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Rubber glove stocks rocket after COVID-19 pandemic declaration

Rubber glove manufacturers have seen increased demand since the World Health Organization declared the COVID-19 outbreak a pandemic – gains were reflected in rubber glove stocks, including Malaysian rubber glove manufacturers such as Top Glove, Hartalega Holdings, Kossan Rubber Industries,…

Ansell to purchase 50% equity in Malaysian glove maker

Australian protection solutions provider Ansell Limited is acquiring 50% of the issued shares in Careplus (M) Sdn Bhd from Careplus Group Berhad for a total consideration of RM37 million (approx. US$9 million) including capital investments and subject to Careplus Group…

Continental’s 2020 outlook muted on auto sector decline

In a sharply deteriorating market environment, German technology firm Continental says it has managed to achieve its adjusted targets for fiscal 2019, as the Hanover-based company chalked up sales in the past fiscal year of EUR44.5 billion (2018: EUR44.4 billion), while the adjusted…

Pirelli hit by Covid-19; slows down production in Italy

Italian tyre maker Pirelli has become the latest “victim” of Covid-19. It says that an employee at its Settimo Torinese factory has been confirmed by healthcare authorities of having tested positive for Covid-19. To safeguard the other employees, Pirelli says…