Business
Rubber Asia
Trump Effect Volatilizes
NR MARKET The sudden volatility in natural rubber prices in the Brazilian market is unequivocally linked to the elections results in North America.
2 min |
November - December 2016
Rubber Asia
Maxxis to Begin Tyre Production in Gujarat Soon Leonard Liao
The Taiwan-based $7.5 billion Cheng Shin Rubber Company Ltd, makers of internationally known Maxxis tyres, world’s ninth in global tire brands in 2015, will start producing twowheeler tyres first, and then for four wheelers and other vehicles, from its under construction plant in Sanand II Industrial Estate in Ahmedabad from next year. In a candid interview to Senior journalist, Jose Kalathil, at the company’s headquarters in Changhua, Leonard Liao, Vice President, Domestic Sales Groups, Maxxis, explains about his company, its achievements and his future plans. Disclosing his love for India, Leonard said he likes the well-known Bollywood star Aamir Khan.
3 min |
November - December 2016
Rubber Asia
Indian Tyre Industry in for Formidable Growth
The Indian tyre industry, with an unprecedented Rs 400,000-million ($6 billion approx) investment in the last few years, is at the threshold of major leap forward. With the new Greenfield facilities set up in recent years, the most technologically advanced domestic industry can vie with the best in the world, says Rajiv Budhraja, the highly proficient Director General of Automotive Tyre Manufacturers Association (ATMA). India, with sheer diversity of road profiles and weather conditions, is a challenging country for tyre manufacturers. That even international OEMs prefer India-made tyres to roll out their vehicles in India is a better endorsement for quality of the Indian tyres which are being exported to over 100 countries, including the most discerning ones such as the US, he says. In an interview to Rubber Asia, Rajiv Budhraja, the authoritative spokesman of the Indian tyre industry, asserts that, if the Indian tyre manufacturing industry is to blossom, dumping of the Chinese tyres needs to be curbed forthwith. Inverted duty structure needs to be addressed and import of raw materials, be it NR or Synthetic Rubbers, needs to be allowed duty-free to the extent of domestic deficiency. The industry has presented these primary demands before the Government. According to him, India’s seasoned entrepreneurship, globally integrated industry, large skilled manpower, verdant NR plantations and a fast-growing economy are enough to give a big boost to the domestic tyre sector provided the bottlenecks are removed. EXCERPTS:
5 min |