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Global tire manufacturers sign initiative to end global deforestation

11/9/2018 - Kuala Lumpur, Malaysia - Environmental groups welcomed an initiative by global tire manufacturers to stop the destruction of forests to make way for rubber plantations, but warned that the industry-backed organization must act independently to be effective, as reported by Thomson Reuters Foundation. The Global Platform for Sustainable Natural Rubber (GPSNR), which includes Michelin and Goodyear Tire & Rubber Co., will begin operations in March at its headquarters in Singapore, according to a statement from the organization. Rubber demand has risen over the last 20 years as emerging markets like China and India have become wealthier, with more people able to buy cars and motorcycles, which has driven deforestation, according to environmental groups. “We are already seeing new rubber plantations pushing into natural forests,” said Rod Taylor, a director at the World Resources Institute in Geneva. He said the launch of the GPSNR was “timely,” but warned that its decision-making process must include input from people who are not directly involved in the rubber industry, but are affected by it. “The platform will need to ensure it is truly independent, and all key stakeholders have a place at the table, to craft solutions that are fair and really do protect the environment,” Taylor said by email. Rubber plantations cover about 11 million hectares around the world, two-thirds of which are in Southeast Asia, while annual expansion rates roughly doubled between 2003-2013, researchers said earlier this year. To mitigate the ill effects of the sector’s expansion, the GPSNR pledged to work against deforestation and “land-grabbing,” protect biodiversity and water, and improve transparency in the supply chain. Such policies could have a powerful impact, if they are actually implemented, said Himlal Baral, a senior scientist at the Center for International Forestry Research in Bogor, Indonesia. “Having anything sustainable is definitely a good thing,” he told the Thomson Reuters Foundation. “But the commitments they are talking about and what they are doing should match. We need to see action; that is important.” One challenge will be regulating rubber producers, which range from large estates to about 6 million small farmers globally, said Andy Thompson, a senior counsel for sustainability at the tire company Bridgestone in Nashville. “It is a rather complex supply chain,” he said. The tire industry already consumes about 70 percent of the world’s natural rubber supply, and demand is growing, according to the GPSNR. The 18 founding members of the platform account for about 65 percent of the world’s tire manufacturing, Thompson said. The GPSNR follows similar initiatives in industries such as coffee, palm oil and cocoa, which have had mixed success. Advocacy groups have criticised the Roundtable on Sustainable Palm Oil, for example, accusing the global watchdog organization of failing to prevent human rights abuses and deforestation.

Wednesday, November 14, 2018

Yokohama Rubber revises fiscal projections downward - click to expand

Cooper Tire names two to the board of directors - click to expand

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Latexco US announces major western expansion - click to expand

Trinseo reports positive third quarter results - click to expand

Tuesday, November 13, 2018

International Rubber Conference 2019 to be held September 3-5, 2019, in London - click to expand

China imposes anti-dumping nitrile rubber tax on Japan and South Korea - click to expand

Toyoda Gosei invests in Hubei Rock Rubber and Seal Technology Co. - click to expand

Lexus ES to use Dunlop SP Sport Maxx line of tires as original equipment - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Denka completes construction of Omi Innovation Hub in Japan - click to expand

Monday, November 12, 2018

Tingley Rubber Corporation wins NJ Family Business of the Year Award - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

BKT to build tire manufacturing plant in the U.S. - click to expand

Apollo Tyres' chairman decorated with Japan's Order of the Rising Sun - click to expand

Vietnam's rubber export value stable despite decline in latex - click to expand

Friday, November 9, 2018

Global non-pneumatic tire market forecast to grow at a CAGR of 11 percent through 2024 - click to expand

Global tire manufacturers sign initiative to end global deforestation - click to expand

Book of the day - Rubber Molding Principles - click to expand

Nynas celebrates 90th anniversary - click to expand

Goodyear announces price increases up to 4 percent for commercial tires and retreads - click to expand

Thursday, November 8, 2018

Mitsubishi takes 20 percent stake in Toyo Tire & Rubber Co. - click to expand

Federal judge allows lawsuit against Denka-owned chemical plant to go forward - click to expand

Goodyear Auto Service and Just Tires offer free Checks for Vets - click to expand

Global fumed silica sales are likely to surpass 335,000 metric tons in 2018 - click to expand

Capricorn and Particon add €5 million to Black Bear’s growth financing round - click to expand

Wednesday, November 7, 2018

Wabash MPI/Carver inducted into Indiana Manufacturers Hall of Fame - click to expand

Monday, November 7, 2018

MonTech to speak at Michigan Rubber Group and Mid-Atlantic Rubber Group - click to expand

Market Reports

Global release coatings market is forecast with a CAGR of 5.9 percent through 2022 - click to expand

Global latex caulk market forecast to grow at a CAGR of 4.6 percent through 2026 - click to expand

Global industrial rubber market to be valued at $167.9 billion by 2026 - click to expand

Global non-pneumatic tire market forecast to grow at a CAGR of 11% through 2024 - click to expand

Global fumed silica sales are likely to surpass 335,000 MT in 2018 - click to expand

Global waterproof tape market forecast to reach $14 billion by 2024 - click to expand

Global rubber gloves market forecast to reach 4.9 billion by 2026 - click to expand

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