Thailand’s Agriculture Ministry plans to release 200,000 tons of rubber stock in an effort to prevent oversupply as the new rubber tapping season is approaching. According to Deputy Prime Minister and Agriculture and Cooperatives Minister Yukol Limlaemthong, the ministry is set to unload huge stocks of rubber products, adding that it is better that the
Sumitomo rubber has officially opened its new agricultural tire factory at Amata City Industrial Estate, Rayong Province. This is the firm’s first factory outside Japan for agricultural tires. The rise in global food demand has pushed the requirement of agricultural equipment tires in Thailand. Approximately 13 billion yen has been invested in the new 130000
Evonik has expanded its precipitated silica production to Rayong, Thailand. The company said the investment will increase the company’s responsiveness to changing market conditions. With this new plant, Evonik reaches a global capacity of 500,000 metric tons per annum of precipitated, fumed silica, and matting agents. Press release from Evonik
Thailand, Indonesia and Malaysia have announced that they are seeking tenders to create a regional rubber market. These three countries currently produce 65% of the world’s natural rubber but do not have a futures market. They have had to rely on exchanges such as the Shanghai Future’s Exchange (SHFE), the Singapore Exchange (SGX) and the
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