TyrePress reports, “To accommodate its growing presence in the North and Central American markets, BKT Tires Inc. recently opened a new premises dedicated to the OTR sector and has extended its team with two key appointments. The Balkrishna Industries company…
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Sri Lanka rubber production downsurges
According to the Department of Census and Statistics, rubber production had seen a decline of 21.1 percent during the third quarter of 2013 and the low demand for Sri Lankan natural rubber in the world market had dropped attributing to…
Kerala rubber farmers annual earnings declines 3,500 crore
Plunging rubber prices in central Kerala has dampened the Christmas market in the towns like Kottayam and Pala, the rubber-heartlands of the country. Rubber-growing areas of Kerala account for 90% of the nation’s natural rubber production (7.44 lakh tonnes in…
Malaysian glove makers awaits benefits from strong ringgit
Malaysia’s glove manufacturers are expected to benefit from rise in the ringgit’s exchange rate as rubber gloves sales are mainly transacted in US dollar. The research arm of TA Securities Holdings Bhd (TA Research) said Malaysia’s glove manufacturers face main…
Nakhon Sithammarat rubber planters receives gov’t aid
Over 200 rubber planters in Nakhon Sithammarat Province yesterday received the assistance fund of 1,000 baht per rai as promised by the government . Presiding over the fund handing out ceremony, Lansaka District Chief Kittipan Petchu said a total of…
Thai Deputy Minister hopeful to raise rubber prices by year-end
Deputy Minister of Agriculture and Cooperatives Amnuay Patise is confident that his ministry will be able to raise the price of third-grade smoked rubber sheets to 60 baht/kg by the end of this year. The minister is also preparing to…
Some Kerala rubber farmers miss out expected boom in tyre demand
Several rubber farmers have put away their tapping knives and switched to planting other crops, as ample global supplies and sinking benchmark prices of the tyre-making raw material squeeze their profit margins. But this means local rubber farmers are likely…
American Synthetic Rubber pays penalty due to butadiene leak
A Rubbertown chemical plant has agreed to pay a $27,000 penalty to the Louisville Metro Air Pollution Control District. District officials brought the enforcement action against American Synthetic Rubber Co. after documenting multiple excess releases o fbutadiene and toluene on…
Cooper’s legal battle with Apollo dismissed by Delaware Chancery Court
Cooper Tire & Rubber Co. says it is “pleased” its legal battle with Apollo Tyres Ltd. is over. The Delaware Chancery Court dismissed the Cooper’s lawsuit against Apollo last week. Cooper also says it plans no further claims against Apollo.…
Thai DOAE improves rubber farmers compensation payment procedure
The Department of Agricultural Extension (DOAE) has adjusted its procedure on the payment of compensation to rubber farmers, allowing the latter to receive the payment faster. At least 300,000 of them are expected be paid by the end of this…