According to foreign media reports, the ASEAN market is reduced due to the decline in demand rubber exports, the tire manufacturer is trying to find alternatives tire rubber raw materials.
Rubber prices plunged 43% in the past year, mainly due to the decline rubber demand in China and Europe. To improve rubber prices, the three rubber exporter, Thailand, Malaysia and Indonesia want to cut exports, improve the international rubber prices.
Benefit from the lower rubber prices, two of the world’s largest tire manufacturer Bridgestone and Michelin (Michelin) global revenue in the first half of both innovation. But with the decline in global tire demand, any fluctuations of raw material prices will affect the profits of the tire industry.
In order to maintain the long-term profits, some tire manufacturers have been trying to reduce the use of the rubber production of tires. Bridgestone Prior to invest $ 100 million R & D and production tire rubber raw materials needed alternative products.
Source: Gasgoo
Translated by Google Translator from http://news.cria.org.cn/4/10215.html
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