Malaysia’s glove manufacturers are expected to benefit from rise in the ringgit’s exchange rate as rubber gloves sales are mainly transacted in US dollar. The research arm of TA Securities Holdings Bhd (TA Research) said Malaysia’s glove manufacturers face main…
Category: Uncategorized
Myanmar rubber producers expects strong future, undeterred by price slump
Rubber exports are on pace to double by 2016 even as plunging prices hit the international market, according to experts. Prices for sheet rubber fetched 120 baht (US$3.66) a kilogram in Thailand in 2011, but by last week had dropped…
Giti tyre plant bidding suspended
Bidding for construction at Giti Tire’s new plant in Chester County, S.C., has been halted until a lawsuit challenging the process has been resolved. This legal action pulls into question when construction on the plant might begin. On Dec. 1,…
Thai ministry urges financial institutions to issue loans to rubber farmers
The Ministry of Agriculture and Cooperatives urges financial institutions to expedite the issuance of 15-billion-baht loan to rubber farmers and confirms that financial aid will be distributed to them from 15 November onwards. Minister of Agriculture and Cooperatives Pitiphong Phuengbun…
Sri Lanka rubber institute signs agreement with China to improve rubber industry
The Sri Lanka Rubber Research Institute has signed a Memorandum of Understanding with China’s state-owned CETC International for the development of the RRI. The collaboration with CETC will include infrastructure development, upgrading of essential equipment and technical assistance. The proposed…
Hankook’s Ventus S1 evo2 tyre gains international Good Design Award
Hankook Tire Co. Ltd. has won the international Good Design Award 2014 for its Ventus S1 evo2 tyre in the competition’s personal transportation equipment and facilities category. Hankook says the Ventus S1 evo2 was acknowledged for its asymmetrical tread design,…
Cambodia reports export increase on dry rubber
Cambodia has seen a 29-percent increase in dry rubber exports in the first nine months, but revenues dropped 9 percent due to global decline of rubber price, the Ministry of Commerce said on Saturday. During the January-September period this year,…
China urges investors to setup rubber facilities in Thailand
China has indicated her interest to encourage Chinese investors to establish rubber processing plants in Thailand as a way to strengthen bilateral cooperation in agriculture and local employments. The cooperation was raised during the discussion between Defence Minister General Prawit…
Tokyo rubber futures plunges to 5-year low
Rubber sank to its lowest level in more than five years amid speculation that calls to restrain supplies from the world’s two biggest producers wouldn’t be enough to offset slowing demand.An industry group in Thailand asked members not to sell…
Cooper reveals new all-terrain, four-season tyre
Just in time for Canadian winters, Cooper Tire has introduced its new all-terrain, four-season Discoverer X/T4 tire, which is specifically engineered for Canadian drivers, providing excellent on-road and off-road driving confidence in all weather conditions. The Discoverer X/T4 SUV/light truck…