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Thailand approves 5.94 billion (baht) for overhaul of rubber industry

Wednesday, August 27, 2014
Bangkok, Thailand - The Bangkok Post reports, "The National Council for Peace and Order (NCPO) has approved a budget of 5.94 billion baht for the overhaul of the rubber industry as proposed by the Natural Rubber Policy Committee. The measures involve maintaining a stock to stabilise prices, improving planters’ liquidity, developing the rubber market and conducting research and development on rubber products, said Winthai Suwaree, an NCPO spokesman. For the short term of up to 10 years, product prices will be buoyed by increasing market liquidity, adding value and improving quality of products and more lending to rubber operators. “The NCPO chief is concerned about the rubber problem and stressed the government’s stock must be sold in a manner that doesn’t affect market prices,” Suwaree said. “In the short term, more markets must be found and products traded at appropriate prices. In the long term, domestic use should be optimised and a balance between demand and supply must be maintained,” he said. Representatives of the rubber farmers' network on Tuesday submitted a letter to Prime Minister Prayuth Chan-ocha to propose measures for their survival. Chan-Ocha assigned Chatchai Sarikalaya to talk with the representatives and accept the letter. The six-group network suggested two emergency measures. Leaders of four groups on May 16 sought an injunction from the Administrative Court to stop the sale of 210,000 metric tons of rubber in the government's stockpile, saying the move would further push down prices. Local rubber prices fell from 55.89 baht a kilogram on Aug 7 to 51.61 kg on August 18. The planters recommended the stock be liquidated in February 2015 when there is little tapping activity. The court issued a temporary injunction but since the second inquiry on August 19, the injunction has not been renewed. Related authorities in charge of the stock argued the sale was necessary to get the money for new supply. The inventory was the result of the previous government's subsidy which paid the planters 100 baht a kg. According to their letter, the planters also want a solution to the 210,000 metric ton stock. They urge that all agencies think of how to process or add value to rubber such as adding latex to asphalt in road construction or building playgrounds or futsal field, etc. The government should also keep track of the quantity and quality of the rubber in its stock, kept to stabilize prices. Since production cost is 65.25 baht a kg at present, the government should continue to subsidize their farm essentials costs for another season at the rate of 2,520 baht a rai, but not more than 25 rai each, they said. In the medium term, the farmers want a restructuring of the Thai rubber market so it can be used as reference prices for Asean and the world instead of foreign futures markets. The planters should also take part in making rubber products while the government can help in terms of financing and marketing. They also want the government to approve a revolving fund worth 10 billion baht for stockpiling and 5 billion baht in credit for processing rubber. "As a centre of Asean, Thailand should host a regional conference among the seven producing countries to set regional strategies," they said. The planters also want to set up a fund to stabilize prices across Asean, which makes up 80 percent of world rubber output. "The ultimate goals are to make Asean prices the world's reference prices and to stabilise rubber prices by keeping a stock of 1 million metric tons," it said. The supply could be added to the stock when prices are below cost and sold when they returns to normal. In addition to the network, rubber planters nationwide have turned to the new prime minister for help after the prices dropped below costs. In Nakhon Si Thammarat, 10 representatives of the farmers' council of the southern province sent a letter to Chan-Ocha through governor Apinant Suethanuwong at the provincial hall. Prateep Kleepkaew, chairman of the local farmers' council, said that about 100,000 families of rubber growers in the province were in deep trouble. "The rubber price is much lower than production costs. The families of rubber growers lack money to maintain their living and their everyday life is depending on bank loans and loan sharks," Kleepkaew said. Governor Apinant received the letter and promised to forward it to Chan-Ocha. In Trang, the Bank of Agriculture and Agricultural Cooperative (BAAC) is speeding up payments under the farm essentials subsidy program. BAAC Trang director Panumas Tunnsu said planters should look for extra incomes and apply the sufficiency economy principle. Some 58,000 planters registered in the program of whom 12,630 were paid by the BAAC. However, most of their documents are either redundant or incomplete, causing payment delays. The Yingluck Shinawatra government approved a subsidy for farm essentials at 2,520 baht a rai. The BAAC has already paid 1.27 billion baht under the program. Since most rubber planters are small with an average plantation of 10 rai a household and production of 264 kg a year, they earn more than 100,000 baht a year. It is therefore imperative that they find extra jobs and apply the sufficiency economy principle." - * Email


The Month in Review - Past 30 Days

Friday, September 19, 2014
New satellite show to be held during PLAST 2015
Chemical Resistance Guide for Elastomers IV - Now Available!
Endurica LLC offers new rubber fatigue endurance test
Flexicon breaks ground on U.S. headquarters expansion
DuPont to increase ethylene capacity to meet growing demand for its specialty resins product lines
Polymax opens U.S. facility near Chicago
Apollo Tyres confirms plan for new 475 million Euro plant in Hungary

