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Tag: rubber

Retail Asia28/09/2022
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Rubber industry faces uncertain profit prospect

2min0
Rubber companies in Vietnam are facing a cloudy profit prospect for the remaining months as global demand falls and input costs surge. Vietnam Rubber Group expects profit to flatten at VND5.34 trillion ($225.13 million) this year and revenue to rise a mere 5%, as prices have been falling due to low consumption while input costs […]
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Retail Asia01/02/2022
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Rubber firms’ profits surge

2min0
Many rubber companies reported higher profits in the fourth quarter of last year as export prices rose sharply. The Vietnam Rubber Group Joint Stock Company’s gross profits were up 27 percent year-on-year to VND2.1 trillion on revenues of VND7.46 billion ($324.3 million), up 20 percent. The Thong Nhat Rubber Joint Stock Company reported a 250 […]
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Retail Asia25/10/2021
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Rubber firms report surge in profits

1min0
Rubber prices have soared by 30-50 percent this year, driving up profits for companies in the industry by triple digits in Q3. Subsidiaries of the Vietnam Rubber Group such as Daklak Rubber JSC, Tan Bien Rubber JSC, Ba Ria Rubber JSC, Phuoc Hoa Rubber JSC, and Dong Phu Rubber JSC saw profits surge by over […]
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Retail Asia02/08/2021
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Rubber firms bounce back from poor 2020 as demand

2min0
A 150 percent hike in rubber prices has sharply increased profits for the sector and pulled many companies out of the red. Vietnam Rubber Group reported a 182 percent year-on-year increase in net profits to VND2.4 trillion ($103.4 million) on revenues of VND10.5 trillion, a 77 percent rise. Its profits from core business activities were […]
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Retail Asia11/10/2016
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North Sumatra`s rubber exports down 20 percent

1min0
North Sumatras rubber exports in the year to August 2016 plunged 20.84 percent compared to the same period last year. “By August 2016, North Sumatras rubber and rubber product exports fell to US$633.996 million from US$800.864 million in the same period last year,” chief of the production statistic section at the Central Statistics Agency (BPS) […]
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Retail Asia16/05/2016
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Demand for North Sumatra`s rubber shrinking

4min0
North Sumatras exports of natural rubber has continued to shrink, down 8.23 percent in volume to 137,826 tons in the first four months of the year from 150,194 tons in the same period in 2015. “The decline in exports was on weak demand and as a result of an agreement by worlds largest producers to […]
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Retail Asia16/03/2016
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Indonesia to Cut Rubber Export Volume

2min0
The world’s three largest rubber producing countries Indonesia, Thailand, and Malaysia, have agreed to start reducing rubber exports. As members of the International Tripartite Rubber Council (ITRC), the three countries decided on this policy to boost rubber prices in the global market. The Indonesian Rubber Companies Association (Gapkindo), the government’s official partner in implementing the […]
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