Thailand approved a new subsidy and other measures on Tuesday to help its rubber farmers, who are struggling amid a slump in prices and have threatened protests. The world’s biggest rubber producer has been hit by a 40% decline in…
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Malaysian rubber tappers unhappy at government’s lack of aid
Otai Reformis wants Primary Industries Minister Teresa Kok and her deputy Shamsul Iskandar Md Akin removed from their positions after the seeming inaction in helping rubber tappers through the dip in the price of the commodity. “Otai is disappointed that…
Toyoda Gosei begins operations at Indian plant
The Gujarat Plant of Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), started operations in October 2018. The plant is the Indian subsidiary of Toyoda Gosei Co. Ltd. India is a key market for Toyoda Gosei, and the company has been…
BKT announces plans for new manufacturing plant in the US
Balkrishna Industries Limited (BKT) announced the USD100 million construction project of a new US production site that would cater to the entire American region. The facility will be the multinational group’s first manufacturing site outside of India. Europe is currently…
Cooper Standard to divest AVS business to Continental
Michigan-headquartered global supplier of systems and components for the automotive industry, Cooper Standard,is divesting its anti-vibration systems (AVS) business to Continental AG. Continental AG will purchase substantially all of Cooper Standard’s anti-vibration business in France and its respective interest in…
Mitsubishi adds stakes in Toyo Tire, increasing share holding to 20%
Mitsubishi Corporation (MC), Japan’s largest trading company, has approved the purchase of an additional stake in Toyo Tire & Rubber Co, LTD (Toyo), Hyogo-headquartered tyre maker, for 50.9 billion yen via subscription to a private placement of shares and has…
Industry leaders form platform for sustainable rubber
Natural rubber stakeholders gathered for the ceremonial launch of the Global Platform for Sustainable Natural Rubber (GPSNR). The independent platform aims to improve socio-economic and environmental performance of the natural rubber value chain. Stakeholders included tyre manufacturer, other rubber users,…
Voronezh tyre factory set to expand
Rostec and Pirelli Tyre Russia have signed an agreement to expand production capacity of the Voronezh tyre factory. The production volume double from 2 million to 4 million units per year, in accordance with increasing growth in Russian and international…
Relief package put together for rubber industry loss in Kerala floods
The Indian Rubber Board has submitted a US$33.5 million relief package to compensate for the devastating Kerala flood losses caused to the sector. According to D Anandan, chairman and secretary of the board, the damages are in the form of…
Industry leaders form platform for sustainable rubber
Natural rubber stakeholders gathered for the ceremonial launch of the Global Platform for Sustainable Natural Rubber (GPSNR). The independent platform aims to improve socio-economic and environmental performance of the natural rubber value chain. Stakeholders included tyre manufacturer, other rubber users,…