Tyre makers continue to import rubber as the prices for rubber in the local market soars high.
Styron opens its new production line for Solution Styrene Butadiene Rubber to add 50,000 metric tonnes of production to its production plant in Schkopau, Germany.
China, India and other exporters of rubber and tyre makers continue to buy rubber despite of the prices going down.
Bridgestone is developing a sustainable tyre to lessen the negative effects of tyre fire to the environment.
Apollo Tyres, the largest tyre manufacturer in India is processing its acquisition of another tyre manufacturing company, Cooper Tyre & Rubber Company.
Goodyear Tyre & Rubber Co. is planning to cut down its rubber tyre production in its Fayetteville plant to answer the demands of the industry.
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.
Chinese tyre maker Shangdong Linglong Tyre Co. Ltd. will be building a new manufacturing facility in Hemaraj Eastern Seaboard Industrial Estate, Rayong Province, Thailand.
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.
Tyre manufacturers have increased their cost as the rubber prices are sent back to the bull market.