to offset tight supply
WITH tight natural rubber supply in the domestic market, the Indian tyre industry is forced to import the material despite the high costs due to falling rupee .
Sri Lanka to increase natural rubber output
About 17,000 hectares of new rubber plantations have covered the districts of Moneragala and Ampara, and more areas in Hambantota, Mullativu, Vavuniya and Kilinochchi will also be planted with rubber.
Radial tyres to spur further Lanxess’s growth in Asia
There is a growing trend towards the use of radial or tubeless tyers for buses and trucks in China and India, according to Lanxess, in lieu of the recent opening of its largest single investment butyl facility in Jurong island, Singapore.
Indian Rubber Board chief still heads the IRSG
India Rubber Board chair, Sheela Thomas is taking charge as the head of IRSG, a decision unanimously made at the meeting of the heads of delegations, held in Singapore on 21 May.