IN THE RECENT week, Malaysia’s Top Glove Corp Bhd raised its glove prices to offset the effect of electricity tariff hike on its production costs and profits. At the onset of 2014, manufacturers wrestle against the 16% to 38.53 sen/kWh…
Author: admin
Indonesian palm oil producer expands into rubber
THIS YEAR< Indonesian palm oil producer PT Sampoerna Agro plans to cultivate up to 3,000 hectares of rubber, aside from planting up to 10,000 hectares of land for palm and 2,000 hectares for sago, according to a report by Reuters,…
Alaska Rubber acquires new sites in Washington
US hose and fittings supplier, Alaska Rubber Group has acquired five additional locations in Washington state. The Group, which consists of three locations within Alaska, namely, Anchorage, Fairbanks, and Wasilla, has bought the five additional locations that used to be…
Asia drives EPDM rubber market to reach US$6.5 billion by 2017
The report says that the region is the largest EPDM market, which is expected grow with end-user industries such as automotive, wire & cables
Vietnam rises to the third largest rubber exporter spot
THIS YEAR, Vietnam is projected to increase rubber output to 1.5% to 995,000 metric tonnes, following a 14% to 980,000 metric tonnes increase in 2013. The growth in yields has made Vietnam edged out Malaysia from its third spot ranking…
Philippines expands green initiative with rubber, crops plantations
THE PHILIPPINES is set to expand coffee, cacao and rubber plantations in Mindanao,as part of its National Greening Programme (NGP), According to the director of the Forest Management Bureau Department of Environment and Natural Resources (DENR), the Php6.2-billion NGP for…
Cooper moves on and away from merger deal with Apollo Tyres
US tyre maker Cooper Tire & Rubber Co recently announced that it has dropped out from the merger agreement it waxed in early June of 2013 with Indian tyre maker, Apollo. After a series of disputes over the US$2.5 billion…
Freudenberg clinches Ansell’s Marigold rubber gloves
GERMAN-owned Freudenberg Home and Cleaning Solutions (FHCS), has acquired glove maker Ansell’s Marigold household glove and cleaning products business, which reportedly posts annual sales of around EUR17 million. The deal entitles FHCS to own the global trademark rights for Marigold…
Rubberex quits glove business deal with Alliance Rubber
MALAYSIA-based Rubberex Corporation has recently cancelled a proposed corporate exercise involving the purchase of glove business for RM113mil from Alliance Rubber Products Sdn Bhd. Rubberex announced that the deal involving the acquisition of the glove business and all the production…
Rosneft waxes agreement for SBR venture in Armenia
RUSSIAN oil company , Rosneft, represented by its Chairman, Igor Sechin has met recently with Armenia’s President, Serzh Sargsyan for official discussions on the planned styrene-butadiene rubber (SBR) production joint venture in the country. Meanwhile, Rosneft; Pirelli Tyre Russia, and…