The national government of China and India lose US$ 80m every year due to unscrupulous players in the tyre manufacturing industry that smuggle used tyres.
Asian synthetic rubber industry is expected to regained its place as the car manufacturing industry improves leading to an increase in the demand for synthetic rubber used in manufacturing tyres.
The new regulations in tyre production of some countries that uses synthetic rubber encourages the use of eco-friendly tyres.
Kamarul Baharain Basir, the Secretary-General of the Association of National Rubber Producing Countries, said that the rubber supply around the world has increased to 4.7 percent while the demand has increased to 4.8 percent.
The German specialty chemicals company Lanxess has announced its mid-term goal to achieve its target earning by one year.
The Philippine government is widening its rubber plantation by acquiring 10,000 hectares of land each year to achieve the target of 200,000 hectares of rubber plantation by 2016.
Thailand approves additional budget to buy more rubber from local farmers to aid in boosting the price of natural rubber in the market.
The Rubber Industry Smallholders Development Authority (RISDA) has received RM397 worth of budget to replant rubber trees and boost the country’s production of natural rubber.
German speciality chemicals company Lanxess has shown its expertise in product innovation for synthetic rubber with its latest concept tyre. This tyre is amongst the first to be introduced that would get the AA rating under the…
Top Glove’s Founder and Chairman, Tan Sri Lim Wee Chai talks with Rubber Journal Asia about the company’s business movements to expand its capacity and achieve the aim of 30% of the global market share by 2015.