Synthetic rubber production increases by 10 p.c.

Synthetic rubber production has rebounded in the last fiscal rising 10 per cent to 1.06 lakh tonnes, according to the Rubber Board data.

In the previous fiscal, production had dipped by nine per cent to 96,739 tonnes.

During 2009-10 fiscal, synthetic rubber consumption increased to 3.4 lakh tonnes registering a growth of 18.7 per cent against a negative growth of 1.4 per cent in the previous fiscal.

Consumption of the rubber by the automotive tyre sector, which accounts for more than half of synthetic rubber use in the country, increased by 28.7 per cent to 2.38 lakh tonnes in 2009-10, against 1.85 lakh tonnes in the previous fiscal.

The relative share of consumption of natural rubber and synthetic rubber in India changed to 73:27 during 2009-10 fiscal from 75:25 during 2008-09 fiscal, the board said.

Import of synthetic rubber by the rubber goods manufacturing industry during 2009-10 increased to 2.5 lakh tonnes compared to 1.9 lakh tonnes during 2008-09.

(thehindu.com)