In 2018, the German plastics and rubber machinery manufacturers generated a turnover plus of 2% again compared to the previous-year period. “The growth rate of 3% originally predicted for 2018 could not be reached. Nevertheless, we are pleased about the positive all-year results as in particular towards the end of the year, deterioration of the market became already apparent”, explains Ulrich Reifenhäuser, Chairman of VDMA Plastics and Rubber Machinery.
Rubber being harvested at a farm in Ratanakkiri. KT/ Chor Sokunthea The price of rubber has fallen markedly in recent months due to a slowdown in demand in international markets, particularly China. The commodity currently fetches $1,300 per tonne in the local market, a drop of more than $100 compared to last year, according to […]
Vipal Rubber has celebrated the achievements and growth of one of its Monterrey network members in Mexico, Llanco. Recently the retreader opened its second unit in the country, in Nuevo Laredo, in the state of Tamaulipas.
The plant began operations in early May, with a production capacity of up to 2,200 retreads per month. With the new factory’s opening, the retreader expects an approximate growth of 50% in the first year and 100% in the second year.
“Kenda has many tire manufacturing facilities in Asia, we can offer productions from different factories to cover demands from customers in a different part of the world,” Chairman Jimmy Yang said.
President Trump’s announcement by Twitter last week that he was imposing a 5 percent tariff on all goods from Mexico starting June 10 set the auto industry back on its heels, pushed automotive stock market prices lower and triggered a new round of market worries.
US is winning trade war with China…for now – Richard (Rick) Mills The ongoing battle between the United States and China for economic supremacy isn’t only being fought in the gilded ballrooms of Washington, as trade negotiators from either side parry over automobile parts content, intellectual property rights, government subsidies and the like.
European Commission President Jean-Claude Juncker struck a Rose Garden truce meant to clear the way for negotiations to reduce tariffs on industrial goods and eliminate regulatory hurdles, those talks are showing few signs of going anywhere meaningful. European officials have blamed a Trump administration that has had little time for dealing with a bureaucracy in Brussels already held in low regard by many in the U.S. president’s orbit.
According to the ANRPC, in the first quarter of 2019, world natural rubber production fell 5.2%, year-on-year, accounting to 2.989 million metric tons in the winter season, and prevailing low rubber prices for some farmers in certain countries. The new leaf fall disease outbreak in South Sumatra might also have contributed to the drop in […]
Akio Toyoda paused a 60-year-plus history of genteel, go-along-to-get-along relations with the U.S. last week to strongly criticize unprecedented trade actions by the Trump administration that threaten the economic future of his company and other Japanese automakers. But, how do I put this, Toyoda-san? The tone of your strongly worded messages still might have been a bit too subtle to register with their intended target.
Tariffs and trade tensions are pushing U.S. farm-equipment makers into a deeper ditch.
Deere & Co., CNH Industrial NV and other makers of the tractors and combines used to plant and harvest American crops are already facing weak demand from farmers as a result of a five-year slump in the agricultural economy.
That downturn is worsening this year as China buys less soybeans and other crops from the U.S., and manufacturers pay more for the steel and other materials they import to build their machines.
“People just aren’t buying. They’re afraid,” said David Savoie, vice president for Sunshine Quality Solutions, a Deere dealer in Louisiana where sales of big machinery have dropped significantly since last year.