Swedish engineered polymer solutions firm Trelleborg has reduced its assets in the offshore oil & gas segment after divesting its offshore operation in Norway. In the financial statements the operation is recognized among Assets held for sale. It had annual sales of…
Category: Industry News
Prince Premium+ taps PPE Advantage to distribute gloves in the US, Latin America
Malaysia-based Prince Premium+, an emerging glove brand manufactured by GIS Resources Sdn Bhd has entered into a three-year distribution agreement with Chicago-based PPE Advantage (Dsource LLC). Under the agreement, PPE Advantage becomes a US Master Distributor of Prince Premium+ nitrile…
Sibur and TAIF to merge petchem businesses
Russian petchem firm Sibur and TAIF have initiated a number of steps to combine their petrochemical businesses. Existing TAIF shareholders will receive a 15% stake in PJSC Sibur Holding in exchange for the transfer of a controlling interest in TAIF’s group…
GS joins vegan leather league with eco-friendly silicone rubber leather
Taiwanese silicone product manufacturer General Silicones (GS) joins the ranks of plastic-free leather producers with its offering of vegan leather made of silicone rubber – an eco-friendly take to traditional faux leather that is made of petroleum-based materials like PVC. The raw material for silicone rubber…
Sanichi to venture into rubber gloves
Malaysian precision plastic injection mould manufacturer Sanichi Technology Bhd is diversifying into the rubber glove industry. To enable this, it has issued up to 1.42 billion renounceable rights issue, at an issue price of RM0.08 with up to 712.21 million free warrants…
KRC draws over RM2 bn investments; an ideal hub for med devices
Kedah Rubber City (KRC) , the first dedicated Rubber Industrial Park in Kedah, covering an area of 1,244 acres, is reported to have attracted over RM2.2 billion investments for advanced latex products development, production of feedstock, manufacturing, storage warehousing and logistics.…
Asahi Kasei R&D moves to new site in Europe; US medtech subsidiary acquires implantable device maker
Japanese chemical company, Asahi Kasei has recently relocated its Asahi Kasei Europe R&D Centre, originally sited at Chempark Dormagen, to Düsseldorf Harbour, Germany. By uniting European sales, marketing and R&D activities, the Japanese technology company further enhances its business approach…
Guizhou Tyre begins tyre production in Vietnam plant
Chinese tyremaker Guizhou Tyre ( formerly Guizhou Tyre Factory) has produced its first tyre at its Vietnam plant on 1 April. It will also start product testing and certification processes. Located in the industrial park of Long Giang in the province of Tien Giang, the factory would have a production capacity of 1.2 million/year units of tyres for…
Synthomer unveils new Asia Innovation Centre in Malaysia
Synthomer has recently launched its Asia Innovation Centre (AIC) at iPark near Senai Airport, Johor Bahru despite the pandemic. The 6,000+ sq m flagship facility that is now fully operational and ready to offer research and development services for Performance…
Shin-Etsu launches new website for silicone products for India
Japan-headquartered Shin-Etsu Chemical Co. Ltd. has recently opened a website for silicone products for the Indian market. The website has two key parts: silicone products and application examples, and company introductions. The website also has e-commerce functions. Silicone, a high-functional…