The Rubber Industry Smallholders Development Authority (RISDA) urges smallholders to convert their idle lands into rubber cultivation areas to increase their income. They can avail of incentives such as grants under the rubber replanting assistance scheme. During the recent Ihya Ramadan Parlimen…
Category: Uncategorized
Poor tapping activities caused low rubber incentives claims – plantation minister
Only 110,000 out of 500,000 or about 22% of smallholders in Malaysia have claimed the Rubber Production Incentive (IPG) to date, according to Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali, adding that poor rubber tapping activities or plantations…
IRSG announces World Rubber Summit virtual event to be held on 8-11 June
With the theme, “Facing the Future: Inclusiveness, Sustainability and Growth for the Next Normal”, the International Rubber Study Group (IRSG) has announced the World Rubber Summit (WRS) virtual event will be held on 8-11 June 2021. (Related article: World Rubber Summit postponed…
HeveaConnect, SNV to jointly develop training modules for Indonesian rubber smallholders
Singapore-headquartered digital marketplace HeveaConnect (HC) joined forces with Dutch non-profit SNV Netherlands Development Organisation to develop the HeveaGROW digital agronomy training modules in video formats for rubber smallholders in Indonesia. The initiative aims to make agronomy training accessible to more rubber smallholders and…
PTT to venture into nitrile gloves production; new jv established to enter medical device market
Thai state-owned oil and gas company PTT’s subsidiaries, IRPC and Innobic (Asia) establish a joint venture, Innopolymed Company Limited, to produce non-woven fabric from the melt-blown process, and which are raw materials for the filtration in medical masks, N95 respirators,…
Sumitomo Rubber to boost US plant capacity with US$122 mn investment
In response to the increased demand driven by strong sales of SUV and light truck high-performance tyres in the North American market, Sumitomo Rubber Industries (SRI) is investing US$96 million to nearly double its capacity in its US factory’s daily…
Bridgestone divests Firestone Building Products to Holcim
Bridgestone Americas, a subsidiary of Bridgestone Corporation, has completed the sale of Firestone Building Products to Holcim Participations (US) Inc, a subsidiary of LafargeHolcim. The transaction, valued at US$3.4 billion, will enable Bridgestone to focus on its core tyre business and…
Traton ramps up e-mobility with EUR 1.6 bn investment in R&D by 2025
German commercial vehicle manufacturer and Volkswagen subsidiary, Traton, is investing a total of EUR1.6 billion in research and development for e-mobility by 2025. At the same time, Traton says it is scaling back investments in conventional drives of these to…
Mighty Earth urges CBI to delist Michelin “Green Bond” amid allegations of industrial deforestation
Environmental campaign organisation Mighty Earth recently filed a formal complaint with the UK-based investor-focused not-for-profit body Climate Bonds Initiative (CBI) calling for Asia’s first corporate “Sustainability Bond”, which had been issued in 2018 for investors in French tyre maker Michelin’s natural rubber joint venture in…
Cooper issues major recall of defective light truck tyres
Finland, Ohio=headquartered Cooper Tire & Rubber Co is recalling over 430,000 light truck tyres in the US on tyre failure risk from sidewall bulges. The recall, which is expected to commence March 25, covers certain Discoverer, Evolution, Courser, Deegan, Adventurer,…