Thursday, September 18, 2014
Smithers Quality Assessments is celebrating 20 years of continuous ISO 9001 certification with four clients
Rubber poised to rise as prices at five-year low cut output
Bayer MaterialScience to increase TPU production in India
RTP introduces new conductive extrusion compounds
BASF, Cargill and Novozymes achieved another milestone in bio-based acrylic acid
Saint-Gobain and Bieglo to exhibit at Fakuma Show
Milliken to showcase ultra clear PP-based commercial applications at Emballage 2014

Wednesday, September 17, 2014
Dow Elastomers launches next generation technology for footwear
Solvay inaugurates specialty surfactants plant in Genthin, Germany
Titan International approves quarterly cash dividend
Michelin farm tires demonstrate performance advantages during footprint and traction tests
Lanxess expands pigment plant in Ningbo, China
Cabot elects new member to its board of directors
TIA announces 2014-2015 board of directors election results

Tuesday, September 16, 2014
Dow Corning expands Syl-Off portfolio with new release coating
R.E. Carroll Inc. hires Charleen Henke as new midwestern technical sales representative
Malaysia to send 20 million medical gloves to fight Ebola
New market report on disposable gloves for medical and non-medical applications
Anne Noonan named president of Omnova Solutions' performance chemicals business
UTEX Industries finalizes plan to expand operations in Singapore
Bluestar Silicones launched Silcolease flat release polymer at Labelexpo Americas 2014

Monday, September 15, 2014
RTP Company introduces new conductive extrusion compounds
International Rubber Company sales hit $9 million in the first half of 2014
Continental breaks ground on it new high performance tire technical center in Korbach, Germany
PanAridus CEO announces new patent and first bale shipment of guayule
PolyOne announces Javier A. Echevarria as vice president of global sourcing
Vystar board approves natural rubber latex business spinoff
Anvis expands it German headquarters

Friday, September 12, 2014
Japan may begin buying Myanmar rubber next month
Evonik opens 20,000 ton expansion to its precipitated silica site in Pennsylvania
Environmental group blasts Forest Stewardship Council for certifying tainted Vietnam company
Toyo Tire establishes new polyurethane business in Thailand
Sri Trang set for rubber trading in Myanmar
BASF opens new butadiene extraction plant in Belgium
Trelleborg sells off its rubber boot operation in Spain

Thursday, September 11, 2014
Toyo Tire introduces newest premium all season tire
Zyvex and OCSiAl cancel plans for merger
Cimcorp to automate green tire handling at Chinese Qingdao Sentury Tire
ISRI announces newest board members
Nokian Tyres launches international marketing cooperation campaign with the IOF and Tough Mudder
New report on the Brazilian tire market
Chemical Resistance Guide for Elastomer IV - Now available!

Wednesday, September 10, 2014
Michelin, Amyris and Braskem team up for renewable isoprene for production
Apollo Tyres plans new EUR 442.2 million plant in Hungary
Rubber at five year low amid oversupply in Thailand
India's natural rubber imports rise 15 percent in August
New market reports on global and China rubber chemical industry and internal mixer industry
Converse produces all rubber Chuck Taylor sneaker
India tire manufacturers stock surges 9 percent on low rubber prices

Tuesday, September 09, 2014
Dow Chemical announces new executive leadership appointments
China drops its anti-dumping duties from Russia, Japan and South Korea
Cabot Corporation announces three new fumed silica products
Evonik to invest EUR 2 billion in its German operations
KraussMaffei adds two new injection molding machines to its portfolio
Smithers Rapra's Hochschwender to deliver keynote speech at ITEC
Bridgestone's Tennessee tire plant earns LEED V3 recertification

Monday, September 08, 2014
BASF prepares for its 150th anniversary in 2015
A. Schulman acquires Australian compounder Compco Pty. Ltd.
Akron Polymer Conference takes place October 2-3
Evonik expands it specialty silica capacities in Japan
Brenntag expands its India business with the acquisition of Pioma Chemicals
Cooper Standard to become majority owner of largest Chinese automotive sealing manufacturer
Cabot Corporation increases prices for specialty carbons globally

Friday, September 05, 2014
New market report on toluene diisocyanates in Europe
Abhisar Buildwell inks rubber threads supply pact with Rubfila
Large wind turbines benefit from cable sheathing made of Lanxess Levapren
Nexen Tire makes an active push into the European market through a global brand marketing with European football clubs
Nokian Tyres launches international marketing cooperation campaign with IOF
Book of the day - Resistance and Stability of Polymers
Semperit initiates arbitration proceedings against its Thai joint venture partner Sri Trang Agro

