The global market size for tyre material was US$73.93 billion in 2017 and is projected to reach US$91.23 billion by 2022, at a CAGR of 4.3% between 2017 and 2022. The increasing sales of vehicles and demand for low rolling resistance tyres are the…
Green tyre market projected to worth US$104.23 billion by 2022
The green tyre market is expected to reach US$104.23 Billion by 2022. The green tyres market is estimated to be US$62.68 Billion in 2017 and is projected to reach US$104.23 Billion by 2022, at a CAGR of 10.7% from 2017 to 2022. This growth can be…
Bridgestone unveils the Potenza RE980AS, its ultra-high performance tyre
Bridgestone has introduced its newest offering in its ultra-high performance tyre line, the Potenza RE980AS tyre. Engineered for luxury and performance vehicles, the Potenza RE980AS tyre combines all season performance with a crisp ride and curve-hugging grip in wet and dry…
GRI: Innovation, a must for Sri Lanka’s rubber sector to sustain demand in global market
Sri Lanka, the world’s eighth largest natural rubber producing country and is currently the seventh largest rubber exporter, according to Sri Lanka Export Development Board (EDB), has been known for its high quality rubber products. Its rubber sector, which accounts…
Audi to double China production in five years
German luxury car manufacturer Audi AG recently announced that it targets to double its China production with local partner FAW within five years. Speaking at the Beijing auto show, Audi head Rupert Stadler said the firm would look to offer…
India’s rubber processing chemicals market grow at a CAGR of 7.5% by 2023
India’s rubber processing chemicals market is projected to grow at a CAGR of 7.5% by 2023 in India thanks to the growing tyre manufacturing base in the country. Strong growth in the country’s industrial and automotive sectors, coupled with declining raw…
Goodyear committed to sustainable natural rubber
The Goodyear Tire & Rubber Company has announced a new natural rubber procurement policy which it says reflects its strong commitment to the responsible sourcing of raw materials. The company believes the implementation and adherence to this policy will help…
RM46.45 million of dividends announced for 9,359 participants of Risda
Malaysia’s Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob announced dividends totalling RM46.45 million for 9,359 participants of the Rubber Industry Smallholders Development Authority (Risda) in Pahang. He said of the total, RM38.44 million was for Commercial Replanting…
Shares of Top Glove rise 3%
Shares of Top Glove Corp Bhdrose as much as 3% in early trade after it announced its bonus issue and US$300mil bond sale. The glovemaker, the second top gainer, rose 30 sen, ot 3% to RM10.30 in early trade. The…
Lonstroff receives EUR4.8 million from Slovenia to construct factory
The government of Slovenia has granted EUR4.8 million in financial incentives for the Swiss-based company Lonstroff to construct a factory. The factory will produce rubber parts for medical applications in central Slovenia. Lonstroff, a subsidiary of Japan’s Sumitomo Rubber Industries,…








