Bloomberg reports, “Palm oil and rubber advanced as flooding in Malaysia and Thailand disrupted supplies from Southeast Asia, and forecasters said that further heavy rain over the next few days will probably exacerbate the situation. Palm oil for March delivery…
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Vietnam rubber giant inaugurates rubber facility in Cambodia
Vietnam Rubber Group has inaugurated its first latex processing plant in Cambodia, according to Vietnamese media reports. The plant, which cost $5.2 million after two years of construction, was reportedly inaugurated in Ratanikkiri’s O’Yadav district on December 23 in a…
Thai gov’t requested to utilize local rubber in road construction
The government should draw up an alternative strategy to ensure sustainable growth in the rubber industry by establishing a downstream industry instead of relying solely on exports, which has caused farmers to suffer from price swings and manipulation, a seminar…
Global industrial rubber products demand expected to boost
Worldwide demand for industrial rubber products is projected to rise a healthy 6.6 percent annually to $158 billion in 2018. Sales will be boosted by an acceleration in fixed investment expenditures and expanding durable goods output. Also contributing to value…
Federal run flat tyres wins Good Design award
Federal Corp. has received a Good Design 2014 Award in the transportation category for its high performance Formoza AZ01 and Formoza AZ01 FRF (Federal Run Flat) tyres. Federal says it is the first tyre company in Taiwan to win the…
Vietnam tyre market grows at a CAGR of over 8%
According to recently published TechSci Research report “Vietnam Tyre Market Forecast & Opportunities, 2019′, the tyre market in Vietnam is forecast to grow at a CAGR of over 8% during 2014-19. Prominent factors driving the market include growing automobile sales,…
Bidding process for Giti SC plant to resume
The bidding process for Giti’s Chester County, S.C., plant can resume following a ruling by the state Court of Appeals. Last week a judge declined to hear an appeal that would stop the county from hearing bids it had already…
AITDF requests ministry of road transport to reduce tyre prices
The All India Tyre Dealers’ Federation (AITDF) is pleading with the ministry of road transport to take up the cause of road transporters who have been asking for a reduction in tyre prices due to the fall in raw material,…
Malaysian rubber market expected to improve in 2015
The natural rubber (NR) industry is expected to recover next year, supported by increased demand from consuming countries amid low supply, says Malaysian Rubber Board (MRB) director-general Datuk Dr Salmiah Ahmad. She said the brighter prospects would be supported by…
Indonesian NR exports to remain dormant in 2015
Indonesia’s natural rubber exports are expected to remain stagnant at this year’s level as production is set to stay low due to poor weather and weak prices in the international rubber market. The association of Indonesian Rubber Producers Association (Gapkindo)…