Osaka Exchange Inc. (OSE) designated three new factories on May 27 as approved sites for TSR20 rubber futures. The addition of these approved factories comes in aim of improving liquidity in the TSR market. Following the move, there are now a total of 24 factories approved as TSR20 sites, with all of these located in Thailand. The three factories added...
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Continental AG is looking to bolster sustainability in its natural rubber supply chain. The company recently reached an agreement with the German Federal Ministry for Economic Cooperation and Development (BMZ) to significantly expand an ongoing project here, which looks to ensure full traceability for the company’s natural rubber supply chain in West Kalimantan, Borneo, Indonesia. Indonesia is one of the...
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Osaka Exchange Inc. (OSE) and Thai Futures Exchange PCL (TFEX) have come to an agreement regarding a new futures market for Japanese natural rubber. Based on this agreement, TFEX launched a market named Japanese Rubber Futures on Nov. 30, with this being a cash-settled natural rubber futures market based on the final settlement price of OSE’s own Natural Ribbed Smoke...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has established a natural rubber procurement subsidiary in Singapore in an effort to secure a stable supply of high-quality natural rubber. Named Sumitomo Rubber Singapore Pte. Ltd., this new company is set to begin operations in April. Sumitomo Rubber has so far procured natural rubber through a specialized division of Singaporean...
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Michelin, Continental AG and agricultural software developer Smag are forming a joint venture for Rubberway, a smartphone application aimed at mapping the supply chain for natural rubber. The new JV is slated to begin operations by the end of 2019 and will focus on bolstering the app’s technological development and rollout. The Rubberway app has been designed to comply with...
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The Japanese rubber industry, and tire companies in particular, are carrying out a flurry of activities with regard to sustainable natural rubber. This saw a recent research seminar held to think about natural rubber from the perspective of biomaterial engineering, with backers for the seminar including the Riken Center for Sustainable Resource Science (CSRS), the Kyoto University Research Institute for...
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