The Tire and Rubber Association of Canada News
Malaysian Rubber Board (MRB) has said that the Natural Rubber (NR) market sentiment is expected to improve in the near term in line with the anticipation of global economic growth. In its June 2017 NR market review, MRB stated that the physical rubber market will continue to be influenced by rubber futures markets.
BEACHWOOD, Ohio—An Indian materials firm has hired a rubber industry veteran to help the company introduce its line of fluoroelastomers into North America.
The Tire and Rubber Association of Canada, (TRAC) held its biennial Tire & Rubber Summit on June 19 and 20 in King City, Ont. The precursor of the Summit dates back more than 30 years, and its core value remains constant to this day—bring together C-level executives to reveal latest trends, collaborate, and address key issues and developments affecting the global tire industry with the spotlight on Canada.
“Canadian manufacturers and suppliers face profound challenges brought on by global economic and political changes,” says Glenn Maidment, President of the Association. “The NAFTA renegotiation undoubtedly represents the core sign of times of the global challenges facing Canada. But trade agreement between Canada and the E.U., as well as potential agreements within Mercosur in South America, and a pivot toward China cannot be discounted when it comes to their potential profound effect on Canada. We want to create conversation on how such fundamental changes challenge not just how the tire and rubber industry approaches business, but how we approach business in Canada.”
Regarding international trade and NAFTA, McMaster University’s Automotive Policy Research Centre discussed the deep integration of the automotive sector throughout United States, Mexico and Canada, and Royal Bank of Canada provided
Asia BD price drop… Nike sales… Clariant-Huntsman link-up… Michelin buys wine reviewer… Conti acquires… Eversafe Rubber… SKF sued ?… Firestone leak… UK down… Kumho limbo… Thai NR…
Although Viet Nam is the world’s third largest exporter of natural rubber, businesses still have to import rubber raw material to meet the demand for production and processing. Tyre produced at the Southern Rubber Industry Joint Stock Company in Dong Nai Province. According to the Viet Nam Rubber Association (VRA), most of the materials are …
Summary of Latest News and Events in the Global Rubber Industry …
June
21/6 Indonesian authorities are unfazed by a recent drop in natural rubber prices as market fundamentals remain strong, Reuters has reported. According to…
Gobal demand for natural rubber is on the rise – clocking a growth rate of 4.1% in 2016. Over 70% of the world’s natural rubber goes into the making of tyres. Today, India is the 2nd largest consumer; and the 5th largest importer of natural rubber in the world.
Interestingly, nearly all of the natural rubber we use comes from tree plantations in mainland Southeast Asia – 90% of all natural rubber produced in the world today is grown in this region.
Sadly, as a result of this tremendous growth in natural rubber and other commodities, the Southeast Asian countries like Cambodia, Malaysia, Vietnam, and Laos have experienced some of the highest rates of forest loss in the world. Cambodia alone logged the world’s fastest rate of deforestation in 2014, where much of this forest was replaced by rubber. By 2050, the area of land dedicated to such farming systems could more than double or triple. India imports natural rubber from some of the most high conservation value landscapes in Southeast Asia.
Transforming the global rubber and tire supply chain to create lasting, environmentally sound sustainable rubber production requires a collaborative approach. Through an industry-first commitment to sourcing sustainable natural rubber in its tires, General Motors is helping drive the industry toward net-zero deforestation and uphold human and labor rights.
Join us on June 19th and 20th in King City, Ontario, to explore the latest developments in the Canadian tire and rubber industry.
These are tumultuous times for international trade, so it’s no surprise that the Summit 2017 will focus on the questions of trade, as the Canadian rubber manufacturers and suppliers face profound challenges brought on by global economic and political changes.
As NAFTA comes under fire, the Canadian industry is inundated with trade agreements between Canada and E.U., and potential agreements with South America (Mercosur) and a seeming fast-paced pivot to China, with others coming on soon.
With NAFTA renegotiations underway, the U.S. is raising prospects of a border tax on automotive products, and disregarding how deeply integrated the automotive industry is across North America, causing a major concern for the automotive industry, a principal industry for tire and rubber manufacturers.
Tire & Rubber Summit 2017 comes at a critical time and may be the perfect anecdote to make sense of it all with learned colleagues and expert panelists to discuss the major issues and challenges affecting our businesses, our market and our country.
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Read the source article at Home – Rubber Association of Canada
Thailand, Malaysia and Indonesia are cooperating to ensure stability of world rubber prices, which continue to fluctuate after signs of recovery.
Titus Suksaard, governor of the Rubber Authority of Thailand, said the three countries, which account for 70% of the world’s natural rubber supply, recently held a meeting to discuss the situation.
They agreed that rubber prices will continue to rise because of several factors, including lower supply due to heavy rainfall and flooding in the South of Thailand. However, the big players in the natural rubber industry see prices as still volatile.
As a result, the three countries have agreed to increase domestic demand as much as possible. They will meet again in July to discuss the issue again and see whether prices are still fluctuating; if so, the group might consider controlling rubber exports to tamp down prices.
Malaysia, Indonesia and India implemented policies to reduce rubber plantations in a bid to curb production and boost market prices, said Mr Titus.