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…
Category: Industry News
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…
Third quarter earnings of BAuto rise more than 60%; its shares jumped too
BAuto saw its shares ended 14 sen higher to RM2.16. This was after the company’s third quarter earnings soared more than 60%. BAuto is the official distributor of Mazda cars in Malaysia. RHB Research attributed this to robust Mazda sales…
Domestic rubber market is positive as demand for rubber gloves rise – Affin Hwang Capital Research
Strong demand for rubber gloves is driving the domestic rubber products market, Affin Hwang Capital Research said. The firm has told its clients to buy Supermax Corp Bhd. It also said that the vinyl supply disruption in China would drive long-term…
Kossan Rubber to buy two plots of land in Mukim Bidor, Perak
Kossan Rubber Industries Bhd has entered into a sale and purchase agreement with Perbadanan Kemajuan Negeri Perak. The agreement is to purchase two plots of land for a total of RM82.4 million The land stretches for 824.1 acres and is…
Pirelli introduces its cyber car
After 20 years of pursuing the creation of intelligent tyres and working with organisations such as Milan Polytechnic Foundation for Smart Mobility and Berkeley Wireless Research Center, tyre-maker Pirelli has gathered its knowledge and technology to create a cyber car.…
To celebrate International Women’s Day, Apollo Tyres launches all-women rubber sheet making unit
To commemorate International Women’s Day, Apollo Tyres recently launched a rubber sheet making unit to be run solely by rubber tapper’s wives at Vellavoor Panchayat in Kottayam district. S Jayasooryan, Vice-Chairman, Rubber Board, inaugurated the unit. The women have been…
Liquid silicone rubber market predicted to top US$7.9 billion by 2026 – Future Market Insights
The demand for injection materials such as liquid silicone rubber is sharply increasing. This is due to several factors: molding processes are gaining grounds in the manufacturing sector and liquid silicone rubber contains versatile characteristics and unique properties. A wide…