Versalis, Eni’s chemicals company and a major player in the polymers and elastomers industry, and Bridgestone Americas (Bridgestone), the leading global producer in the tyre industry, have signed a strategic partnership agreement to develop and deploy a comprehensive technology package…
Category: Industry News
Natural rubber production rose 14.3 % in December 2017
Natural rubber production rose 14.3 % in December 2017 to 67,125 tonnes from 58,733 tonnes produced in the previous month, said the Department of Statistics. Stocks rose 6.4 % to 230,315 tonnes at the end of December 2017 compared with…
Malaysia’s Sabah Rubber Industry Board (SRIB) worried over low rubber prices
Sabah Rubber Industry Board (SRIB) general Manager Datuk Harris Mathews has expressed his concern over the falling rubber prices, adding that this has made many smallholders feel uncomfortable. He said SRIB was very concerned about the current low price of…
Hartalega’s quarterly net profit up 70% to RM113 million
Malaysian glovemaker Hartalega’s net profit for the third quarter ended Dec 31, 2017 jumped 70% to RM113.02mil compared to the previous corresponding quarter, driven by higher sales and improvement in production capacity. The company said in a filing with Bursa…
Bridgestone launches an ethical guideline called the Global Sustainable Procurement Policy
Bridgestone Corporation, the world’s largest tyre and rubber company, today announced a new Global Sustainable Procurement Policy to help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry. The policy…
Goodyear cuts 2020 forecast as raw material costs rise
Goodyear Tire & Rubber Co recently cut its 2020 forecast for combined earnings of its three units amid higher prices for raw materials, overshadowing better-than-expected quarterly profit and revenue. About two-thirds of Goodyear’s raw materials are oil-based derivatives and the…
Malaysia’s rubber industry shone in 2017 with export up 30.2 % to RM32.3 billion – minister
Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong said recently that Malaysia’s natural rubber and rubber-based products were the ‘stars’ in 2017, with export up 30.2 % to RM32.3 billion. He said the other commodities, such as…
More than 500,000 vehicles by Ford’s China joint venture to be recalled for brake-related issues
Ford Motor’s China joint venture will recall more than half a million vehicles due to brake-related issues. The recall, which will start from Feb. 25, is linked to issues with materials used for brake hoses that could affect braking distances,…
Daimler, Bosch to test self-driving cars soon
Daimler and automotive supplier Robert Bosch will start testing self-driving so-called robo-taxis in the next few months, its senior executives said. Mercedes-Benz owner Daimler and Bosch teamed up last year to develop self-driving cars in an alliance aimed at accelerating…
Fiat Chrysler to slash Mirafiori plant production by 60 % until July – union
Fiat Chrysler will cut working hours at its Mirafiori plant in Turin, Italy by almost 60 % until July, the FIOM union said The plant mainly produces the luxury Maserati Levante sport utility vehicle. FCA already halted production of the…