Thursday, September 04, 2014
Nexen Tire achieves first-ever grand slam of design awards for a tire maker
Bridgestone to attend the 65th IAA Commercial Vehicles International Motor Show in Hanover
Mesnac announces appointment of Dr. K. Mohamed Hassan as executive director
India expects increase in natural rubber imports
Cooper Tire board elects Tom Lause as treasurer
Nokian Tyres is introducing five new SUV summer tires
Lehigh Technologies raises $8 million to drive global expansion

Wednesday, September 03, 2014
Zeon names Bob Barlow as president and CEO
Malaysia's rubber glove industry urged to take advantage of growing market
Nynas reports second quarter 2014 results
ARPM announces the availability of its annual Wage and Salary Report for the rubber industry
Continental Tire plant in Mt. Vernon, IL, celebrates 40th anniversary
BASF to increase prices for neopentylglycol (Neol) in North America
Accella Performance Materials acquires Zeus Tyrefill Systems

Tuesday, September 02, 2014
APS Compounding announces two new hires
NSF awards $800,000 to ramp up production of eco-friendly halogen-free rubber
LyondellBasell to build world scale PO/TBA plant on U.S. gulf coast
Sumitomo Rubber awarded contract for OEM tire placement on Jeep Compass and Patriot
Thwing-Albert introduces new materials testing machine frame
Saint-Gobain Seals' Rulon J polymer to be used for shock absorbers by US manufacturer
MRF opens retreading factory in Oman
New market report on the global material testing equipment

Monday, September 01, 2014
Bridgestone establishes new company to sell industrial products in Chile
Clariant to offer certified sustainable palm oil based material
Kraiburg TPE to participate in Indoplas 2014 in Jarkarta
Momentive Performance Materials prepares to exit bankruptcy
Trelleborg presents the results of tire size and farming productivity study
Albemarle and PolyOne to present at KeyBanc Capital Markets conference in Boston

Friday, August 29, 2014
Book of the day - Practical Guide to the Assessment of the Useful Life of Rubbers
Now available, the 2014 Rubber Red Book and Blue Book
TIA announces 2014 Hall of Fame recipients
New market report on global rubber gloves
Evonik Industries announces global price Increase of up to 10 percent
SO.F.TER introduces TPE extrusion suitable for drinking water contact

Thursday, August 28, 2014
Cooper Tire reports independent valuation of CCT
TIA submits comments to NHTSA regarding proposed rulemaking for tire identification numbers
Rubber Division, ACS, reports hotels are nearly sold out for International Elastomer Conference in Nashville
New market report on the global silicone rubber industry
Nynas AB announces changes to the executive committee
Goodyear names Richard Kellam senior vice president, global sales and marketing
Mesnac announces expansion plans for its European region

Wednesday, August 27, 2014
Wacker named 'Preferred Supplier' by Bosch
Thailand approves 5.94 billion (baht) for overhaul of rubber industry
Rubber may soon come from dandelions
Kraiburg TPE's Thermolast K used by Stabilo for injection molded pens and pencils
Bayer MaterialScience reduces petroleum use with CO2 replacement during elastomer production
United States International Trade Commision forwards case against Chinese tire dumping
Pyrolyx issued patent for new green carbon black recovery method
New market report on butyl rubber technical material

Tuesday, August 26, 2014
Bridgestone Commercial Solutions introduces the Firestone FS561 steer tire
Yokohama's next generation Geolandar H/T goes on sale September 1
Auto sales increase Indian tire manufacturers' stock values
Vietnam Rubber Group improves policies for rubber growers
ACS Group hires new vice president of marketing and product development
New market report on the global v-belt industry
Nexeo hosts Technical Summit in Houston, TX
Thai military government approves sale of country's rubber stocks

Monday, August 25, 2014
Orion Engineered Carbons to release second quarter results
Ross offers new custom agitated vessels with silicone heating blanket
Thailand's rubber industry struggles with declining prices
Bridgestone Commercial Solutions introduces new Bandag B799 fleet tire
Silicone added to the international care labeling standard
ARPM Benchmarking and Best Practices conference sees 25 percent increase in registration
New market report on surfactants

Friday, August 22, 2014
Lanxess appoints Krahn Chemie as its new distribution partner in Poland, the Czech Republic and Slovakia
Viva Recycling to open new facility in South Carolina
First Apollo Zone inaugurated in Kuwait
Yokohama Rubber to participate in the Moscow International Automobile Salon 2014
New market report on ultrasonic testing equipment




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