THAILAND, the world`s largest producer and exporter of natural rubber, may cut down 500,000 rai (80,000 hectares) of rubber trees this year to help boost prices, deputy farm minister Nattawut Saikuar said today. The plan would reduce supply by about…
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Thai Govt to buy 7% of the annual rubber output in Q1 2012
BANGKOK – In order to raise the rubber price, Thai Government plans to buy nearly 7% of the country’s annual production in first quarter of 2012, but according to analysts, this could end up creating a mess causing huge stocks…
Dunlop India in liquidation process
A CALCUTTA court order of liquidation means that tyre maker Dunlop India’s Sahaganj unit will cease to exist. Work at the firm’s plant was suspended last year over alleged trouble on its premises. The firm had bought tyre machinery but…
Yokohama re-starts plan to build Indian plant
JAPANESE firm Yokohama Rubber is investing 4.4 billion yen to construct a passenger car tyre plant in Delhi, India. To start up by 2014, the first phase will have a capacity of 700,000 tyres/year. The project has been on hold…
Kraton and Formosa tie-up for HSBCs
US-based styrenic block copolymers producer Kraton Performance Polymers has formed a 50:50 joint venture with Formosa Petrochemical to construct the previously announced 30,000-tonne hydrogenated styrenic block copolymer (HSBC) plant in Mailiao, Taiwan. It will start up by 2014. Kraton says…
SRIB denies allegation of unfair rubber prices
KOTA KINABALU – The Sabah Rubber Industry Board (SRIB) has refuted allegation by the representative of the rubber smallholders association that rubber prices paid to smallholders in the state were not reasonable. SRIB general manager Datuk Harris Mathews recently said…
High-yield rubber to the fore
LONG PELUAN -High-yield rubber cultivation scheme under Rural Transformation Programme is expected to be the socio-economic transformer for the rural communities in Long Peluan and Long Beruang in Baram. Launched by Deputy Prime Minister Tan Sri Muhyiddin Yassin recently, the…
Olam to plant rubber in Gabon
SINGAPORE-based Olam International, a global, integrated supply chain manager and processor of agricultural products and food ingredients, is partnering with the Government of the Republic of Gabon to develop 28,000 ha of rubber plantations in Gabon in Phase 1. The…
Wacker expands Korean technical centre
It has completed the expansion and relocation of its technical laboratories and offices in South Korea…
Bridgestone wins lawsuit against Chinese firm
A legal squabble stemming from design patent rights violation has finally been settled…