KARACHI – Cement manufacturing companies have suggested to the National Tariff Commission an exemption from the levied custom duty on rubber tyre scraps. Cement industry sources told that currently 20 custom duties levied on the imported tyre scraps, while the…
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Tyre Industry: Speeding up towards sustainability
Amid environmental issues over rising carbon emissions, the rubber/tyre sector is stepping up ...
Rubber prices in Thailand, world’s biggest producer, hit record high
Rubber prices in Thailand, world?s biggest producer, hit record high at Hat Yai trading market as high demand from China continues; smoked rubber sheet trades at Bt153/kg. Source: Thailand Times
New publication on rubber off the press
MANILA, Philippines – A “Technoguide on Diseases of Rubber and their Management” is off the press. The volume was written by Dr. Noemi G. Tangonan, head of the Plant Pathology Research Laboratory of the University of Southern Mindanao-Crops Research Division…
Rubber stocks gain on customs duty abolish news
FINANCE Ministry may abolish customs duty on rubber up to 1 lakh tonne, according to CNBC-TV18. The Commerce Ministry has proposed removal of 20% duty on the commodity likely due to rising domestic rubber prices. Ceat touched an intraday high…
First harvest from rubber project in Ulu Tongod FMU
TELUPID, Sabah – A rubber planting pilot project in the Ulu Tongod Forest Reserve jointly implemented by the Sabah Forestry Department and TSH Resources Bhd eight years ago has started bearing fruit with the first official harvest made recently. Sabah…
Vystar Corporation signs LOI to merge with EcoGlove Asia Pacific Sdn Bhd
ATLANTA, GA – Vystar Corporation, the creator of Vytex Natural Rubber Latex (NRL), a patented, all-natural raw material that significantly reduces antigenic proteins found in natural rubber latex, has signed a Letter of Intent (LOI) to merge with EcoGlove Asia…
Latexx’s due diligence on YTY almost over
KUALA LUMPUR – Latexx Partners Bhd is poised to complete a due diligence on YTY Industry Holdings Sdn Bhd by as early as next month, says chief executive officer Low Bok Tek. “It should be completed by the end of…
Rubber industry welcomes CP involvement
RUBBER experts have welcomed the move by CP Group to enter the industry extensively, saying the presence of the agribusiness heavyweight would create more competition and benefit the industry as a whole The bright outlook in the next few years…
Goodyear closes Tennessee plant early
Goodyear Tire & Rubber Co. said Monday that it has stopped production at its tire manufacturing facility in Union City, Tenn. The tyre maker announced plans in February to close the plant by the end of the year, but said…
Apollo lands in Sri Lanka and the Middle East
TO get a foothold in the Sri Lankan market, India’s largest tyre manufacturer Apollo Tyres has tied up with Ideal Motors, the automotive distribution and marketing arm of Ideal Group. One of Sri Lanka’s fastest growing automotive majors with a…