NR prices support double-digit growth at SIPH

Paris – Société Internationale de Plantations d’Hévéas (SIPH) has posted double-digit growth in year-to-date sales –  reflecting a steep rise in natural rubber prices compared to last year.

For the three months to 30 Sept, the Michelin-owned company achieved an 18.4% rise in sales to €89.2 million compared to the same quarter last year.

Of that amount, €84.2 million related to sales of natural rubber, SIPH reported 15 Nov. This, it said, was 20.9% higher than in last year’s third quarter.

For the first nine months of this…

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