The governments of Canada and South Korea have signed a free trade agreement which, if ratified by the countries’ respective parliaments, will phase out import duties on rubber products in both countries over five years, the Tire and Rubber Association…
Category: World News
Europe, Australia, Americas, Africa rubber news
Smithers Rapra official sponsor of the Association of Rubber Product Manufacturers
The Association of Rubber Product Manufacturers (ARPM) introduces SmitersRapra and the prowess of their testing services as a new membership benefit, states the executive vice president of ARPM, Troy Nix. The burgeoning partnership with SmithersRapra provides foundation to the ARPM’s…
Russia Tyre Market projected to boost, says TechSci Research
Russia is one of the largest emerging economies in the world and is also the second largest automobile market in Europe. Increasing urbanization, rising disposable income and low vehicle density continue to boost the country’s automotive market. During the last…
Spain to recycle 100,000 tons of vehicle tyres
Five million car tyres that that have been piled up for more than a decade on 9.8 hectares of land. The small town of Seseña, which lies on the border between Madrid and Toledo, constitutes one of Spain’s biggest environmental…
Michelin Canada to purchase 50 acres of land in Nova Scotia
The municipality of the County of Kings, Nova Scotia, has approved the sale of approximately 50 acres of land in Waterville to Michelin North America (Canada) Inc., adjacent to Michelin’s truck tyre plant there. Michelin Canada agreed to pay $1.89…
Global NR price declines due to poor demand
Natural rubber (NR) prices nosedived in various global markets today on account of poor demand from countries like China and oversupply of the commodity. Bangkok market today quoted Rs 98/kg for bench mark grade RSS-4 while Tokyo Commodity Exchange (TOCOM)…
Bridgestone embarks rubber production in the US
Nearly all the world’s natural rubber comes from Hevea brasiliensis, immortalized by Cole Porter as the rubber tree plant. Relying on one plant for this critical raw material makes many companies nervous—especially tire companies, which account for nearly 60 percent…
Chinese tyres to stay in US, says CMA vice president
Major improvements in product quality and organic changes in the tire market have sparked China’s dramatic rise as a tire exporter to the U.S. and around the world, according to Walt Weller, vice president for strategic accounts at China Manufacturers…
Rema inaugurates OTR & Retread Products division
Rema Tip Top/North America Inc. is broadening its portfolio into the OTR sector with the formation of an OTR & Retread Products division and a line of heat-cure tire repair materials. The new product line features radial and bias heat-cure,…
Global NR surplus to decrease 46% in 2015
The global surplus of natural rubber will shrink 46 percent in 2015 as demand expands and farmers reduce tapping because of decreasing prices, according to the International Rubber Study Group. Production will outpace demand by 202,000 metric tons from 371,000…