The government of Thailand is still deciding whether or not it will extend its rubber intervention scheme when it expires in March; stocks in the world’s biggest producer of the commodity are likely to rise until then, a senior official said.
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Bridgestone to open Thai technology centre
Bridgestone Corp. plans to establish a US$42 million technical centre in Bangkok this year to cover development work for the firm’s activities throughout Asia Pacific. The centre will be operational by July under the direction of Bridgestone Asia Pacific Pte. Ltd.
Cambodia rubber exports climb 17% in 2012
Cambodia recorded a 17% rise in rubber latex exports in 2012; however, the revenues from the exports went down by 21% due to declining rubber prices in the international market, a recent government statistics showed.
Top Glove to boost annual production to 45.1 billion gloves
Top Glove Corp Bhd aims to increase it total volume of production by ten percent this year via its capacity expansion of 52 production lines by August. Top Glove managing director, K.M.Lee said the ten percent target for this year is is quite substantial for the company.
Bus tyre contract for Goodyear
Goodyear has secured a sales contract with bus and coach operator, Sales-Lentz. Goodyear introduced Marathon Coach and Ultra Grip Coach tyre winning the contract with the Luxembourg-based company Sales-Lentz, which was involved in the field trials of new tyres and had equipped 22 coaches and buses for touring and local operations at the end of 2012.
Rubber prices rise after four day drop
Rubber advances following a drop in prices to a one-week low and crude oil near the highest level since September boosted the appeal of the commodity used in tyres.
European replacement tyre market contracts
The European Tyre and Rubber manufacturers association published today figures concerning its members’ sales in 2012. After two consecutive positive years – in which the total market expanded despite a decrease of European producers’ market share – the EU producers’ figures dropped in 2012, confirming that the economic crisis is far from being over.
Conti LifeCycle expands in the US
Continental Tire Americas’s Commercial Vehicle Tyre Business Unit has expanded its ContiLifeCycle footprint to the west coast of the US with a new licensee. Rovince International Corp. in Compton, California, is the latest retreader to adopt the ContiLifeCycle process.
Continental exceeds 2012 sales
In the past fiscal year, Germany-based automotive supplier Continental again exceeded its targets and despite slumping automotive markets in Europe, the firm boosted its 2012 sales by more than 7% to approximately EUR32.7 billion.
Apollo sets up R&D in Europe
Indian tyre maker Apollo Tyres has opened an R&D centre in Enschede, the Netherlands, which will serve as a hub for the development and testing of car and van tyres for its Apollo, Vredestein and Dunlop brands. The Apollo Tyres Global R&D will start operations with more than 100 people from various parts of the world, including 20 car tyre specialists from India and South Africa. It will later be scaled-up to nearly 150 people.