The Tire and Rubber Association of Canada News
KUALA LUMPUR: The region’s top traditional rubber producers – Thailand, Indonesia and Malaysia – believe the current low price of natural rubber (NR) does not reflect the economic fundamentals that affect it. ITRC member countries account for 65% of global natural rubber (NR) production and 72% of world NR exports. A statement issued by the…
Those who are worried the rubber industry doesn’t have enough youth to carry the sector’s torch forward can rest easy. Based on the 28 members of the Rubber & Plastics News Under 40 class, the future of the industry is in good hands.
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.