Shares of Malaysian company Comfort Gloves rose 9%. The increase in shares came after the company clarified that its operations were not disrupted by the US Food and Drug Administration’s (FDA) action. The glovemaker gained 9.33%, or seven sen to…
Category: Industry News
Natural rubber faces oversupply and low price
The riff between U.S and China are causing uncertainty in the natural rubber market affected with oversupply and low price. An agreement by Thailand, Indonesia and Malaysia in late December to reduce exports by 350,000 metric tons expired on March 31. That’s…
The industrial rubber market is projected to reach US$33.82 billion by 2022
The industrial rubber market is projected to grow from US$26.99 billion in 2017 to US$33.82 billion by 2022, at a CAGR of 4.6% between 2017 and 2022. The application segment of the industrial rubber market includes automotive, building & construction,…
Majority of rubber planters in Malaysian state of Sabah are smallholders
Smallholders form the bulk of rubber planters in Sabah. 125,075ha of the 177,766ha of land in the state planted with rubber are managed by smallholders while the rest comprise rubber estates. “Keningau alone has 21,525ha of land planted by 5,902…
Hankook launches Kinergy St Tyre designed for long tread life and smooth handling
Hankook Tire has released its new set of high-performance tyres called Kinergy St (H735). The tyre is designed for long tread life and smooth handling. The company will manufacture the Kinergy St at its flagship U.S. manufacturing plant in Tennessee and at…
Ultra-high performance (UHP) tyre market predicted to grow at a CAGR of 9.8% during 2018-2023
According to “Global Ultra High Performance (UHP) Tire Market By Vehicle Type, By Tire Type, By Demand Category, By Region, Competition Forecast & Opportunities, 2013 – 2023”, ultra-high performance (UHP) tyre market is projected to grow at a CAGR of…
BMW, Daimler to team up cars-sharing businesses amid increasing competition
German luxury car manufacturers Daimler and BMW have joined forces to expand their businesses in new services such as car-sharing and electric vehicle to compete with the increasing competition such as Uber in the United States and Didi Chuxing in…
OTR tyres predicted to reach US$7.68 billion by 2025
According to a recent report by ResearchAndMarkets.com, the off-the-road (OTR) tyres marketis predicted to reach US$7.68 billion by 2025. The market was valued at US$5.34 Billion in 2017 and is projected to grow at a CAGR of 4.64% during the forecast period. The…
RNR signs deal to expand franchise in Georgia and Alabama, US
RNR Tire Express (RNR), the US’s fastest-growing tyre and custom wheel franchise, has inked a franchise deal to bring 16 new locations to parts of Georgia and Alabama, US, over the next six years. The business partners behind the deal, Mike Hultquist and Grant Wetherill of OzarkGa, LLC,…
Global rubber gloves market predicted to reach total market size of US$3.714 billion by 2023
The global rubber gloves market is anticipated to witness a compound annual growth rate of 7.95% during the forecast period to reach a total market size of US$3.714 billion by 2023, increasing from US$2.347 billion in 2017. Growing global healthcare industry is one of…