Swedish engineered polymer solutions firm Trelleborg has reduced its assets in the offshore oil & gas segment after divesting its offshore operation in Norway. In the financial statements the operation is recognized among Assets held for sale. It had annual sales of…
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GRI opens new Sri Lankan rubber collection centre; boosts rubber community support with Green X Circle
Global Rubber Industries Pvt Ltd (GRI), a specialty tyres manufacturer in Sri Lanka has opened its latest rubber collection centre in Buttala in the Monaragala District, as part of the company’s Green X Circle initiative. GRI jump-starts 2021 with outreach initiatives,…
Prince Premium+ taps PPE Advantage to distribute gloves in the US, Latin America
Malaysia-based Prince Premium+, an emerging glove brand manufactured by GIS Resources Sdn Bhd has entered into a three-year distribution agreement with Chicago-based PPE Advantage (Dsource LLC). Under the agreement, PPE Advantage becomes a US Master Distributor of Prince Premium+ nitrile…
Sibur and TAIF to merge petchem businesses
Russian petchem firm Sibur and TAIF have initiated a number of steps to combine their petrochemical businesses. Existing TAIF shareholders will receive a 15% stake in PJSC Sibur Holding in exchange for the transfer of a controlling interest in TAIF’s group…
GS joins vegan leather league with eco-friendly silicone rubber leather
Taiwanese silicone product manufacturer General Silicones (GS) joins the ranks of plastic-free leather producers with its offering of vegan leather made of silicone rubber – an eco-friendly take to traditional faux leather that is made of petroleum-based materials like PVC. The raw material for silicone rubber…
Sanichi to venture into rubber gloves
Malaysian precision plastic injection mould manufacturer Sanichi Technology Bhd is diversifying into the rubber glove industry. To enable this, it has issued up to 1.42 billion renounceable rights issue, at an issue price of RM0.08 with up to 712.21 million free warrants…
Poor tapping activities caused low rubber incentives claims – plantation minister
Only 110,000 out of 500,000 or about 22% of smallholders in Malaysia have claimed the Rubber Production Incentive (IPG) to date, according to Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali, adding that poor rubber tapping activities or plantations…
KRC draws over RM2 bn investments; an ideal hub for med devices
Kedah Rubber City (KRC) , the first dedicated Rubber Industrial Park in Kedah, covering an area of 1,244 acres, is reported to have attracted over RM2.2 billion investments for advanced latex products development, production of feedstock, manufacturing, storage warehousing and logistics.…
Yokohama Rubber develops world’s first technology for producing biomass BD
The Yokohama Rubber Co, Ltd has developed the world’s first technology for producing butadiene (BD) from a biomass. The breakthrough was achieved by the Bio-monomer Production Laboratory jointly established with the Riken and synthetic rubber manufacturer Zeon Corporation. Yokohama Rubber,…
Symbio advances hydrogen mobility with new dev’t projects, construction of largest hydrogen fuel-cell in France
Symbio, a joint venture between Michelin and Faurecia, is working on two development projects: one with bus maker Safra, the other with Stellantis. Michelin is determined to become a world leader in hydrogen fuel cell systems through Symbio, its joint…