Category: World News

Europe, Australia, Americas, Africa rubber news

Michelin continues support to Yellowstone

MICHELIN North America Inc has renewed its five-year-old agreement with Yellowstone Park Foundation — the official fund-raising partner of Yellowstone National Park — covering tyres and vehicle maintenance advice for the park’s fleet of 800-plus vehicles. Since 2008, Michelin has…

Brazil to levy anti-dumping duty on Chinese tyres

Brazil will levy a five-year anti-dumping duty on Chinese tyres, according to the Ministry of Commerce. The duty will be levied according to the weight of the tyres and ranges from US$1.08 to US$2.17/kg. The China Rubber Industry Association said…

India to source condoms from private sector

Hit by a shortage of condoms in the public health services, India’s health ministry wants to procure condoms and other contraceptives from private manufacturers as the sole provider in the public sector, Hindustan Latex, has not been able to meet…

Nigeria needs to tap rubber potentials – officials

EXECUTIVE Director Rubber Research Institute of Nigeria Prof O.I. Eguavoen expressed his hopes for Nigeria as a potential rubber production hub. He stated during a training workshop held in Benin that the joint initiative project of the Rubber Research Institute…

EU Court junks Dow’s appeal in rubber cartel fine

DOW Chemical loses the EUR64.57 million (US$84.5 million) appeal against the antitrust fine levied against it in relation to a rubber cartel. The EU Court of Justice in Luxembourg rejected arguments that the company should not be liable for the…

Michelin leads in North America sales

MICHELIN North America Inc. has posted sales of US 9.96 billion in 2012, beating Goodyear by almost US$300 million, according to reports. Michelin sales in North America, which accounts for the company’s 35.1% corporate sales, have increased by 11.6% in…

US stimulus moors rubber from decline

CCORDING to Bloomberg, rubber has recovered from a nine-month low, and has finally leashed the worst quarterly decline in a year, amidst optimism the US Federal Reserve will maintain stimulus after slower-than-estimated growth in the country’s economy. The contract for…