PETALING JAYA – Glove maker Top Glove Corp Bhd expects to grow its global market share to 30% from 26.7% by the end of the year. “The global market volume consists of 150 billion pieces of gloves per year. Top…
Category: Pan-Asia
South and East Asia rubber news
Cabinet authorizes BAAC to lend THB17Bil to prop up rubber prices
THAILAND – The Cabinet has green-lighted a special project to prop up local rubber price. Deputy government spokesman Anusorn Eiamsaard said that, at its weekly meeting, the Cabinet has resolved to approve a rubber-price support measure, as proposed by the…
Chiangrai farmers starting to grow rubber trees
THAILAND – Many farmers, lured by hearty annual returns of 800,000 baht per 20 rai, have abandoned rice for rubber farming across the North, Northeast and East. Some formerly debt-ridden landowners have been able to pay off their loans after…
Rubber may drop ‘sharply’ through March, Goldman Sachs says
THAILAND – Rubber may decline “sharply” through March as the end of the low-production season in Southeast Asia approaches and demand stays weak in China, the biggest consumer, said Goldman Sachs Group Inc. Prices have been “artificially inflated” after Thailand,…
Malaysia eyes India’s rubber automotive parts market
NEW DELHI – Malaysia, the world’s fourth largest natural rubber producer, now aims to sell rubber automotive parts in India’s vibrant automotive segment. Malaysian exporters are trying to squeeze into India’s already congested market, but are confident their quality products…
Indonesia’s 2012 rubber production growth may slow on weather
INDONESIA – Natural-rubber production in Indonesia, the second-largest grower, may increase at a slower pace this year as a moderate La Nina potentially disrupts tapping even as more trees are maturing, an industry group said. Output may rise 6.5 %…
Sri Lanka’s rubber traders face slow start in 2012
COLOMBO – Traders in the world’s seventh largest natural rubber exporter Sri Lanka fear that volumes for the first quarter may be low after the first auction in the new year failed to brighten prices, an official said here recently.…
M’sia to emerge as world’s No. 1 contraceptive maker, says agency
KUALA LUMPUR, Malaysia – A leading rubber industry agency has predicted Malaysia will emerge as the world’s top condom producer this year, dethroning Thailand as the market leader. The Malaysian Rubber Export Promotion Council said Malaysia has captured at least…
Lanxess teams up with Hwaseung
Lanxess and South Korea’s tier-one automotive supplier, Hwaseung Corporation, have entered into a long-term agreement where Lanxess will supply Hwaseung with EPDM rubber and both companies will focus R&D efforts on speciality rubber applications. Ethylene propylene diene monomer (EPDM) synthetic…
Momentive expands to South Korea
SILICONES supplier Momentive Performance Materials has expanded its marketing and technology operations in Seoul, South Korea, with a new application development centre at the Gasan Digital Complex to meet growing demand for speciality silicone products in the country. The new…