Sumitomo Rubber sets up rubber procurement company

After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.

Read the source article at Tyrepress

Ivory Coast’s rubber output jumps 25% in 2019

Ivory Coast is Africa’s top natural rubber exporter and the seventh largest producer in the world. New plantations have proliferated as farmers switch from cocoa to rubber in search of more stable incomes.

Akpangni Attobra, APROMAC’s general secretary, told Reuters on Wednesday that output will keep rising and should reach 950,000 tonnes in 2021.

Read the source article at Stock Market Quotes and News

Rubber long and short double washing rises unchanged

The main reason for the stagnation of rubber prices is that the contradiction between supply and demand is not sharp enough to make prices soar. The current price level basically reflects the favorable factors in the early stage. The drought has lasted for a long time, and it has not been raining in central and […]

Read the source article at Global Rubber Markets News

New tire testing equipment installed at Smithers Ohio facility

New equipment to measure a tire’s footprint, load deflection, and inflation pressure loss rate has been installed at the Smithers Rapra Tire and Wheel Test Center in Ravenna, Ohio, USA.

Custom made, the footprint and load deflection machine is designed to shorten testing lead times and support clients’ evolving data requirements.

Read the source article at Tire Technology International

Global rubber demand to recover in 2020

KUALA LUMPUR, Malaysia — World demand for rubber is expected to grow 2.6% in 2020 after falling an estimated 1.5% last year from 2018, new figures from the International Rubber Study Group show.

Read the source article at Tire Business

It is not easy to lift the bottom of the rubber out of the mud

Although the price of rubber prices is not easy to rise, the bottom may rise: the supply and demand structure in 2020 has not yet undergone a substantial change, and it is not easy for a sustained offensive increase. But the bottom may rise upwards: previously seen bottom opportunities may be difficult to see.

Read the source article at Global Rubber Markets News

Halcyon Agri launches Bounce sustainable rubber movement

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SINGAPORE — Natural rubber giant Halcyon Agri Corp. Ltd. has launched Bounce, which it said is a movement to drive industry and consumer change for an equitable, sustainable natural rubber industry.

Read the source article at Tire Business

Thailand aims to reduce rubber plantations, ramp up value of exports

BANGKOK, Dec 4 (Reuters) – Thailand’s cabinet has approved a 20-year plan to slash rubber plantations by 21% nationwide and increase the value of rubber exports by more than threefold, a government spokeswoman said on Wednesday.

 

Read the source article at reuters.com

ITRC moots exports curbs, again

The International Tripartite Rubber Council (ITRC) is planning another exports control to stabilise rubber prices, a Reuters report said. The council includes Thailand, Indonesia and Malaysia.

The ITRC said 2019 rubber production was expected to fall by 800,000 tonnes due to an outbreak of the Pestalotiopsis fungal disease, erratic weather conditions and sluggish tapping activities after a prolonged spell of low prices.

Read the source article at Rubber Asia

IISRP to Honor Dr Gary M Marsh

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The International Institute of Synthetic Rubber Producers (IISRP) will honor one of its outstanding technical leaders  Dr. Gary M. Marsh at its next Annual General Meeting (AGM). He will receive the prestigious Institute Technical Award. The Award will be presented during the 61st AGM of the IISRP in Bangkok, Thailand on May 12, 2020.

Read the source article at Rubber Asia