Cambodia saw a 47 % rise in rubber exports in the first half of 2015. According to the Ministry of Commerce exports were 61,969 tons of dry rubber, an increase from 42,189 tons over the same period last year. During…
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Port blasts cause BMW to shift import to Shanghai from Tianjin
The harbor to receive imports of BMW cars is now located in Shanghai, after explosions ripped through Tianjin last week in an event that has gripped the nation. Around 2,000 vehicles a week which would otherwise have gone via Tianjin…
China tyre industry 2015 – 2019 report and forecast
Research and Markets has announced the addition of the “Research Report on China’s Tyre Industry, 2015-2019” report to their offering. The rubber tyre output in China in 2014 totaled to 1.114 billion with year-on-year growth of 15.4%. After more than…
Kossan, Hartalega profit from strong greenback
Companies such as Top Glove Corp Bhd, Supermax Cop Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries Bhdare among strong beneficiaries from the strong greenback. Their costs are in Ringgit, while their earnings are mostly in US dollar. The question…
Autoliv completes purchase of MACOM Automotive Solutions Business
Automotive safety systems company Autoliv, Inc. has completed its purchase of the automotive business of M/A-COM Technology Solutions Holdings, Inc. The acquisition is roughly US$100 million in cash, plus up to an additional $30 million in cash based on achievement…
Damage assessed at China port blasts
Automakers have scrambled to asses the damage to its its cars after two massive explosions ripped through the port city of Tianjin. French carmaker Renault SA (RENA.PA) said nearly 1,500 of its imported cars stored in a warehouse at the…
461,300 Volkswagen cars in US and Canada recalled in tyre scare
461,300 Volkswagen cars in US and Canada have been recalled so that the compay can fix the air bags from deploying The recall includes VW Golf, Passat, Jetta, and Tiguan models. No accidents or injuries related to the problem have…
Malaysian rubber market to trade prudently this week
Due to weakening Ringgit, the Malaysian rubber market will trade cautiously this week, a dealer said. He also noted that market was closely monitoring the performance of the yuan as China is the top rubber consumer as well as the…
RapidKL signs MoU to use green tyres
Prasarana Malaysia Bhd has signed a memorandum of understanding with Malaysian Rubber Board (LGM). This will allow the transportation compay to use Ekoprena tyres on its RapidKL buses. Prasarana chairman Tan Sri Ismail Adam said the move emphasised the importance…
Kumho Tire workers go on strike
Workers at Kumho Tire Co., South Korea’s second-biggest tire maker, went on a strike after the managers could not agre to a wage peak system. The eight-hour strike started at 6:30 a.m. The management has been making efforts to adopt…