Malaysia’s Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob announced dividends totalling RM46.45 million for 9,359 participants of the Rubber Industry Smallholders Development Authority (Risda) in Pahang. He said of the total, RM38.44 million was for Commercial Replanting…
Category: Industry News
Shares of Top Glove rise 3%
Shares of Top Glove Corp Bhdrose as much as 3% in early trade after it announced its bonus issue and US$300mil bond sale. The glovemaker, the second top gainer, rose 30 sen, ot 3% to RM10.30 in early trade. The…
Lonstroff receives EUR4.8 million from Slovenia to construct factory
The government of Slovenia has granted EUR4.8 million in financial incentives for the Swiss-based company Lonstroff to construct a factory. The factory will produce rubber parts for medical applications in central Slovenia. Lonstroff, a subsidiary of Japan’s Sumitomo Rubber Industries,…
Halcyon Agri buys four Indonesian factories
Halcyon Agri Corporation has purchased four Indonesian rubber factories for S$86.75 million. The deal came out of a memorandum of understanding in December between Halcyon Agri and vendors Liauw Chiang Sioe and Sjahrir Iskandar to buy the entire stake in…
China to slap temporary anti-dumping measures on synthetic rubber coming from US, Singapore and the European Union
China announced recently that it would impose temporary anti-dumping measures on synthetic rubber imported from the United States, the European Union and Singapore. The case could stoke the simmering tit-for-tat trade tiff between Beijing and Washington, with each side having…
Global polyisoprene rubber market to grow at a CAGR of 7.29% from 2018-2022
The global polyisoprene rubber market is forecast to grow at a CAGR of 7.29% from 2018-2022. One trend in the market is rising demand for biomass-derived IR. The use of bio-based feedstock in the production of synthetic rubber is one…
Perpetual Rubber to buy record amount of rubber through newly-launched ‘We Buy Rubber’ initiative
Perpetual Rubber has launched the ‘We Buy Rubber” initiative which will see it buy a record amount of rubber this year through new and existing reclamation partnerships. “We are experiencing an unprecedented demand for many types of rubber. Currently we’re…
Airless tyres market to grow at 8% CAGR over 2017-2024
The airless tyres market is projected to cross US$200 million by 2024.” High demand from heavy commercial and off-road vehicles coupled with high acceptance from military segment, specifically in developed nations is majorly driving the industry growth. Industry participants are continuously…
Fluorosilicone rubber market research report – forecast to 2024
Fluorosilicone rubber is a type of elastomer which is used in a wide range of applications due to its excellent mechanical and physical properties akin to silicone rubber. In brief, fluorosilicone rubber is called as modified version of silicone rubber…
Tyre material market to worth US$91.23 billion by 2022
The global market size for tyre material was US$73.93 billion in 2017 and is projected to reach US$91.23 billion by 2022, at a CAGR of 4.3% between 2017 and 2022. The increasing sales of vehicles is one of the most significant factors projected to…