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Top Glove upgraded to Buy, unch TP of RM6.32

UOB Kay Hian Malaysia Research has upgraded Top Glove to a Buy with an unchanged target price of RM6.42 as it will benefit from falling latex prices and is set to capture additional demand from a possible avian influenza pandemic.…

Rhein Chemie joins Tire Technology Expo

Under the motto , “125 years of focusing on the future. For a world in motion, Rhein Chemie, a wholly owned subsidiary of the specialty chemicals group Lanxess, has presented its comprehensive portfolio of innovative solutions for tyre manufacturers at…

Continental expands global presence with Veyance acquisition

German automotive supplier and tyre maker Continental has concluded an agreement with The Carlyle Group based in Washington D.C., US, relating to the purchase of Veyance Technologies based in Fairlawn, Ohio, US for approximately EUR1.4 billion. Veyance operates globally in…

On the road to higher gains

The increase in demand for tyres from Asia, is estimated to reach 4.3% annually through 2017 to 2.9 billion units and this should bode well for the synthetic rubber industry

Families to file complaint with IFC over rubber plantations

Some of the hundreds of families losing land and community forest to Vietnamese-owned rubber plantations in Cambodia’s northeast will this week file a complaint with the International Finance Corporation (IFC) over the investment it has made in the plantations’ parent…