The cost of the raw materials has gone up. Industry-watchers said the price of tyres has been increasing 10 per cent every three months, for the past year.
ORIGINAL SOURCE
Wednesday, March 30, 2011
Industry to face rubber shortage as demand increases
SINGAPORE: Industry experts said the shortage in the supply of rubber is likely to continue this year due to high global demand. Observers attribute this to the strong growth of manufacturing industries in Asia, coupled with a drop in supply because of bad weather conditions.
The cost of the raw materials has gone up. Industry-watchers said the price of tyres has been increasing 10 per cent every three months, for the past year.
ORIGINAL SOURCE
The cost of the raw materials has gone up. Industry-watchers said the price of tyres has been increasing 10 per cent every three months, for the past year.
ORIGINAL SOURCE
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