The Rubber Board has announced its intention to start an electronic trade platform to improve the marketing efficacy of participants in the supply chain of natural rubber.  

Satish Sharma, Chairman of the Automobile Tyre Manufacturers Association, will launch the logo ‘mRube’ prepared as part of this e-market on 28 April through a virtual meeting at Rubber Board, Kottayam, the board said in a statement. Representatives from all rubber stakeholder groups have been scheduled to attend the meeting. 'e-market' is expected to go live in the second week of May 2022. 

India's natural Rubber trade possesses an innate advantage of high-level marketing efficiency owing to its coherent supply chain. The rubber market ecosystem has changed significantly over the years with changing patterns of demand in terms of quality and quantity from the consuming sector.
Though price realisation is relatively good for producers of quality rubber, large volumes of ungraded rubber traded are in the country, the release said. 

These producers are losing their opportunity for want of proper market awareness. There are also cases where growers and co-operatives find it difficult to sell rubber as per quality grades to the final consumer, which often dissuades them from producing quality material. The size of the dealer fraternity is also seen shrinking. In 2000, there were 10,512 active rubber dealers in the country, which came down to 9741 in 2010. In 2020, the count shrunk to 7135, which is quite alarming, the board pointed out. 

Considering the scenario, the board proposes to set up an electronic trading platform to improve the efficacy of the domestic supply chain for natural rubber. The electronic trading platform is contemplated to complement the existing trade system by bringing in more transparency and market visibility. It is expected that e-trade could bring more business to the existing rubber dealers, processors and manufacturers by reaching out to new sellers/ buyers, even in far-off places. 

The e-trade platform is branded as “mRube’ and i- Sourcing Technologies Pvt. Ltd. Ahmedabad is the technology partner for developing this electronic trade platform. The software development for this electronic market is over, and final testing is in progress, the board said. 

The electronic market follows a simple one-time registration for users. Users shall input their Rubber Board license number, and the system will fetch the rest of their details from the Rubber Board licensing portal, and an OTP based validation will complete the registration.  

‘mRube’ attempts to figure out certain impending issues in the current rubber marketing system. Despite being used in the manufacture of products with critical importance like automobile tyres and tubes, surgical and pharmaceutical products etc., there is no systematic arrangement for certifying the quality of rubber traded in the country. In the proposed electronic market, the Rubber Board has a system for assaying the quality of rubber, which will be a game-changer in the domestic NR trade. Besides this, Rubber Board has joined hands with Federal Bank Ltd and ICICI Bank Ltd. to operate the payment gateway and escrow account, which will nullify the payment risk of buyers and sellers involved in trade through this portal. 

It said for the first time in the history of commodity trade, either online or offline, banks had agreed to finance “zero interest rate” advances to sellers. The board also made arrangements with two partnering banks to extend zero interest rate facility to rubber sellers trading through this e-market. Also, ‘mRube’ allows users to filter out buyers and sellers according to their geographical location, quantity, grade of rubber, customer ratings etc. The buyers and sellers can upload their offers, and there is a provision for quoting counter-offers before confirming the trade. Personalised trade pages are available for those buyers whose purchases are from their empanelled vendors. A unique feature built into the system is the generation of legalised trade contacts signed using DSC. The Android and ios versions of e-market mobile applications are also ready for use, the release added. (TT)

As part of a strategic effort to increase its presence in the region's premium original equipment (OE) market, Kumho Tire has confirmed its plans to establish its first tyre production facility in Europe by 2027.

The company has shortlisted Poland, Serbia and Portugal as possible locations for the plant, which is projected to need an investment of more than KRW1 trillion (USD 705 million). The decision is closely linked to Kumho’s ambition to strengthen its partnerships with European automakers and was revealed by Kumho Tire CEO during the South Korean premiere of Kumho's new Ecsta Sport tyre line.

Kumho has recently secured OE supply contracts with major brands such as Mercedes-Benz, BMW and Volkswagen Group. At the moment, Kumho runs eight tyre production plants in China, Vietnam, South Korea and the US. Its capacity to compete in the premium OE market, however, has come to be perceived as being constrained by the absence of a European production base. Through the benefits of local production, the new facility will improve response to European client requests, save freight costs and shorten delivery times, all of which will strengthen the company's partnerships.

Sentury Tire USA has opened pre-enrolment for its two associate dealer programmes (ADPs), the Delinte HYPERDRIVE Associate Dealer Program and the Landsail Elyte Associate Dealer Program, underscoring the company’s commitment to rewarding dedication and partnership to the Landsail and Delinte brands.

The ADPs, which are customised for each brand and intended to encourage dealers, will formally start on 1 June 2025. Both programmes give dealers access to special benefits, incentives and strong tools to help them expand their businesses. This involves dependable customer service, effective marketing and worthwhile financial incentives to promote dealers' success at every stage.

Beginning in Q3, dealers may earn up to USD three per tyre through the Delinte HYPERDRIVE Associate Dealer Program. Dealers can receive retroactive benefits for purchases completed in Q2 if they register before 1 June. The awards are available for all Delinte PTR, LTR and the new DV3 LMD AS last-mile delivery tyres. For all Landsail PTR and LTR tyres, independent dealers that sign up for the Landsail Elyte Associate Dealer Program can also earn up to USD three per tyre. For customers who sign up by June 1, the new LMD 100 AS last-mile delivery is also eligible for the benefits and will get the same early bird incentive for Q2 2025.

No initial order is necessary. Dealers only need to register to begin making money. According to the monthly programme rewards structure, 48 tyre purchases each month are eligible for a reward of USD one per tyre, 120 tyres are eligible for a reward of USD two per tyre and 240 or more tyres are eligible for a reward of USD three per tyre.

ENSO, a London-based tyre manufacturer engaged in the production of sustainable tyres specially designed for electric vehicles (EVs), has launched its new ENSO Premium range of EV-specific ultra-high-performance (UHP) tyres aimed at drivers of high-performance EVs such as the Tesla Model 3 and Model Y.

Specifically designed for electric passenger vehicles, the ENSO Premium range comes with A/A EU-label ratings for both energy efficiency and wet grip. The tyres are designed to provide safety, increased range and a reduced total cost of ownership. Conventional tyre designs frequently fall short of the special performance needs of electric vehicles, which include greater vehicle weight, regenerative braking and higher torque loads. By lowering tyre wear and rolling resistance, ENSO Premium takes care of these issues.

The company is an authorised provider of replacement tyres for LEVC's electric taxis and has partnered with Uber to install its tyres in high-mileage metropolitan areas. The company now plans to grow throughout Europe and North America, and with ENSO Premium, it is now offering its services to individual EV owners throughout the United Kingdom. According to ENSO, the range offers advantages including longer tyre life and fewer replacements, lower energy usage, fewer charging stops and lower CO₂ emissions and tyre particle pollution.

Gunnlaugur Erlendsson, CEO and Co-Founder, ENSO, said, “We’re plugging a long-standing gap in the tyre market by offering EV drivers a purpose-built, affordable, premium EV tyre alternative that matches the innovation of their EV.”

Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, has announced a general price hike in North America for its SBS, SIS and HSBC product lines with effect from 1 May 2025.

Following a careful analysis of the effects of recently implemented tariffs, related cost increases and a conclusion that the company cannot independently absorb these repercussions, Kraton is adopting these pricing hikes, according to a company statement. The company further said that it will keep an eye on the scene and reassess these measures promptly in the event that conditions and US import tariffs alter.