Industry News

Chief Minister: Felda has improved 1500 poor households in Perlis state

October 9, 2017
Chief Minister: Felda has improved 1500 poor households in Perlis state

The opening of three Felda settlements in Perlis in 1980s had changed and transformed the socio-economic status of over 1,500 poor households in the state, according to Chief Minister Datuk Seri Azlan Man. He said the Felda settlements, which were…

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Saudi Aramco and Petronas team up for better strategic positioning in Johor

October 6, 2017
Saudi Aramco and Petronas team up for better strategic positioning in Johor

Saudi Aramco has entered into a strategic partnership with Petronas Chemicals Group Berhad (PCG) to improve its positioning of its petrochemicals projects within the Petronas Pengerang Integrated Complex (PIC) in the southern Malaysian state of Johor. The partnership marks a…

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Sabah rubber board: cess has nothing to do with exported low rubber price

October 6, 2017
Sabah rubber board: cess has nothing to do with exported low rubber price

The Sabah Rubber Industry Board (LIGS) today denied Warisan Sabah’s allegation that the raw rubber cess imposed on raw unprocessed rubber taken out of the state as why the rubber prices in Sabah has been low. It said in a…

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Giti Tire launches its first US plant; more than 1,700 jobs to be created

October 6, 2017
Giti Tire launches its first US plant; more than  1,700 jobs to be created

Tyre giant company Giti Tire Group recently unveiled its first US tyre factory.  The new 1.7 million square-foot facility, located in Richburg, South Carolina, is expected to create 1,700 local jobs as part of Walmart’s commitment to purchase an additional…

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Priest develops new high-yielding rubber

October 6, 2017
Priest develops new high-yielding rubber

A priest in India has developed a new high-yielding rubber variety which provides double the yield. Father Thomas who hails from Cheenikkuzhi at Udumbannoor in Thodupuzha developed it after more than three decades of continuous experiment. This is great news…

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Mudajaya clinches multi-million deal to build tower

October 4, 2017
Mudajaya clinches multi-million deal to build tower

Malaysian company Mudajaya Group Bhd has successfully snapped up a contract to build the 16-storey Hevea Tower in Sungai Buloh. The tower is expected to be the headquarter of the Malaysian Rubber Board. The amount of the contract is RM118.6…

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MIDA wants more companies to set up R&D centres

October 4, 2017
MIDA wants more companies to set up R&D centres

The Malaysian Investment Development Authority (MIDA) is urging Malaysian companies to set up research and development (R&D) centres to produce high-value products, which in turn would lead to high-value investments. Chief Executive Officer, Datuk Azman Mahmud said, the centres would…

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RISDA requests additional RM22 million for replanting project

October 4, 2017
RISDA requests additional RM22 million for replanting project

The Rubber Industry Smallholders Development Authority (RISDA) is requesting an additional allocation of RM22 million from the government for a replanting project involving 3,400 hectares of land. Minister of Rural and Regional Development Datuk Seri Ismail Sabri Yaakob said the…

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Indorama Ventures completes purchase of DuraFiber Technologies

October 4, 2017
Indorama Ventures completes purchase of DuraFiber Technologies

Global chemical manufacturer Indorama Ventures Public Company Limited (IVL) has completed its purchase of DuraFiber Technologies México Operations, S. A. DE C. V. (Durafiber). Durafiber is a leading Mexican producer of durable technical textiles for industrial, tyre reinforcement, and specialty…

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Wacker launches new representative office in Myanmar

October 4, 2017
Wacker launches new representative office in Myanmar

Chemical company Wacker has extended its Southeast Asian presence by opening a new representative office in Yangon, Myanmar. The Munich-based company said the office will distribute products of the chemical business divisions Wacker Silicones, Wacker Polymers and Wacker Biosolutions to…

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International Rubber Prices
(as of 16, October 2017)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


Source: India Rubber Board

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PRA ELECTRONIC ISSUE 2017
October 2017 Issue

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