The Association of Natural Rubber Producing Countries (ANRPC) has further scaled back its outlook on world production of natural rubber. As per the revised outlook, world production is expected to fall by 4.7 per cent to 13.130 million tonnes during 2020.
The Rubber Skill Development Council (RSDC) foresees a shortage of skilled manpower in the rubber sector. With the objective of understanding the challenges and concerns related to absorption of workforce back into the business operations post-lockdown RSDC, is running a webinar to discuss “Demand of Skilled Workforce in the Rubber Sector Post Covid19 Lockdown” on Friday 15 May 2020.
In light of the recent developments on travel restrictions, the IRSG Secretariat in collaboration with the Ministry of Agriculture and Rural Development, Republic of Côte d’Ivoire and the Organising Committee of the World Rubber Summit (WRS) 2020 have postponed the conference until September 2020. The new dates will be communicated in due course.
Anyone who’s spent time in a garage or tyre shop knows that the smell of rubber is an acquired love. And there’s good news for those who never acquire this love – Sumitomo Rubber Industries, Ltd. has, after identifying the factors that cause natural rubber to emit an odour, developed ‘Reduced Odor Natural Rubber,’ a new type of natural rubber that emits significantly less odour.
Yokohama Rubber has signed a Memorandum of Understanding (MoU) with the Rubber Authority of Thailand (RAOT). The aim of this cooperative partnership with the state enterprise is to provide economic support for Thai natural rubber farmers and to improve traceability, with the aim of ensuring transparency and soundness within the supply chain.
Locally-sourced alternatives to natural rubber, such as Continental’s ‘Taraxagum’ Russian dandelion project, look set to benefit from new government policy in Germany. Yesterday, the German cabinet approved its ‘Nationale Bioökonomiestrategie’ (National Bioeconomy Strategy). This brings together existing bioeconomy strategies and paves the way for further development in this area, including funding for research.
After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.
Global natural rubber production lacks transparency and the necessary sustainability commitments to protect both people and wildlife, according to an analysis of the natural rubber industry undertaken by international conservation charity ZSL (Zoological Society of London). ZSL assessed 15 of the “most significant” natural rubber companies and calculated an average score of just 35 per cent on SPOTT (Sustainability Policy Transparency Toolkit).
Michelin intends to acquire all shares in Société Internationale de Plantations d’Hévéas (SIPH) not already owned by itself or Ivory Coast-based company SIFCA. It is launching a public buyout offer on 7 November, offering 85 euros per share. This buyout offer is being made exclusively in France and will be followed by a squeeze out.
The natural rubber supply chain is very complex. It includes around six million farmers, 100,000 intermediaries and over 500 processing plants. To bring greater transparency to the supply chain, two ‘top-five’ tyre makers are now cooperating with a third party in a joint venture: Michelin and Continental, together with IT agricultural specialist Smag, have formed a company to further develop and deploy a technological solution for mapping sustainability practices. The client-facing portion of this technology is a smartphone app called Rubberway.
The International Rubber Study Group (IRSG) and the Forests, Trees and Agroforestry research program of the CGIAR (FTA) led by the Center for International Forestry Research (CIFOR) have decided to collaborate on issues related to the sustainability of natural rubber production in order to support sustainable development of the natural rubber economy.
The International Rubber Study Group (IRSG) and the Global Platform for Sustainable Natural Rubber (GPSNR) have signed a memorandum of understanding (MoU) designed to detail and define efforts to increase cooperation between the two bodies.
