Tag: COVID-19

Covid-19 resurgence, vax rollout affect NR demand-report

Return to lockdowns muddle shipments, rubber demand according to the latest report by the ANRPC (The Association of Natural Rubber Producing Countries) published June 1-15, natural rubber (NR) prices in key futures and physical markets declined during the first half…

GITI Tire in Covid-19 fund misuse allegation

The United Steelworkers (USW) earlier called out Giti Tire for “misspending millions in Covid-19 stimulus funds”. The group, one of South Carolina’s largest unions and representing 850,000-workforce in metals, mining, pulp and paper, rubber, chemicals, glass, auto supply, and the energy-producing…

Outlook for European tyre sector worrying, ETRMA says

Against the back of the impact of Covid-19, the European Tyre and Rubber Manufacturers’ Association (ETRMA) says demand for passenger vehicle tyres is expected to fall due to limited transit demand and authorities in several states restricting citizens to limit contacts…