Watercolour, acrylic or oil paint. These are what usually come to mind when we are choosing a medium to paint with. Malaysia is now coming up with another painting medium called natural rubber-based paint, and it is a first in…
Category: Industry News
Vietnam ranks third in natural rubber production, export
Vietnam currently ranks third in the world in natural rubber production and export, according to the Vietnam Rubber Association. The association revealed that in 2017, the country earned US$2.3 billion from export of 1.4 million tonnes of natural rubber, up…
Malaysia’s Supermax records 59% leap in Q2 profit to RM 36 million
Supermax Corp Bhd has announced a net profit of RM35.9 million for the second quarter ended Dec 31, 2017. This is up 59% year-on-year following stronger demand for gloves. .Revenue for the quarter stood at RM335.91mil, higher than the RM236.73mil made…
Price of natural rubber drops 5 % in India
Despite the tapping season coming to a close, the price of natural rubber prices in India has fallen nearly 5% due to weak demand. The price of rubber sheet came down to 123.50 per kg on Thursday from 129 a…
Versalis/Bridgestone to partner for research into guayule
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…
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…