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IFC accepts complaint over Ratanakkiri rubber plantations

The International Finance Corporation’s compliance ombudsman has officially accepted a complaint filed by ethnic minority families in Ratanakkiri province against the IFC for investing in rubber plantations accused of stealing land and clearing forests. In a letter sent to the…

AmResearch maintains Buy on Kossan Rubber

AmResearch is maintaining its Buy rating on Kossan Rubber Industries with an unchanged fair value of RM5.05 a share. It said on Thursday it continues to peg itsvaluation to a price-to-earnings (PE) of 17.5 times over its FY14F earnings. “Kossan…

Asahi Kasei intensifies petrochemical operations in Japan

Asahi Kasei Corp., Asahi Kasei Chemicals Corp., and Asahi Kasei E-materials Corp. have made a decision to strengthen their petrochemical operations in Japan as described below. Having identified acrylonitrile (AN) and solution-polymerized styrene-butadiene rubber (S-SBR) for fuel-efficient tires as world-leading…

Double Camel recalls 1,440 Vail trailer tyres

Qingdao Xiyingmen Double Camel Tyre Co. Ltd., in cooperation with Lionshead Specialty Tire & Wheel LLC, is recalling certain Vail Sport ST LH 99 tubeless trailer tyres. The number of potential units affected is 1,440. The tyres, in size 225/75D15,…