A number of rubber farmers in Trat Province have been lining up to open new accounts at the Bank of Agriculture and Agricultural Cooperatives (BAAC) in anticipation of the government’s price support of 1,000 baht per rai, with a maximum…
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Indian rubber farmers affected by global oil prices decline
A fall in global oil prices may have brought cheer to the Indian government as well as economists in Asia’s third-largest economy, but rubber farmers here say they are suffering as crude has weighed on other commodity prices. Crude oil…
Indian tyre dealers urges gov’t to cut back prices
With the fall in raw material prices including rubber, All India Tyre Dealers Federation has asked the Government to take steps to roll back domestic tyre prices and to lift anti-dumping duty on imported cross ply nylon fabric truck tyres.…
UAE rubber manufacturer aiming opportunities in Mexico, Panama and Brazil
UAE-based manufacturer Rubber World Industries is targeting opportunities across the Americas, according to managing diretor Rizwan Shaikhani. The company, part of Shaikhani Group’s Rubber World Industries business, is targeting opportunities in Mexico, Panama and Brazil, among other markets, and has…
Tocom and Shanghai futures fell due to lack of buying interest
Benchmark Tokyo rubber futures ended down 1.7% on Tuesday, reflecting sharp falls in Shanghai futures amid oversupply worries. “Both Shanghai and Tocom fell on lack of buying interest,” said a Tokyo-based dealer who declined to be identified. The Asian rubber…
Hankook enhances medium haul truck tyre ranges
Hankook Tire, the leading and one of the fastest growing tyre companies in the world, is further expanding its truck tyre business in Europe by upgrading its range of light to medium duty truck tyres with a special focus on…
Bridgestone inaugurates $1 billion-plus radial OTR tyre facility
Bridgestone Americas Inc. is celebrating its expanded capabilities in Graniteville with the opening of its $1 billion-plus radial OTR tyre plant and an ongoing capacity increase to its existing passenger tyre facility, both located in Aiken County, S.C. “I’m really…
Evonik engaged new pacts to expand distribution of silica products
Specialty chemicals maker Evonik Corp.’s Inorganic Materials Business Unit has inked new agreements with Cary Co. and Dorsett & Jackson Inc., to broaden distribution of Evonik’s silica products in the U.S. Midwest and Western regions, respectively. Cary Co., which previously…
Mitas announces to replace Continental brand name on its agricultural tyres
Tyre Press reports, “At its press conference at the EIMA agricultural show yesterday, Mitas a.s. announced that as of January 2015, it will replace the Continental brand name on its original equipment agricultural tyre products with Mitas branded products. The…
Corning plans to end silicone venture, says Dow Chemical
Bloomberg reports, “Dow Chemical said its partner in a 71-year-old silicone venture that’s on pace for $6 billion of annual sales wants to sell its half of the business, and Dow could be the buyer. Corning Inc. has “more priorities”…