subject: Industry Summit Brings Together Leading Rubber Manufacturers [print this page] A number of leading rubber manufacturers from all over the world will be descending on a key conference next month to give their views on the industry.
The World Rubber Summit 2012, which is going to take place at the Raffles City Convention Centre in Singapore between the 22nd and 24th of May, will also include major companies such as Michelin, Bridgestone and Volkswagen.
The summit has been put together by the International Rubber Study Group (IRSG), the only international body that represents the world rubber industry, the summit will include keynote speeches, detailed discussions and workshops on some of the major challenges facing companies operating in the rubber industry.
Some of the challenges facing companies include the rubber industrys growth and sustainability, commodity pricing and access to finance options.
Furthermore, there will also be detailed discussions on the predicted trends that will help drive global rubber business.
The event will specifically concentrate on tyre manufacturing, and will also host some of the leading figures from within the global rubber community, such as Michel Rollier, managing partner of the Michelin Group and Shoshi Arakawa, chairman of Bridgestone.
"We are really delighted by the strong interest and support being given to this event as our programme will offer broad appeal to the business leaders of our industry," stated Dr Stephen V Evans, secretary general of the International Rubber Study Group.
The world rubber market manufactures products for a wide range of different sectors such as automotive, engineering and plastics.
Moreover, rubber manufacturers can make a wide selection of different applications and products, such as industrial rubber matting, precision tyres, textiles and furniture.
Furthermore, the IRSG has predicted that global rubber consumption for the upcoming year is forecast to stand at 11.3 million tonnes. In 2013, this is predicted to increase to 11.8 million tonnes.
The long term forecast looks very rosy with the predicted global rubber consumption set to reach 36.7 million tonnes by 2020.
Despite the fact that the industry experienced increased in growth in 2010, the IRSG stated that the impact of the European sovereign debt crisis has steered it towards revising its projections for future growth; however, the global rubber industry remains in a very strong position.
