Industry News

Shares of glove-maker Supermax dips after founder charged for insider trading

November 29, 2017
Shares of glove-maker Supermax dips after founder charged for insider trading

Shares in Malaysia’s Supermax Corp Bhd, fell sharply on Monday after its founder was convicted of insider trading concerning another company he used to head, and sentenced to five years in jail. Supermax is the world’s No. 2 maker of…

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Lotte Versalis Elastomers new complex in South Korea

November 27, 2017
Lotte Versalis Elastomers new complex in South Korea

Lotte Versalis Elastomers, a 50:50 joint venture between Italys’s Versalis (Eni) and South Korean petrochemical firm Lotte Chemical have opened a new integrated industrial complex for the production of elastomers in Yeosu, South Korea. The company says the new plant…

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Felcra develops 6,500 hectares of idle land in Kelantan, Malaysia

November 27, 2017
Felcra develops 6,500 hectares of idle land in Kelantan, Malaysia

Felcra Berhad has so far developed 6,500 hectares of idle land in Kelantan with the involvement of 2,000 settlers said Malaysia’s Deputy Rural and Regional Development Minister Datuk Ahmad Jazlan Yaakub. He said this was relatively small as compared with…

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CEO of Malaysian glovemaker Supermax convicted with insider trading charges

November 27, 2017
CEO of Malaysian glovemaker Supermax convicted with insider trading charges

The chief executive of Malaysian rubber glove maker Supermax Corp Bhd has been found guilty of insider trading offences, relating to when he was CEO of another company, and has been sentenced to five years in jail, the Securities Commission…

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Top Glove to acquire Aspion Sdn Bhd for as much as US$350 million

November 27, 2017
Top Glove to acquire Aspion Sdn Bhd  for as much as US$350 million

Top Glove Corp Bhd is planning to acquire the surgical glove producing company Aspion Sdn Bhd for an estimated price of up to RM1.44 billion (US$349.60 million). Aspion Sdn Bhd is a unit of Adventa Capital Pte Ltd. The acquisition…

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Wacker launches new technical center for construction, textile and consumer-care in Istanbul

November 24, 2017
Wacker launches new technical center for construction, textile and consumer-care in Istanbul

Chemical business Wacker Chemie AG has unveiled its range of services in Turkey with today’s official opening of a technical center for construction, textile and consumer-care applications in Istanbul. The technical facility serves as an application and test laboratory for…

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Keltan Eco part of the official match ball for Soccer World Cup 2018

November 24, 2017
Keltan Eco part of the official match ball for Soccer World Cup 2018

The new official soccer ball of the World Cup 2018 contains the bio-based EPDM rubber Keltan Eco from Arlanxeo, one of the world’s leading suppliers of synthetic rubber. The EPDM rubber (ethylene-propylene-diene monomer) Keltan Eco 6950 is the rubber basis…

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FGV records net profit of RM38.77 million in third-quarter 2017

November 24, 2017
FGV records net profit of RM38.77 million in third-quarter 2017

Felda Global Ventures Holdings Bhd (FGV) has recorded a net profit of RM38.77 million in the third quarter (Q3) ended September 30, 2017 from a net loss of RM73.61 million recorded in the same quarter a year ago. The company…

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Mitsubishi Materials shares drop after units falsify product data

November 24, 2017
Mitsubishi Materials shares drop after units falsify product data

Mitsubishi Materials Corp saw its stock fall as much as 11 percent on Friday after it said three subsidiaries had falsified product data, marking the latest in a series of quality assurance scandals involving Japanese manufacturers. Mitsubishi Materials said inspection…

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Guizhou invests US$400 million in building factory in Vietnam

November 24, 2017
Guizhou invests US$400 million in building factory in Vietnam

Guizhou Tyre Co recently signed an agreement with Vietnam’s Qianjiang province for a total investment of US$400 million to build a factory in Longjiang Industrial Park in Qianjiang. The project will be carried out in three phases. The first phase…

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International Rubber Prices
(as of 05, December 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
November/December 2017 Issue

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