India: Synthetic rubber consumption up 3 pc in FY”12

A picture of Genomatica’s process for fermenting sugar into industrial chemicals. (Credit: Genomatica) Read more: http://news.cnet.com/8301-11128_3-20095390-54/bouncing-from-sugar-cane-to-synthetic-rubber/#ixzz1VnCzv51v

New Delhi, July 5 (PTI) India”s synthetic rubber consumption rose 3 per cent to 4,23,350 tonnes last fiscal, while production rose marginally to 1,10,599 tonnes, according to the latest Rubber Board data.

In contrast, the consumption was 4,11,830 tonnes, while production was 1,10,340 tonnes, during the 2010-11 fiscal.

During 2011-12, consumption by the auto tyre industry rose by 3 per cent to 3,07,365 tonnes from 2,98,414 tonnes in the year-ago period, the data showed.

Synthetic rubber import went up by 8 per cent to 3,27,625 tonnes in 2011-12, from 3,02,030 tonnes during 2010-11.

Synthetic rubber is mostly used in the manufacture of tyres, besides in cycle tyres and tubes, footwear, belts and hoses, among other items.

“The relative share of consumption of natural rubber and synthetic rubber in India was 69:31 during 2011-12,” Rubber Board said.

Natural rubber consumption grew by 2 per cent at 9.66 lakh tonnes in 2011-12 fiscal as against 9.47 lakh tonnes in the year-ago period.

The consumption of synthetic rubber in March 2012 rose to 36,280 tonnes, from 36,025 tonnes in the same month last year.

The consumption by the auto tyre industry fell marginally to 26,229 tonnes in March 2012 from 26,295 tonnes in March, 2011.

Production of synthetic rubber declined to 8,135 tonnes in March this year as against 9,343 tonnes in March last year.

Synthetic rubber imports rose to 30,300 tonnes from 26,275 tonnes in the same period.

The total stock of synthetic rubber in the country at the end of March 2012 stood at 50,325 tonnes.

Source: http://news.in.msn.com/business/article.aspx?cp-documentid=250269620

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