The profit growth had been driven by several factors such as a weakened ringgit versus the US dollar and lower raw material prices.
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Yokohama Rubber to produce auto aircon hoses in Mexico
YOKOHAMA Rubber Co, Ltd, has announced that its US subsidiary YH America, Inc (YHAI), will start production of automotive air conditioning hoses in Mexico. YHAI, which engages in the assembly and sale of automotive air conditioning and power steering hoses,…
Halcyon releases first sustainability report
The Report outlines the measures that the Catalist-listed company has taken in conserving the environment, engaging stakeholders from upstream suppliers to end customers ,and implementing best practices that comply with certified standards.
Cooper 2Q profit drops; confident with Apollo merger
COOPER Tire & Rubber has posted a 31% drop in the second quarter. It said, its sales declined while costs increased. Citing its company report, net sales were US$884 million, a decrease of US$174 million compared with the same period…
Indian firm grows rubber in Saudi
INDIA-based firm, Cheerakuzhy Rubber Nursery, is setting up a 100-acre rubber plantation at Al Gahma in the Red Sea coast of Saudi Arabia, which has moderate climate and farms. Yasser Ghazi Maleh Al Shammari, a Saudi farmer, attempts at growing…
Sinopec and Sibur to produce synthetic rubber
The nearly US$50 million worth venture is said to be established for 30 years, but may still be extended later on.
Malaysia to implement clustered rubber plantation in Penang
THE MALAYSIAN Government, through its Rural Transformation Programme, will implement a clustered rubber plantation project to help uplift the living standards of the Penan community at Long Beruang. In a statement, Deputy Chief Minister Datuk Patinggi Tan Sri Dr Alfred…
Trelleborg unveils new SugarCane tyres
TRELLEBORG has launched its new 710/70R38 TM800 SugarCane, specifically engineered for sugar cane applications. Lorenzo Ciferri, Marketing Director Agricultural and Forestry Tires at Trelleborg Wheel Systems, said, “The Trelleborg TM800 SugarCane tyre is the result of years of experience and…
Nigerian rubber group seeks recovery of ailing sector
Rubber used to be the fourth largest foreign exchange earner for Nigeria after crude oil, hide and skin and cocoa. Bur the Government has shifted its focus to crude oil – neglecting rubber.
Continental upgrades truck tyres’ fuel economy, wear
CONTINENTAL Tire the Americas’ Commercial Vehicle Tire group has announced updates to its commercial light truck tyre lines for North America, the HSR and HDR. Available now for both original equipment and replacement, the improved HSR (Heavy Steer Regional) and…