Kumho Tire, Korea’s major tyre manufacturer, has introduced tyres for winter to help motorists steer their vehicles on snow-covered or icy roads. The company said its winter tyres are designed and manufactured for unexpected, harsh road conditions, stressing that motorists…
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Smaller rubber glove makers in Malaysia faces headwinds
THE rubber glove industry is facing some headwinds as declining average selling prices crimp revenue and stiff competition compress margins, resulting in depressed earnings for some players in the industry. On top of that, the recent hike in natural gas…
AFET reports rubber price should rebound in 2015
The Agricultural Futures Exchange of Thailand (AFET) predicts rubber price should rebound to at least 60 baht per kilogram next year due to both internal and external supporting factors. AFET president Wiwat Teerawanichpong said the rubber price this year remains…
Unsteady Asian rubber prices obstructs sales
Asian rubber producers were reluctant to sell this week because of depressed prices and interest centred on the sale of rubber stockpiles by top producer and exporter Thailand. The stockpiles have been hanging over the market at a time when…
Nokian Hakkapeliitta R2 wins tyre test
The Nokian Hakkapeliitta R2 winter tyre is excellent on ice and snow, Auto Motor und Sport (10/2014) writes. In comparison test the Nokian Hakkapeliitta R2 was the supreme champion of winter conditions. It got the fastest speed on ice (51…
Thai gov’t suspends draft rubber law debate
Thailand’s government postponed debate on a draft rubber law on Thursday after coming under pressure from rubber farmers’ groups to scrap the law, the deputy agriculture minister said. The draft aims to set up a Rubber Authority of Thailand that…
Skellerup gets approval for new rubber products plant in Wigram
Skellerup Group’s $50 million plan for a new rubber products plant was given final consents today. Chief executive David Mair said while the building should be finished by December 2015 but a move from the existing Woolston site might not…
Weak rubber prices benefits tyre makers
Shares of tyre makers rise on weak natural rubber prices and increased auto sales. Demand from auto companies expected to accelerate, traders say, citing revival in passenger vehicle growth. Demand recovery is expected in passenger vehicles over the next six…
China rubber products demand expected to boost
Demand for rubber products in China is projected to grow 8.8 percent per year to 740 billion yuan in 2017. Advances will be supported by healthy growth in manufacturing, especially in the industrial machinery and motor vehicle industries. Rapid expansion…
Capitol reports safety recall of Precision Trac II tyres
ITG Voma Corp., manufacturer of Capitol brand tyres, is recalling certain Capitol Precision Trac II tyres because they may experience tread separation. The 94,890 potentially affected tyres are sizes 245/70R17, 235/70R16, 235/75R15, 245/70R16, 245/75R16, 255/70R16, and 265/75R16 and were produced…