Malaysian company Top Glove Corporation Berhad’s net profit for the second quarter ended February 28, 2018, rose by 32.2 % year-on-year to a soaring RM109.99 million. Revenue increased to RM958.44 million from RM851.54 million a year earlier, as sales volume…
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Third quarter earnings of BAuto rise more than 60%; its shares jumped too
BAuto saw its shares ended 14 sen higher to RM2.16. This was after the company’s third quarter earnings soared more than 60%. BAuto is the official distributor of Mazda cars in Malaysia. RHB Research attributed this to robust Mazda sales…
Domestic rubber market is positive as demand for rubber gloves rise – Affin Hwang Capital Research
Strong demand for rubber gloves is driving the domestic rubber products market, Affin Hwang Capital Research said. The firm has told its clients to buy Supermax Corp Bhd. It also said that the vinyl supply disruption in China would drive long-term…
Kossan Rubber to buy two plots of land in Mukim Bidor, Perak
Kossan Rubber Industries Bhd has entered into a sale and purchase agreement with Perbadanan Kemajuan Negeri Perak. The agreement is to purchase two plots of land for a total of RM82.4 million The land stretches for 824.1 acres and is…
Pirelli introduces its cyber car
After 20 years of pursuing the creation of intelligent tyres and working with organisations such as Milan Polytechnic Foundation for Smart Mobility and Berkeley Wireless Research Center, tyre-maker Pirelli has gathered its knowledge and technology to create a cyber car.…
Maxxis launches first manufacturing factory in India
Taiwanese tyre-maker Maxxis has launched its first manufacturing plant in India, increasing the competition in the tyre industry. This came after four years the company entered the Indian market. Maxxis is a unit of Taipei-listed Cheng Shin Rubber Industry. It…
To celebrate International Women’s Day, Apollo Tyres launches all-women rubber sheet making unit
To commemorate International Women’s Day, Apollo Tyres recently launched a rubber sheet making unit to be run solely by rubber tapper’s wives at Vellavoor Panchayat in Kottayam district. S Jayasooryan, Vice-Chairman, Rubber Board, inaugurated the unit. The women have been…
Demand for rubber mechanical goods to grow 6.3% annually through 2022
Global demand for rubber mechanical goods is forecast to advance 6.3% per year to US$76.7 billion in 2021. It is in line with the anticipated gains for the market as a whole, although this rate of growth is a major…
Liquid silicone rubber market predicted to top US$7.9 billion by 2026 – Future Market Insights
The demand for injection materials such as liquid silicone rubber is sharply increasing. This is due to several factors: molding processes are gaining grounds in the manufacturing sector and liquid silicone rubber contains versatile characteristics and unique properties. A wide…
Top Glove to introduce greater automation in its production lines
Malaysian company Top Glove Corp Bhd is set to rely less on manual labour and instead up its adoption of greater automation and digitalisation of its production lines. This effort will see a reduction of foreign workers by 50 %…