Cambodian rubber exports rose 21 per cent during the first half of 2018, according to the Cambodian Ministry of Agriculture.
The data shows that local producers exported 84,419 tonnes of rubber during the first six months of this year, an increase of 14,376 tonnes compared to a year earlier. Total rubber cultivation was also up, at 436,299 hectares.
In spite of alternatives such as guayule and Russian dandelion, the Hevea brasiliensis tree will remain an important source of rubber for tyre manufacturers. The Goodyear Tire & Rubber Company recognises this and has announced a new natural rubber procurement policy. The tyre maker says this new policy “reflects its strong commitment to the responsible sourcing of raw materials” and believes its implementation and adherence will help address deforestation, land grabbing, and human rights in the areas of the world where natural rubber is produced.
To mark the occasion of International Women’s Day, Apollo Tyres has inaugurated a rubber sheet making unit at Vellavoor Panchayat in Kottayam, Kerala. Established with the help of one of company’s reputed Suppliers, the unit was inaugurated by Adv S Jayasooryan, vice chairman, Rubber Board of India in the presence of the Panchayat President, other Rubber Board members and the team from Apollo Tyres.
A partnership between Continental and the German Corporation for International Cooperation (the Deutsche Gesellschaft für Internationale Zusammenarbeit, or GIZ) aims to improve the sustainability of the natural rubber supply chain in Indonesia, the world’s second largest producer of natural rubber. The goals of the collaboration are to develop a criteria catalogue for the sustainable production of natural rubber, to train farmers in sustainable production in accordance with these criteria and to track the rubber from smallholders all the way to production at Continental. By doing so, the partners expect that this optimisation of the supply chain, paired with increases in rubber quality and yield, will generate higher incomes for rubber tree cultivators.
Bridgestone Americas (Bridgestone) and Versalis are forming a strategic partnership to develop and deploy “a comprehensive technology package to commercialize guayule in the agricultural, sustainable-rubber and renewable-chemical sectors.”
The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) celebrated its 31st Annual General Meeting (AGM) at Cinnamon Grand Colombo on the 16 January 2018. The association was inaugurated in 1985 in order to offer “comprehensive representation, advocacy and to champion to all manufacturers and exporters of rubber products in Sri Lanka”.
The University of Arizona has received a five-year grant of up to $15 million from the U.S. Department of Agriculture’s National Institute of Food and Agriculture to lead a new centre focusing on the mass production of biofuels and bioproducts in the Southwestern US.
Continuing the theme of technological development, Linglong Tire – a top five Chinese tyre enterprise – exhibited a number of technological developments including its: a dandelion natural rubber-based tyre, a tyre featuring a graphene compound and a polyurethane tyre manufactured with 3D printing techniques.
The importance of unimpeded access to natural rubber has been acknowledged by the European Union, which has added the raw material to its Critical Raw Material List. the decision was made with the support of the European Tyre & Rubber Manufacturers’ Association (ETRMA), which contributed to the process of revising the List. The association has since welcomed the inclusion of natural rubber in the 2017 List, which is valid for three years.
According to several German media sources, the price of Continental tyres will increase in the second half of this year. Wolfgang Schäfer, chief financial officer at Continental, indicates that tyre prices will go up by between three and five per cent in order to compensate for higher natural rubber costs.
Acting in concert with Ivory Coast-based company SIFCA, Michelin has opened a simplified cash public tender offer through its 99.99 per cent-owned subsidiary Compagnie Financière Michelin SCmA (CFM) to acquire the 841,285 shares in natural rubber company Société Internationale de Plantations d’Hévéas (SIPH) not currently held by the two parties. Michelin states that it and SIFCA will pay 85 euros for each share in the West Africa-based rubber producer and marketer.
Global demand for natural rubber (NR) is expected to outstrip supply this year, however the body representing 11 key producing countries cautions that strong demand doesn’t guarantee that the good prices seen earlier this year will be realised. Information published in June by the Association of Natural Rubber Producing Countries (ANRPC) shows that NR prices across key physical markets suffered further losses from the last week of May, despite a continued deficit in world supply.
Global demand for natural rubber (NR) is expected to outstrip supply this year, however the body representing 11 key producing countries cautions that strong demand doesn’t guarantee that the prices seen of late will be maintained.
General Motors has committed itself to sourcing original equipment tyres produced from sustainable natural rubber. The vehicle manufacturer views this step as an industry first and says its aim is to help “drive the industry toward net-zero deforestation and uphold human and labour rights.”