Point S has expanded into the Philippines market. Connecting with the 7,641 islands that make up the Philippines is seen as a strategic move, following the operations expansion into India and Malaysia. According to the company, it will significantly increase Point S’s footprint in the Asian and global tyre landscape.
A Memorandum of Understanding has been signed between the Philippines’ Department of Agriculture, the Philippine Rubber Farmers Association (PRFA) and Phoenix Petroleum Philippines, Inc. to establish the country’s first ever tyre production facility.
A 50 hectare rubber plantation and processing plant will be established on the Philippines island of Mindanao at a reported investment cost of US$200 million, and Finnish firm Black Donuts Engineering Inc. will serve as a consultant for coordinating the project.
Two tyre makers have both pledged aid to support relief efforts in the Philippines following Typhoon Haiyan on 8 November, and a third is contributing to aid efforts following the earthquake there three weeks earlier.
Natural rubber production in the region represented by the Association of Natural Rubber Producing Countries – Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand and Vietnam – is expected to rise 3.0 per cent this year to 10.645 million tonnes.
Singapore’s Mindtrac launched its new Ultra X range of Indian-manufactured cross-ply tyres for truck and light truck applications in a 20-strong line-up. The company said it secured business at the show with customers in Singapore, Pakistan and the Philippines.
Last year was a new high water mark for Yokohama Rubber Co., Ltd., with the 2012 fiscal year delivering record net sales, operating income and net income. The company says these results reflect the strong growth of original equipment sales to Japanese vehicle manufacturers, a business recovery in industrial products, success in securing market acceptance for price increases, a decline in raw material costs, continuing progress in reducing costs, and the weakening of the yen toward the end of the year.
According to local news reports, Yokohama intends to more than double production in the Philippines by 2017. The Philippine Daily Inquirer writes that the tyre maker’s local subsidiary, Yokohama Tire Philippines, Inc., plans to increase output from its current daily level of 21,000 units to 50,000 tyres a day within five years. This news is said to have been announced by Philippine trade undersecretary Merly M. Cruz.
Gazasia, a UK company that develops waste-derived biofuels, is to begin operations in the Philippines to develop a vehicle fuel made from organic waste products in landfill. The company creates liquid biomethane – a carbon-neutral, sustainable and high-quality vehicle fuel – by cleaning and refining the natural gas produced by organic waste found in landfill sites.
Through its “Forever Forest” programme, Yokohama Rubber and its subsidiaries aim to create verdant surroundings at Yokohama facilities around the world; the intention is to plant more than half a million trees by 2017, a goal Yokohama is almost halfway towards achieving. The company’s US tyre operation, Yokohama Tire Corporation launched the second phase of its Forever Forest activities on 7 December with the planting of more than 300 seedlings at its headquarters. This second phase planting in Fullerton, California followed the inaugural event held in December 2010 when Yokohama Tire Corporation planted more than 500 tree seedlings.
The Malay Mail reports that four armed intruders forced their way into a used-tyre factory in the township of Bandar Bukit Puchong, Malaysia, overpowering a security guard, who was bound and gagged, before driving off with a trailer loaded with 319 tyres.