ALOR GAJAH – Rubber Industry Smallholders Development Authority (Risda) is expanding its investment by developing rubber plantations in Myanmar and Laos. Risda Chairman Tan Sri Rahim Tamby Chik said the two countries were chosen as they have ample landbank with…
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Sumitomo’s new tyre plant in Turkey
JAPANESE firm Sumitomo Rubber Industries has recently signed a deal with Petlas Lastik Sanayi ve Ticaret AS to build a US$ 516 million-worth tyre factory in the Central Anatolian province of Çank?r?, urkey. “The priority of our factory in Cankiri…
Malaysian Gov’t to offer perks for automation
The Malaysian Government may offer incentives to Malaysian companies that automate their production , according to Deputy Finance Minister Datuk Donald Lim Siang Chai, adding that they are encouraging automation as it is part of innovation.
Tight rubber supply in India as farmers hold back supplies
In a bid to boost prices of natural rubber, farmers are holding back their supplies , which has adversely caused rubber futures to dip and tyre makers scout overseas for their rubber requirements to avoid surging local prices.
Competition watchdog to penalise tyre makers in cartel
The Competition Commission of India (CCI) will be imposing stiff penalty to tyre manufacturers involved in cartel and will be charging thrice the profit of the ‘erring’ company.
US, China to boost natural rubber production
Opportunities for production and growth in demand for natural rubber are encouraging in view of the improvement in the economic indicators of the US, China, Japan and Europe.
Tyre labeling in EU encourages materials innovation
The the new tyre labeling will affect not only the European market but also the entire global tyre industry, says Lanxess’s Dave Hardy
Malaysian rubber prices expected to remain strong
This extended strong performance is partly brought about by Malaysia as well as Indonesia’s moves to reduce production.
Muffed duty structure hits Indian rubber sector
The duty on input rubber is higher than on tyre and non-tyre rubber products, making it cheaper to import finished products than raw materials.
More tax incentives for gloves sector in the 2013 Budget – Margma
The Malaysian Rubber Glove Manufacturers Association looks forward to seeing more tax incentives including reinvestment allowance and pioneer status for the rubber glove industry in the 2013 Budget.