Friday 20 January 2012

Greenyield goes big into rubber plantation

The Edge Daily, 19 Jan 2012


  1. Bridgestone expects 5.3pc rise in its 2012 tyre output

    TOKYO, March 7 – Bridgestone Corp, the world’s biggest tyre maker, said today solid demand for replacement tyres in Asia would help boost its global tyre production by 5.3 per cent to 1.99 million tonnes in 2012.

    Strong demand from tyre makers, the biggest consumers of rubber, is one of the factors supporting the prices of natural rubber, which hit a record high of 532.7 yen per kg on the Tokyo Commodities Exchange on Feb. 21, 2011.

    “We expect steady demand growth to continue for a while, thanks to steady car demand, particularly in emerging markets,” Bridgestone spokesman Makoto Shiomi said.

    That is roughly in line with an estimate of 5.8 per cent growth in 2012 in global demand for rubber, both natural and synthetic, by the International Rubber Study Group in December.

    Output in emerging markets is seen rising 14.3 per cent to 560,000 tonnes.

    The benchmark contract for August delivery on TOCOM now hovers at around 327 yen – within sight of 5-month high at 344.4 yen struck in late February.

    Bridgestone expects global demand for radial tyres for passenger cars to be 35 per cent more in the 2016/17 financial year than in the 2009/10 year. That for truck and bus tyres will grow 70 per cent during the seven years.

    Bridgestone last month said it expected to book a record 250 billion yen (RM9.40 billion) in pretax profit in 2012, up 39 per cent, driven by strong demand and higher prices.

    Helped by the tight tyre market, it raised prices three times in the United States in 2011 for bus and truck tyres so as to pass on the higher rubber costs. – Reuters

    1. (沙登7日訊)種植與原產業部長丹斯里柏納東博指出,大馬出口傢俱以木製為主,為確保我國繼續擁有大片森林,政府設下目標重植375公頃的森林,該計劃在數年前展開,以讓國家在經濟成長與環境生態取得平衡。