LONDON (March 4)—Three European rubber trade groups are joining forces to create a new organization, the Rubber Trade Association of Europe, which will be "committed to promoting the best practices in the marketing and trading of rubber," according to a prepared statement. The organization has sprung from three well-established rubber trade groups: Association of the International Rubber Trade in London; the Nederlandse Vereniging voor de Rubberhandel in Amsterdam, Netherlands; and the Verein der Kautschukhandel-beteiligten Firmen in Hamburg, Germany. These three bodies—all around 90 years old—will merge to create the new association. Europe consumes around 20 percent (1.4 million metric tons) of natural rubber produced in the world, and produces and consumes about a third (3.5 million tons) of synthetic rubber each year.
European rubber trade groups form new association
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