Sari Pan Pacific Jakarta
"Balancing Margin Squeeze, Environmental Standards & Global Market Challenges"
Stay up to date with the latest developments in the world’s rubber & tire industry, only at CMT’s 6th Global Rubber and Tire Markets conference!
The conference unites senior executives from the world rubber and tire industry to address impact arising from increasing rubber prices against rapid growing demand. This established series will not only offer first-hand insights via high-level discussions, but also hours of valuable networking with leading experts – all on one platform!
Rubber Tire manufacturers are experiencing margin squeeze as raw material prices increase…
Natural Rubber’s record-high prices have yet to deter automotive tire factories, determined to meet consumer’s hunger for new vehicles. Faced with a scenario of even tighter capacities in the coming year, how will escalating prices further impact on the rubber and tire industry?
Get your answers from our authoritative panel at the 6th Global Rubber & Tire Markets!
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| A Glance at Recent Headlines Grabbing Global Industry Attention…
China vehicle sales are set to outstrip the U.S. for the third consecutive year in 2011, when they are likely to hit 20 million. The sales in the first 11 months of 2010 have hit 16.4 million units and were expected to reach 18 million by 2010’s end, according to the China Association of Automobile Manufacturers. (Tire Review)
Output from Thailand, Indonesia and Malaysia has been cut as a La Nina weather event caused higher-than-average rains in parts of Southeast Asia.
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"Balancing Margin Squeeze, Environmental Standards & Global Market Challenges"
The high natural rubber price has been hit by the economic fallout from the massive Japanese earthquake & worsening tension in the Middle East. Could this lead to a derail in demand? What are the consequences for the tire industry and rubber sector?
Despite the uncertainty, synthetic rubber producers are optimistic of growth in 2011. Lanxess reported an increase in fourth quarter profit as sales grew by 32% and also confident about its prospects in 2011; as it expects sales to be higher than last year's results.
However rising raw material and energy costs, coupled with environmental standards in the EU and other import markets will continue to challenge the tire industry. Asian producers are compelled to meet modern tire requirements in order to capitalize on global opportunities. Emerging market like Indonesia is also seeing tire investments with significant capacity earmarked for export.
"Hankook Tire Co. Ltd. has announced it will be investing $353 million in a new passenger, bus and truck tire manufacturing plant in Bekasi, Indonesia. More than 50% of the plant's capacity will be exported to the North American market." Dec 2010, Modern Tire Dealer
CMT's 6th Global Rubber & Tire Markets explores key pertinent issues facing the industry and your benefits of attending are extensive!
Conference Highlights:
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