India: Import of cheap Chinese rubber goods hits local units

Huge imports of cheap rubber goods from China spurred by a low import duty are leading to the closure of local rubber units making small and tiny products at a time when India is poised to emerge as a major manufacturer of rubber goods as production shifts from the west to eastern parts of the world. The export growth of Indian rubber products has been in do

Source: 中国橡胶网

2013/05/28

Expert sees 'relative' stability in SBR prices

Prices of styrene-butadiene rubber, the core raw material in most consumer tires, should be relatively stable this year and next, according to market research expert Bill Hyde, senior director of olefins and elastomers at IHS Inc., chemicals unit. Mr. Hyde indicated SBR prices in the U.S. are more than double what they were before the beginning of the reces

Source: 中国橡胶网

2013/05/27

China natural rubber prices on May 27

Commodity Sectors Price Date Natural rubber Rubber & plastics 19392.31 2013-05-26 Natural rubber Rubber & plastics 19392.31 2013-05-25

Source: 中国橡胶网

2013/05/27

Bridgestone wins patent infringement lawsuit in China

Bridgestone Corp. has won a design patent infringement lawsuit against a Chinese tire maker before a Qingdao court, Bridgestone said in a press release. Bridgestone filed suit against Qingdao Genco Industrial Group Co. Ltd. in the Qingdao City Intermediate People’s Court. The Tokyo-based tire maker claimed Qingdao Genco had illegally copied a patented

Source: 中国橡胶网

2013/05/24

China natural rubber prices on May 24

Commodity Sectors Price Date Natural rubber Rubber & plastics 19684.62 2013-05-23 Natural rubber Rubber & plastics 19892.31 2013-05-22

Source: 中国橡胶网

2013/05/24

Hyundai expects capacity shortage by 2015-16

Hyundai Motor Co. is considering building a fourth car plant in China, its vice chairman said, as it seeks to increase production overseas to counter the effect of South Korea's strong currency as well as labor issues. The comments from Hsueh Yung-hsing might indicate a change in the group's attitude toward expansion, but it is not clear whether group Cha

Source: 中国橡胶网

2013/05/23

HB Chemical distributing Black Cat carbon black

HB Chemical recently became a North American distributor of carbon black produced by Jiang Xi Black Cat Carbon Black Ltd, which claims to be China's largest carbon black manufacturer, as well as the fifth largest in the world. The initial two-year agreement, the first between the firms, began in January. HB already has distributed about 500,000 p

Source: 中国橡胶网

2013/05/22

China April passenger-vehicle sales rise 13% on new models

China’s passenger-vehicle sales rose 13 percent in April on rising demand for new models in the world’s biggest vehicle market. Wholesale deliveries of cars, multipurpose and sport-utility vehicles climbed to 1.44 million units in April, according to the state-backed China Association of Automobile Manufacturers. Five analysts surveyed by Bloomb

Source: 中国橡胶网

2013/05/20

China natural rubber prices on May 20

Commodity Sectors Price Date Natural rubber Rubber & plastics 19938.46 2013-05-20 Natural rubber Rubber & plastics 19815.38 2013-05-19

Source: 中国橡胶网

2013/05/20

Yokohama sales, profits drop in Q1

Yokohama Rubber Co. Ltd. (YRC) suffered double-digit drops in operating and net income in the quarter ended March 31 on weakening tire sales, both domestically and in the firm’s key overseas markets. Operating income fell 18.1 percent to $82.2 million, while net income dropped 35.7 percent to $61.2 million. Sales were off 5.6 percent to $1.38 billion.

Source: 中国橡胶网

2013/05/15

Pirelli announces Q1 results

The board of directors of Pirelli & C. SpA reviewed and approved intermediate results for the three months ended March 31. The first quarter of 2013 was characterized by an economic scenario still strongly influenced by the crisis affecting Europe, where the demand for goods and services continues to shrink. In total, the European market has undergone a

Source: 中国橡胶网

2013/05/14

Bridgestone reports 18% earnings growth in Q1

Bridgestone Corp. reported an 18.1-percent improvement in operating income in the quarter ended March 31 to $806.9 million on a 9.4-percent rise in sales to $8.62 billion. Net income rose 2.1 percent to $467.6 million. In the tire segment, sales grew by 12.1 percent to $7.32 billion, while the company's operating income jumped 19.1 percent to $736.4 milli

Source: 中国橡胶网

2013/05/14

Malaysia: Improved rubber prices seen next week

Malaysian rubber prices are expected to improve next week amid the recovering economic data from China and the US, a dealer said. He said China, the biggest rubber consumer, is expanding its imports of the commodity for restocking. However, another dealer said the supply and demand situation and the futures market will also be the main factors that would i

Source: 中国橡胶网

2013/05/13

China natural rubber prices on May 13

Commodity Sectors Price Date Natural rubber Rubber & plastics 20223.08 2013-05-13 Natural rubber Rubber & plastics 19930.77 2013-05-12

Source: 中国橡胶网

2013/05/13

Kumho back in black for fiscal 2012

Kumho Tire Co. Ltd. posted net income of $116.2 million for fiscal 2012, reversing a net loss from a year ago, and recorded record sales of $3.62 billion, a gain of 4 percent. The tire maker also registered a near doubling of operating income, to $334 million, or 9.2 percent of sales, according to figures in the firm's recently released fiscal 2012 summary

Source: 中国橡胶网

2013/05/10

Toyo Tyre aims to increase annual production to 5 million by 2015

Toyo Tyre (M) Sdn Bhd expects to increase annual production to five million tyres in 2015 following the completion of its new flagship manufacturing facility here. The facility will initially produce 2.5 million tyres. Toyo Tire & Rubber Co, Ltd. Chairman Kenji Nakakura said the Malaysian facility was strategic in the group’s global expansion pla

Source: 中国橡胶网

2013/05/09

China's synthetic rubber capacity nears 4 million tons

China's synthetic rubber (SR) capacity reached 3.9 million metric tons in 2012, and production hit the 3.85 million market. A new study compiled by market research firm Research and Markets Ltd. said 23 companies product SR in China, with Sinopec and China National Petroleum Corp. the leaders. Together those companies account for 59.5 percent of the nation

Source: 中国橡胶网

2013/05/08

China natural rubber prices on May 8

Commodity Sectors Price Date Natural rubber Rubber & plastics 19769.23 2013-05-08 Natural rubber Rubber & plastics 19630.77 2013-05-07

Source: 中国橡胶网

2013/05/08

Tire industry size in Asia expected to reach USD 406,431 million by 2017

According to the market research report "Asia Tire Industry Future Outlook to 2017 – Growth to be Driven by Green Tires" by Ken Research, Asia tire industry revenues have increased from USD 54,214.8 million in 2008 at a CAGR of 22% during 2008-2012. The tire market in Asia has witnessed a steep incline in recent years on account of higher sa

Source: 中国橡胶网

2013/05/07

Yokohama rated first in China OE satisfaction index study

Yokohama Rubber Co. Ltd said it has been ranked first in the 2012 China Original Equipment Tire Satisfaction Index Study, carried out by research firm JD Power Asia Pacific. JD Power presented a plaque to Yokohama during an April 21 ceremony at the Auto Shanghai 2013 trade show. In the study, Yokohama came in first for overall satisfaction with 843 points

Source: 中国橡胶网

2013/05/03