After snapping up Aspion Sdn Bhd, its largest buy to date, Malaysian company Top Glove Corp Bhd is eyeing more acquisitions. Executive chairman Tan Sri Lim Wee Chai said that the acquisition of Aspion is the company’s largest and is one…
Category: Industry News
Michelin launches its first fuel-saving tyres called Michelin X Multi Energy
Michelin has launched its new range of fuel-saving tyres called Michelin X Multi Energy. The tyres replace the X Multiway 3D and offer a distinct product choice for regional haulage operators – fuel saving priority or longevity priority. The Michelin…
Malaysia’s natural rubber production fell 28.7% in February
According to the Malaysian Department of Statistics, the country’s natural rubber (NR) production declined 28.7 % in February to 63,246 tonnes from 88,698 tonnes produced in the same month last year. The smallholdings sector accounted for 91.4 % of the…
Tyre market in China predicted to grow at a CAGR of over 10% by 2023
According to a report titled “China Tire Market By Vehicle Type, By Demand Category, By Radial Vs, Bias, By Rim Size, By Price Segment, Competition Forecast and Opportunities, 2013-2023”, the tyre market is projected to grow at a CAGR of…
Vietnam-Philippine automotive market poised for positive growth in 2018
According to market intelligence firm Frost & Sullivan’s, the Vietnam and Philippine automotive markets are poised for strong economic prospects and policies supporting the automobile industry. In Vietnam, new car sales volume in 2018 is expected to grow to 256,000 units, up…
CIMB Research downgrades Kossan’s stock to ‘hold’ after expansion plans delayed
The research house CIMB has downgraded the stock of Kossan Rubber Industries Bhd after the Malaysian glovemaker ran into teething problems during its expansion plans. The research house downgraded the stock to a “hold” from “add” with a lower target…
Global disposable medical gloves market predicted to hit US$5,994 million by 2023 – report
According to a new report published by Allied Market Research, the global disposable medical gloves market was valued at US$3,819 million in 2016, and is projected to reach US$5,994 million by 2023, growing at a CAGR of 6.9% from 2017 to 2023. In 2016, the…
Polyisoprene rubber market to grow at a CAGR of 7.29% from 2018 to 2022 – report
According to the Global Polyisoprene Rubber Market 2018-2022, the global polyisoprene rubber market is predicted to grow at a CAGR of 7.29% during the period of 2018-2022. One trend in the market is rising demand for biomass-derived IR. The use…
Rubber, tyres and conveyor belts among goods affected by further tariff by the Trump administration
The Trump administration recently released a list of about 1,300 goods from China which they might impose a further 25% import duty on. The goods include tyres, conveyor belts and some types of rubber. These tariffs are part of the…
Avon Rubber sells US business for US$9.25 million
Avon Rubber, which produces rubber-based products for the manufacturing sector, has sold a US-based subsidiary for a total cash consideration of US$9.25m (£6.57m). Avon Engineering Fabrications (AEF), which manufactures hovercraft skirt and bulk liquid storage tanks, has been sold to…