Specialty chemicals company Lanxess has recorded another successful year. Ebitda pre-exceptionals rose by 29.6 % in fiscal year 2017 to EUR1.29 billion, the highest result in the company’s history. In the previous year, ebitda pre-exceptionals amounted to EUR995 million. The…
Category: Industry News
Four people killed due to Hyundai’s and Kia’s faulty air bag; U.S agency opens probe
Four people were killed and another six were injured after some air bags failed to deploy in Hyundai and Kia vehicles recently. The U.S. National Highway Traffic Safety Administration said it is launching a probe into why it happened. The…
Hartalega to increase glove production to 32 billion pieces
Malaysian nitrile glove-marker Hartalega Holdings Bhd plans to up annual production of its gloves from the current 27 billion pieces to 32 billion pieces by March 2019. Hartalega executive chairman Kuan Kam Hon said the group will stay focused on…
Top Glove to launch its own line of condoms called ‘Top Feel’
The world’s largest glove-maker Top Glove Corp Bhd is planning to launch its own condom brand called ‘Top Feel’ by the end of 2018. Production will start by June or July this year, chairman Tan Sri Dr Lim Wee Chai…
Professor from Japan develops rubber that generates and stores power from light and vibration
Kunio Shimada, a professor of fluid mechanics and energy engineering at Fukushima University in Japan, recently came up with a type of special rubber that can generate electricity from solar and kinetic energy and save the power generated. The 53-year-oldsays…
Malaysian rubber glove sector to reach RM18.8 billion this year – Margma
The Malaysian Rubber Glove Manufacturers Association (Margma) predicts that the rubber glove industry’s performance this year will perform well, with revenue expected to grow by 16 % year-on-year to RM18.8 billion. Margma Committee Member, Datuk Lee Kim Meow, said the…
Omsk Carbon Group to launch first stage of its plant in Belarus soon
The Omsk Carbon Group is expected to launch its first stage of its plant in Belarus soon. A working meeting between OCG management and the Vice Premier Minister of Belarus Vladimir Semashko had initially taken place on February 3 in…
Malaysia’s natural rubber production falls
The Malaysian Department of Statistics announced recently that natural rubber production fell 2.0 % in January 2018 to 65,792 tonnes from 67,101 tonnes produced in the previous month. Stocks rose 10.5 % to 254,525 tonnes at the end of January…
Industrial rubber market worth US$33.82 billion by 2022 – report
The report “Industrial Rubber Market by Application (Automotive, Building & Construction, Industrial Manufacturing, Polymer Modification, Wire & Cable, Electrical & Electronics, Bitumen Modification), Type, Product, and Region – Global Forecast to 2022” has recently been published by MarketsandMarkets. The report states that the industrial…
Top Glove’s Q2 net profit soars 32% to reach RM110 million
Malaysian company Top Glove Corporation Berhad’s net profit for the second quarter ended February 28, 2018, rose by 32.2 % year-on-year to a soaring RM109.99 million. Revenue increased to RM958.44 million from RM851.54 million a year earlier, as sales volume…