MIIT predicts the auto volume will fall after rise

In the official document from Chinese Ministry of Industry and Information Technology(MIIT) in 30th December, it is predicted the auto volume will be fall after rise and new energy model will be the highlights. In the first 11 months of 2013, the sales & production volume had exceeded the data of last year. The relevant data is as follows, production&am

Source: 中国橡胶网

2014/01/07

2013 Year in Review: January through March

The rubber industry was an active sector during 2013. There were acquisitions and expansions, along with court battles, price-fixing charges and a relatively calm round of master contract negotiations with the top three tire makers and the United Steelworkers union. At the center of it all, though, was the planned purchase of Cooper Tire & Rubber Co. by

Source: 中国橡胶网

2014/01/06

Mesnac signs agreement with Hankook subsidiary

Mesnac Co. Ltd. has signed a strategic cooperation agreement with emFrontier Inc., a subsidiary of Hankook Tire Co. Inc. The two parties will work together in the fields of IT solutions, factory automation and logistics automation. Zheng Jiangjia, executive vice president of Mesnac, said the firms first will work on IT solutions. EmFrontier offers supply c

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2014/01/03

Cooper terminates merger agreement with Apollo

Cooper Tire & Rubber Co. has terminated its merger agreement with India's Apollo Tyres Ltd. after six months of disputes and court battles. The move comes a day before the merger pact's deadline for Apollo to terminate the agreement if the parties have not concluded the negotiated terms satisfactorily. "It is time to move our business forward,&q

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2014/01/02

China natural rubber prices on December 31

Commodity Sectors Price Date Natural rubber Rubber & plastics 17642.86 2013-12-31 Natural rubber Rubber & plastics 17678.57 2013-12-30

Source: 中国橡胶网

2013/12/31

Rubber drops from concerns of China's slowing demand

Rubber dropped, paring an earlier advance, amid concern that demand in China may slow while a global surplus of the commodity used in tires widens. The contract for delivery in June on the Tokyo Commodity Exchange dropped to close at 272.3 yen a kilogram ($2,607 a metric ton), retreating from a high of 277.8. Futures have dropped 10 percent this year. A glo

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2013/12/30

Rossini sets up a rubber roller factory in Pune, India

Rossini, the Italian manufacturers of rubber rollers, sleeves and mandrels for flexography and gravure presses, has set up a new manufacturing plant in Pune. The 8,000 sq/m factory based out of Chakan near Pune, will be operational from May 2014. Mumbai-based Scanvik Packaging, the Indian representatives of Rossini since 2000, will look after the sales and m

Source: 中国橡胶网

2013/12/27

Auto Manufacture and Sales Volume Expected Over 21 Million

China auto manufacture and sales growth has chance to exceed 10%. According to its volume, it will reach 21 million.” said China Auto Industry Association. “From Jan to Oct this year, auto manufacture and sales national wide reach 17.8 million. Oct single month manufacture and sales has reached as high as 1.9 million. According to tendency years

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2013/12/26

Congressmen back Cooper's rights in China

A group of six U.S. senators and four congressmen from Ohio, Arkansas and Mississippi is urging U.S. trade officials to protect the interests of Cooper Tire & Rubber Co. in China, where a strike by workers at Cooper's Chengshan (Shandong) Tire Co. Ltd. venture is jeopardizing the tire maker's ability to close a $2.5 billion merger with India's Apollo

Source: 中国橡胶网

2013/12/25

Indonesian group calls for NR production cut

Daud Huani Bastari, chairman of the Indonesian Rubber Association that’s also known as Gapkindo, is calling on natural rubber (NR) producers in Indonesia and elsewhere to cut NR production by 10 percent in an effort to shore up prices. According to news reports from Jakarta, Mr. Bastari said Dec. 3 he had sent a letter to Gapkindo members urging them

Source: 中国橡胶网

2013/12/24

Five Standards in China Rubber Industry Approved by MIIT

On October 17, Ministry of Industry and Information Technology of China (MIIT) published 811 industrial standards (No. 52 Announcement in 2013), in which 5 standards including Light V-belt for Agricultural Machinery were involved in rubber industry. All of the standards will be implemented on March 1, 2014. Stan

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2013/12/23

China's Bohai exchange to launch rubber trading in yuan

China's Bohai Commodity Exchange, a local government-backed online trading platform for spot commodities, plans to launch cross-border trading in yuan for natural rubber and iron ore. It announced the plans in Hong Kong during a roadshow to promote the new trading system, an exchange official said in an interview. In April, the exchange became China's fir

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2013/12/20

China natural rubber prices on Decembe 16

Commodity Sectors Price Date Natural rubber Rubber & plastics 18021.43 2013-12-16 Natural rubber Rubber & plastics 18057.14 2013-12-15

Source: 中国橡胶网

2013/12/17

ZF Friedrichshafen sells it rubber and plastics business unit to TMT of China

Shanghai-listed Zhuzhou Times New Material Technology Co., Ltd. (TMT) signed an agreement with ZF Friedrichshafen AG to acquire its rubber and plastics business unit. The rubber and plastics business unit will be carved out and transferred into a new company. TMT and ZF will ensure that all legal and contractual requirements are met and safeguard the transi

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2013/12/16

Rubber Advances to Two-Month High as Demand in China May Climb

Rubber gained to the highest level in more than two months as credit data signaled that demand will increase in China, the world’s largest buyer of the commodity used in tires. The contract for delivery in May on the Tokyo Commodity Exchange rose as much as 1.1 percent to 282.8 yen a kilogram ($2,757 a metric ton), the highest level for most-active fu

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2013/12/13

Fiat, GAC near deal on site for Jeep plant

Fiat S.p.A. and its Chinese partner are near a deal to begin producing Jeeps in China for the first time since 2006 after they compromised on the plant's location, said two people familiar with the negotiations. Fiat, which had sought to make Jeeps near its own facilities in China, recently agreed to locate the factory near Guangzhou Automobile Group Co.'

Source: 中国橡胶网

2013/12/12

China natural rubber prices on December 10

Commodity Sectors Price Date Natural rubber Rubber & plastics 17907.14 2013-12-10 Natural rubber Rubber & plastics 17892.86 2013-12-09

Source: 中国橡胶网

2013/12/11

Maxxis to build tire plant in Indonesia

Taiwan’s Cheng Shin Rubber Co. Ltd. is moving ahead with plans for a plant in Indonesia, budgeting $320 million for a passenger and motorcycle tire factory in the country’s Karawang area. Cheng Shin, which does business as Maxxis International, expects the plant’s construction to take 12 to 18 months and be completed in the second half of

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2013/12/10

Minnesota Rubber & Plastics set to close factory

Quadion Corp., which does business as Minnesota Rubber & Plastics, plans to close its Watertown, S.D., facility by the fourth quarter of 2014. The Minneapolis-based company said it has significant excess capacity in its worldwide manufacturing operations, and that the Watertown plant is located in an aging building, which was built in 1966, with antiqua

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2013/12/09

Yokohama and Kumho reach MOU on technology exchange and capital alliance

The Yokohama Rubber Co., Ltd., announced that the company and South Korea’s Kumho Tire Co., Inc., a member of the Kumho Asiana Group, signed a memorandum of onderstanding (MOU) on November 29 to start discussions of technology exchanges and a capital alliance premised on cross-shareholdings. Through technology exchanges, the two companies aim to incre

Source: 中国橡胶网

2013/12/05