THAILAND – Many farmers, lured by hearty annual returns of 800,000 baht per 20 rai, have abandoned rice for rubber farming across the North, Northeast and East. Some formerly debt-ridden landowners have been able to pay off their loans after…
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Tyre Industry: Speeding up towards sustainability
Amid environmental issues over rising carbon emissions, the rubber/tyre sector is stepping up ...
Ford recalls 450,426 Minivans and SUVs
MICH., U.S. – Ford Motor Co. said recently that it’s recalling nearly half a million minivans and SUVs because of a pair of mechanical issues. The Dearborn, Mich.-based automaker is recalling 205,896 Freestar and Mercury Monterey minivans made during the…
Pirelli targeting even more entertainment with 2012 tyres
AHEAD of their second season as Formula One’s sole supplier, Pirelli have presented the new tyres that will be used in 2012. The key characteristics of the new rubber – developed together with the teams in response to the latest…
Surplus production to put pressure on natural rubber prices in 2012
JAKARTA – Natural Rubber is expected to move from deficit to surplus in 2012, which would put downward pressure on prices. The global surplus rubber is estimated at 413,000 tonnes in 2012 from 87,000 tonne shortage in 2011, slowing growth…
Rubber Research Group, Limited announces LoI to purchase Hi-Tek Rubber
MN, U.S. – Rubber Research, Inc., a wholly owned subsidiary of Rubber Research Group, Limited (RRG) is pleased to announce the signing of a Letter of Intent with Hi-Tek Rubber, Inc. This letter confirms the intent of RRG to purchase…
Rubber set for best weekly gain in 3 years on growth
RUBBER climbed, heading for the best weekly gain in three years, amid optimism about economic growth after U.S. jobless claims dropped to the lowest level in almost four years and Spanish and French borrowing costs fell. June-delivery rubber climbed as…
Sri Lanka’s rubber traders face slow start in 2012
COLOMBO – Traders in the world’s seventh largest natural rubber exporter Sri Lanka fear that volumes for the first quarter may be low after the first auction in the new year failed to brighten prices, an official said here recently.…
Indonesia’s 2012 rubber production growth may slow on weather
INDONESIA – Natural-rubber production in Indonesia, the second-largest grower, may increase at a slower pace this year as a moderate La Nina potentially disrupts tapping even as more trees are maturing, an industry group said. Output may rise 6.5 %…
Malaysia eyes India’s rubber automotive parts market
NEW DELHI – Malaysia, the world’s fourth largest natural rubber producer, now aims to sell rubber automotive parts in India’s vibrant automotive segment. Malaysian exporters are trying to squeeze into India’s already congested market, but are confident their quality products…
Rubber may drop ‘sharply’ through March, Goldman Sachs says
THAILAND – Rubber may decline “sharply” through March as the end of the low-production season in Southeast Asia approaches and demand stays weak in China, the biggest consumer, said Goldman Sachs Group Inc. Prices have been “artificially inflated” after Thailand,…