OSAKA – Daihatsu Motor Co. said it will invest about 5 billion yen to set up a plant in southwestern Malaysia to manufacture automatic transmissions for vehicles. The Japanese automaker aims to start operating the plant in Negeri Sembilan in…
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Indonesia 2012 rubber output may fall to 3m tonnes
Indonesia’s natural rubber output may fall to 3 million metric tonnes this year from 3.1 million tonnes last year as heavy rain reduced tapping, according to Asril Sutan Amir, chair of the Rubber Association of Indonesia. Exports may decline to…
Pirelli puts a new spin on rubber with PZero motorcycle boots
ITALIAN tyre maker Pirelli is putting a different kind of rubber to the road with a new biker boot from its 10-year-old fashion brand, PZero. Inspired by the company’s performance tyres and designed in collaboration with high-end shoe designer Diego…
Rubber climbs to 5-month high on declining supply, Greek bailout
RUBBER extended gains for a fourth day and reached the highest level in five months amid declining supply in Thailand and after Europe agreed on a second bailout for Greece. The July-delivery contract advanced 2.8% to settle at 337.6 yen/kg…
Rubber trade with China booms: Vietnam
HO CHI MINH — Unofficial, small trade border transactions continue to flourish in Vietnam’s rubber export to China although their number has fallen recently, industry insiders say. Rubber demand and prices have increased in the first months of this year,…
RM26m for rubber replanting
LUNDU -The Rubber Industry Smallholders Development Authority (RISDA) has targeted to replant 5,000 ha of old rubber plantations in Sarawak with the latest high-yield rubber clones this year. Chairman Tan Sri Rahim Tamby Chik said the agency had allocated RM26.5…
Honda announces changes to its U.S. executive leadership
US – Honda recently announced several U.S. management changes “designed to strengthen its North American regional operations to further speed decision-making and increase efficiency and competitiveness within the region.” Tetsuo Iwamura – president of American Honda Motor Co. Inc., chief…
JD Power raises 2012 US auto sales forecast to 14 mil
DETROIT – The U.S. auto industry is poised to show the best year since 2007, J.D. Power and associates-LMC Automotive said on Thursday, and raised their 2012 U.S. auto sales forecast to 14 million vehicles, up from 13.8 million vehicles.…
Ford faces China hurdles
Ford Motor Co. is facing stiff industry-wide regulatory obstacles to future growth in China, even as the auto maker launches a US$490 million plant to boost its presence there. The plant opened Friday in the southwestern Chinese city of Chongqing—its…
Asian physical rubber prices- Feb 27
BANGKOK – Asian physical rubber prices were little changed on Monday; a drop in Tokyo rubber futures weighed on the market but supply from major producing countries remains limited, which provided support, dealers said. Prices of Physical Rubber Compared to…