The Sri Lankan government is planning to increase annual rubber production by a further 50,000 tonnes by expanding new plantations, providing better incentives to growers and employing sophisticated manufacturing systems. Plantations Industries Minister Mahinda Samarasinghe said his ministry has planned…
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Tyre Industry: Speeding up towards sustainability
Amid environmental issues over rising carbon emissions, the rubber/tyre sector is stepping up ...
Debica Cuts Production on Goodyear Order
Poland’s TC Debica S.A. is reducing production of passenger and farm tires. Majority owned by Goodyear Tire & Rubber Co., the reduction marks the second time this year that TC Debica cut tire production. Goodyear’s order cuts came due to…
Kumho Tyre to work with Qingdao University
Kumho Tyre China and the Qingdao University of Science and Technology signed a strategic cooperation agreement. According to the university, under the new agreement the two entities will increase their joint work in a number of areas. Graduate students will…
China buys SMR20 rubber at lowest prices since late 2009
China bought several cargoes of Malaysian rubber after prices plunged to the weakest in more than two years, raising hopes the world’s largest consumer will step up purchases and turn to other grades too, dealers said on Wednesday. SMR20 was…
Nexen South Korea facility opens
The new factory is of pivotal importance to Nexen Tyre’s growth strategy: by the year 2017, Nexen Tyre intends to be ranked amongst the top 10 tyre manufacturers globally.
Stamford Tyres reports earnings up 41.4% in 2011
Stamford Tyres announced that its net profits for the year ended 30 April 2011 jumped 41.4% to SGD13.3 million off the back of “better sales mix of high performance tyres and earthmover tyres.” According to the company, this combination of…
Sabic and ExxonMobil to proceed with elastomers project in Jubail
The expansion will employ the latest proprietary processes and product technologies to meet the growing global demand for specialty elastomers
Bridgestone in the second half will continue to cut
In view of the debt crisis of the European market and the weak market demand in China, Bridgestone Tyre company will continue production in the second half of this year. Bridgestone Tire Company, said: “As the European market demand for…
Thai govt says bought 10,000 tonnes rubber in intervention
The Thai government has bought around 10,000 tonnes of rubber sheet from farmers in an intervention scheme to prop up prices, the deputy agriculture minister said. “Now we have around 10,000 tonnes of rubber in stocks and I will be…
Weak natural rubber consumption foreseen
Since January 2011, global consumption of natural rubber consumption went down, according to the Centre for Monitoring Indian Economy (CMIE). The main reason for the drop in consumption is due to the weak demand from the tyre industry. Since April…